#CryptoCorner #Podcast 914: #Stocks discussed: (TSX: $GLXY.TO)
(NasdaqGS: $ARBK) (OTC: $SMURF) (OTC: $SANP)
Galaxy Digital
Acquiring Helios Mining Facility from Argo, Tokens.com Reports Financial
Results, and Santo Mining to Develop Badbunniez NFTs
Vancouver, Kelowna, Delta, BC December
30, 2022 - 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.
Today’s podcast is sponsored by Fintech
Company AppTech Payments Corp. (NasdaqCM:APCX).
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Stocks discussed: (TSX:GLXY) (NasdaqGS:ARBK)
(OTC:SMURF) (OTC:SANP)
Galaxy Digital
Holdings Ltd. (TSX:GLXY) has agreed to acquire the Helios bitcoin (BTC) mining facility and its related
operations from Argo Blockchain (NasdaqGS:ARBK) for approximately $65 million.
Helios, as described in the press release, “is a large-scale bitcoin mining
facility located in Dickens County, Texas, that has the ability to operate up
to 180 megawatts (MW) of mining capacity, utilizing immersion cooling
technology,” and is expected “to provide Galaxy with as much as 800 MW of
capacity,” upon receipt. Chris Ferraro, President and Chief Investment Officer
at Galaxy, said:
"Galaxy
is aspiring to be one of the most trusted nodes of the decentralized future.
The acquisition of Helios represents a new stage over our two-year journey in
bitcoin mining that increases our operating scale and breadth of solutions,
creating sustainable value for the biggest decentralized digital asset network
and shareholders alike."
Tokens.com Corp. (OTC:SMURF) has reported its financial results for the nine
months fiscal year ended September 30, 2022. Highlights include year-end cash
balance of $5.8 million and digital assets - cryptocurrency balance of $7.3
million, total revenue for the nine-months of $678k, and total assets of $20.0
million. Andrew Kiguel, the company’s CEO, said:
"FY2022
is marked with non-cash losses that reflect the revaluation of the crypto
assets we own. However, these non-cash losses have not impacted the ongoing
growth within our metaverse and gaming business segments. Despite negative
global macro events and the subsequent impact on our share price, management at
Tokens.com has been able to build its businesses at Metaverse Group and Hulk
Labs. Both are revenue positive and growing.”
Santo Mining Corp.
(OTC:SANP) has announced that it will develop the Badbunniez
NFTs on the CHIMBA Blockchain. Badbunniez, according to the press release, “are
the first R-Rated, generative NFT drop on the CHIMBA Blockchain inspired by
gamer favorites such as Final Fantasy VII, Mortal Kombat, God of War, Dragon
Ball Z, Planet of the Apes, BYAC & Bloody Bunny.” Franjose Yglesias,
Santo’s CEO, said:
“We
are stoked to develop one of the first use cases for the CHIMBA
Blockchain and that to be the Badbunniez NFTs, the NFT market will continue to
grow and we expect that the next 5 years the NFT market will grow
exponentially."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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