#CryptoCorner #Podcast 732: #Stocks discussed: (NasdaqCM: $CLSK) (TSXV: $BNXA) (TSXV: $NDA.V)
#CryptoCorner
#Podcast 732: #Stocks discussed: (NasdaqCM: $CLSK) (TSXV: $BNXA) (TSXV: $NDA.V)
CleanSpark Purchases
Immersion Cooling Tech for Mining Facility, Banxa Files for Nasdaq Uplist, and
Neptune Digital Launching DeFi Program
Point Roberts, WA, Delta BC December 9,
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: (NasdaqCM:CLSK) (TSXV:BNXA) (TSXV:NDA)
CleanSpark, Inc. (NasdaqCM:CLSK) has announced the purchase of immersion cooling
infrastructure for its Norcross bitcoin (BTC) mining facility. According to the press
release, phased installation of the technology is due to start immediately,
with the first 8 MW expected to go live in February 2022. This is expected to
increase bitcoin mining efficiency by 20 percent or more. Zach Bradford, CEO of
CleanSpark, said:
“We
are constantly seeking ways to make our operations more sustainable and
productive while achieving maximum performance. Deploying an
environment-friendly cooling technology that also increases the economics of
our bitcoin mining operations was an obvious choice for us.”
Banxa Holdings Inc. (TSXV:BNXA) has filed a comprehensive listing application with
the NASDAQ Capital Market, and has reserved the ticker symbol “BNXA”. The press
release lists several benefits of the listing, including: increased visibility
and growth, regulation and compliance for digital assets, credibility and
transparency, accelerated company growth, and a raised overall profile and
shareholder value. Domenic Carosa, Banxa’s Founder and Chairman, said:
"The
NASDAQ uplist is a natural progression for the Banxa business which has
performed above my expectations since our IPO in January 2021. While we know
there are several further steps that are required before being approved for
uplisting to the NASDAQ, it is our intention to meet and satisfy all necessary
listing requirements. We feel this uplisting enables Banxa to expand its
offerings to investors who truly understand and see the value in the digital
asset industry."
Neptune Digital Assets
Corp. (TSXV:NDA) has announced the launch of its proprietary DeFi
program bringing cutting edge innovation and a new earnings stream. The
company’s CEO, Cale Moodie, explained:
"DeFi
represents a significant opportunity for Neptune. It allows for faster and
cheaper financial transactions and services for organizations and the general
public. This equates to efficient and decentralized financial services, while
keeping more money in the customers pockets, when compared to existing legacy
systems. We are very excited about Neptune's future in DeFi and the potential
yield we can generate. This is a nascent space and, as such, we have carefully
and methodically selected protocols that we trust, that are run by
non-anonymous individuals and groups that have a history of success. Although
DeFi is in its infancy, our program is proving to be very lucrative and we will
continue to evolve in the space and maximize returns for shareholders."
Sam Mowers, Investorideas
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