#CryptoCorner #Podcast 689: #Stocks discussed: (NasdaqGS: $MIGI) (NasdaqGM: $BITF) (NasdaqGM: $ARBK)
#CryptoCorner #Podcast 689: #Stocks discussed: (NasdaqGS: $MIGI)
(NasdaqGM: $BITF) (NasdaqGM: $ARBK)
MoneyGram Partners with Stellar
Development Foundation, Bitfarms Signs Contracts for Production Facility in
Argentina, and Argo Blockchain Shares September Operational Update
Point Roberts, WA, Delta BC October 7, 2021 - Investorideas.com, a leader in crypto and
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Stocks discussed: (NasdaqGS:MIGI) (NasdaqGM:BITF)
(NasdaqGM:ARBK)
Global digital P2P payments giant MoneyGram International,
Inc. (NasdaqGS:MGI) has announced a partnership with the Stellar
Development Foundation, described in the press release as “a non-profit
organization that supports the development and growth of Stellar, an
open-source public blockchain that allows money to be tokenized and transferred
anywhere in the world.” The partnership will see integration of the Stellar
blockchain, facilitated through Circle's USD Coin (USDC), with MoneyGram’s network, allowing
“cash funding and payout in local currency for consumers using USDC, as well as
near-instant backend settlement capabilities.” Alex Holmes, MoneyGram’s
Chairman and CEO, said:
"At MoneyGram,
one of our top strategic priorities is to pioneer cross-border payment
innovation and blockchain-enabled settlement, and we're thrilled to now work
with the Stellar Development Foundation to further our efforts. As crypto and
digital currencies rise in prominence, we're especially optimistic about the
potential of stablecoins as a method to streamline cross-border payments. Given
our expertise in global payments, blockchain, and compliance, we are extremely
well-positioned to continue to be the leader in building bridges to connect
digital currencies with local fiat currencies."
Bitfarms Ltd. (NasdaqGM:BITF) has signed engineering, procurement and
construction (EPC) contracts and commenced construction of a production
facility in Argentina. Emiliano Grodzki, CEO of Bitfarms, explained:
“Our new high-production
facility in Argentina, which is expected to accommodate over 55,000 miners upon
completion, will greatly expand our capacity and global footprint. Combined
with the expansion in Quebec, Canada and our planned build-out in Paraguay, we
are positioned to achieve our corporate target of 8 exahash per second by
year-end 2022. The Argentina facility is planned to produce Bitcoin using power
at the attractive rate of just US 2.2 cents per kilowatt hour, substantially
reducing our already low cost of mining Bitcoin. Leveraging our expertise and
corporate infrastructure, as well as that of our highly respected construction
partners, is part of our strategy to grow faster and more efficiently by mining
Bitcoin with improved profit margins.”
Argo Blockchain (NasdaqGM:ARBK) has shared an operational update for September.
During the month, the company mined 165 Bitcoin (BTC) (or Bitcoin Equivalent), making for a
total amount mined year-to-date of 1479 BTC. This amounted to a mining revenue
of £5.50 million ($7.59 million), down from £6.83 million ($9.43 million) in
August.
Sam Mowers, Investorideas
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