#CryptoCorner #Podcast 714: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NasdaqGM: $BITF)
#CryptoCorner
#Podcast 714: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NasdaqGM:
$BITF)
Coinbase Partners with
Esports Organization Team Liquid, Hut 8 Shares Financial Results, and Bitfarms
Acquires Hydro Power Farm in WA
Point Roberts, WA, Delta BC November 11,
2021 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary
on what’s driving cryptocurrency stocks and the crypto market.
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Stocks
discussed: (NasdaqGS:COIN) (NasdaqGS:HUT) (NasdaqGM:BITF)
Cointelegraph reports that Coinbase (NasdaqGS:COIN) has partnered with Team Liquid,
an “esports and gaming organization operating across major titles including
League of Legends and Fortnite.” Team Liquid has signed a four-year agreement
with Coinbase aimed at highlighting “the crossover between gaming and
crypto-curious audiences” as well as creating new seemingly crypto-focused
content. Team Liquid owner and co-CEO Steve Arhancet said:
“Like
a lot of our fans, crypto was new to me once, but once I started reading and
watching, I realized that it wasn’t some passing fad — it’s here now, and will
be in the future. Together with Coinbase, we hope we can demystify crypto for
Team Liquid fans.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has shared its financial results for the quarter
ending September 30, 2021. For Q3 the company boasts its third consecutive
record quarterly revenue, with $50.3 million CAD and the mining of 905 Bitcoin
(BTC). Shane Downey, Hut 8’s CFO, said:
"The
third quarter of 2021 proved to be another exciting and dynamic step forward
for Hut 8. We are thrilled to have reported our third consecutive
record-breaking quarterly results and to have already surpassed our goal of
5,000 Bitcoin held in reserve. Further, we have achieved an important milestone
with final delivery of all 10,000 NVIDIA chips. Throughout early weeks of
operation, these cutting-edge GPUs have proven to be highly efficient, mining
at a total cost of under $3,000 per Bitcoin, delivering margins of
approximately 95%."
Bitfarms Ltd. (NasdaqGM:BITF) has acquired a 24 Megawatt (MW) hydro power farm
in the U.S. state of Washington. According to the press release, the company
“plans to house approximately 6,200 Bitmain S19j Pro miners, capable of 620
PH/s, in the facility.” Emiliano
Grodzki, CEO of Bitfarms, explained:
“Bitfarms
strategy is to expand our operating footprint while maintaining cost effective
production rates. By diversifying our decentralized mining portfolio, we
prioritize locations with cost-effective electricity that allow for further
growth and expansion. The Washington farm meets all these criteria. With this
acquisition, we enter the United States and continue our global expansion to 10
farms in operation or under development in four countries. The initial 24 MW
acquisition will increase our total mining capacity to 106 MW and boost our
total hashrate as additional miners are installed.”
Sam Mowers, Investorideas
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