#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
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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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