#CryptoCorner #Podcast 692: #Stocks discussed: (NasdaqCM: $BTBT) (NasdaqCM: $CLSK) (TSXV: $BNXA.V)
#CryptoCorner #Podcast 692: #Stocks
discussed: (NasdaqCM: $BTBT) (NasdaqCM: $CLSK) (TSXV: $BNXA.V)
Bit
Digital to Purchase 10,000 Miners from Bitmain, CleanSpark Purchases 4,500
Antminers with BTC, and Banxa Holdings Reports Record September Results
Point Roberts,
WA, Delta BC October 12, 2021 -
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Stocks
discussed: (NasdaqCM:BTBT) (NasdaqCM:CLSK) (TSXV:BNXA)
Bit Digital, Inc. (NasdaqCM:BTBT) has signed agreements for the purchase of 10,000
Bitcoin (BTC) Antminers from Bitmain Technologies
Limited. This is supposed, according to the press release, to “increase Bit
Digital's miner fleet hash rate by over 1.0 Exahash (EH/S). Bryan Bullett, Bit
Digital's CEO, said:
"By
contracting for these Bitmain units, we have opened a new channel in our
procurement strategy, diversifying our access to miners. While we believe we
continue to enjoy differentiated access to the miner spot market, and expect to
continue our ongoing spot purchases, our deal with Bitmain is an efficient
means to procure a large quantum of new miners on attractive terms. This is
key, as we believe that scale is paramount in importance in the bitcoin mining
business. We look forward to a productive ongoing customer relationship with
Bitmain."
CleanSpark, Inc. (NasdaqCM:CLSK) has announced its purchase of 4,500 units of the
Antminer S19 bitcoin mining machine – partially funded through a portion of its
own BTC holdings – with delivery expected to be complete by July 2022. Zach
Bradford, CEO of CleanSpark, said:
"By
making a conscious effort to reinvest in additional production, we are taking a
market-based approach to our mining operations and maximizing value for our
shareholders. We understand that using our bitcoin to support our operations
and expansion is a paradigm shift for the digital currency mining industry in
North America. We hope to continue to lead the market with these bold
moves."
Banxa Holdings, Inc. (TSXV:BNXA) has reported its results for the month of
September 2021, indicating a record Total Transaction Value (TTV) of $117.5
million AUD ($86.4 million USD) – an increase of 34 percent over the previous
month. Holger Arians, the company’s CEO, commented:
"It's
great to see the market begin to pick up again after a few months of
uncertainty. We believe the future of the digital asset space will be driven by
deeper integration with traditional payments and financial services, and
building the infrastructure to achieve this is our core objective. More rigid
compliance protocols, greater transparency and more local payments are the key
areas we have focused on, and the market has responded to this."
Sam Mowers, Investorideas
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