#CryptoCorner #Podcast 782: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGM: $BITF)

 

 

#CryptoCorner #Podcast 782: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGM: $BITF)

 

Bitcoin Rallies Amid Ukraine-Russia Conflict, Coinbase Posts Q4 Financial Results, and Bitfarms Enters $32M Equipment Financing Agreement

 

Vancouver, Kelowna, Delta, BC February 25, 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.

 

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https://www.investorideas.com/Audio/Podcasts/2022/022522-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/02251COIN-BITF.asp

 

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Stocks discussed: (NasdaqGS:COIN) (NasdaqGM:BITF)

 

Bitcoin (BTC) is trading for just over $39,200 at press time, having grown roughly 9 percent in the last 24 hours, according to data from CoinMarketCap. Cointelegraph reports that “Bitcoin (BTC) and altcoin trading volumes have surged at […] major Ukraine cryptocurrency exchange [Kuna] in the aftermath of Russia’s invasion,” and that it “almost tripled to over $4 million.” The crypto market could be positioned to see further growth if the Ukraine–Russia conflict instigates higher global commodity prices and a subsequent inflation of fiat currencies.

 

Coinbase (NasdaqGS:COIN) has posted its Q4 2021 financial results in a shareholder letter. Highlights include the generation of $2.5 billion of net revenue, $840 million of

net income, and $1.2 billion of Adjusted EBITDA. An excerpt from the letter reads:

 

Amid this extraordinary pace of development, Coinbase had a strong year as well. In

2021, millions of new users joined the cryptoeconomy through Coinbase; we generated

$7.4 billion in net revenue – including $2.5 billion in the fourth quarter; we became the

first publicly traded crypto asset trading platform; and we made substantial progress

in building a best-in-class infrastructure to enable easy, safe, and secure on-ramps

and access into the global cryptoeconomy.

 

Bitfarms Ltd. (NasdaqGM:BITF) has entered into a $32 million equipment financing agreement. Jeff Lucas, the company’s CFO, explained:

 

“This equipment financing agreement provides another source of non-dilutive capital, enabling us to finance equipment from our established mining operations so that we can invest growth capital into miner purchases and our new farms under construction. With bitcoin (BTC) miner purchases making up the majority of our capital needs, this $32 million equipment financing frees up working capital and supports our flexible and non-recourse financing options, which also include our recently announced $100 million BTC collateralized loan facility.”

 

Sam Mowers, Investorideas

 

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