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Monday, January 10, 2022

#CryptoCorner #Podcast 751: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGM: $BITF) (CSE: $LYNX.C)

 



 

#CryptoCorner #Podcast 751: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGM: $BITF) (CSE: $LYNX.C)

 

HIVE Reports December Production Figures, Bitfarms Purchases Another 1,000 BTC, and Lynx Global Announces Metaverse Payment Infrastructure

 

Point Roberts, WA, Delta BC January 10, 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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/011022-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01101HIVE-BITF-LYNX.asp

 

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqGM:BITF) (CSE:LYNX)

 

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported the production figures from its global Bitcoin (BTC) and Ethereum (ETH) mining operations for the month of December 2021. Highlights include the production of 245 BTC, 2,178 ETH, and “a BTC HODL balance of 1,813 Bitcoin as of December 31, 2021.” The company’s Executive Chairman, Frank Holmes, said:

 

"We are very pleased to report HIVE has continued its strong momentum in expanding our Bitcoin hashing power even as the network difficulty rose. As of today, we are producing approximately 8.8 BTC a day. Our Bitcoin hashing power increased in December and at the calendar year-end our hashrate was 1.7 Exahash, which translated into a 12% increase in BTC mining on a month over month basis, while BTC prices corrected."

 

Bitfarms Ltd. (NasdaqGM:BITF) has announced the purchase of 1,000 BTC for $43.2 million USD, bringing its total Bitcoin holdings to over 4,300 as of today. The company’s Founder and CEO, Emiliano Grodzki, said:

 

“Our guiding company strategy at Bitfarms is to accumulate the most Bitcoin for the lowest cost and in the fastest amount of time for the benefit of our shareholders. To that end, we continually optimize our capital allocation. With the dip in BTC while mining hardware prices remain high, we seized the opportunity to move cash into BTC. We continue to be committed to executing our operational growth strategy and delivering our goal of 8 exahash/second by the end of 2022.”

 

Lynx Global Digital Finance Corporation (CSE:LYNX) is extending its financial infrastructure to include support for metaverse based services. This will be done through the company’s bank, relevant crypto license, and electronic money issuer license. Lynx CEO Mike Penner said:

 

"I believe that this is potentially the most exciting time to be an entrepreneur in our financial history - the Metaverse, Blockchain, and Cryptocurrency technologies that we are poised to develop and deploy will change the financial landscape forever. It is the small companies with entrepreneurial management like ours that can be nimble enough to outperform the legacy incumbents and large players that are mired in their legacy systems - Lynx is positioning itself as the integrated technology layer that connects these new and exciting digital economy with the existing legacy systems so that users can easily move between the two worlds.”

 

Sam Mowers, Investorideas

 

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