#CryptoCorner #Podcast 799: #Stocks discussed: (NYSE: $MIGI) (CSE: $HODL.C)
#CryptoCorner
#Podcast 799: #Stocks discussed: (NYSE: $MIGI) (CSE: $HODL.C)
Mawson Reports 2021
Financial Results, Cypherpunk Holdings Invests in Lucy Labs Crypto Fund, and
Grayscale Investments Announces Smart Contract Platform Fund
Vancouver, Kelowna, Delta, BC March 22,
2022 - Investorideas.com, a leader in
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Stocks
discussed: (NYSE:MIGI) (CSE:HODL)
Mawson Infrastructure Group, Inc. (NYSE:MIGI) has posted its financial results for the fourth
quarter and full year ended December 31, 2021. Highlights include a Q4 revenue
of $19.6 million, a full-year record revenue of $43.9 million, and the addition
of 33,000 new ASIC Bitcoin (BTC) Miners making for a fleet total of over
40,000 as at 31 Dec 2021. The company’s Founder and CEO, James Manning, said:
"FY
2021 was a transformational year for our business. We significantly increased
our Bitcoin self-mining operational footprint, producing a record 808 Bitcoin,
increased revenue 886% to $43.9 million, increased our gross profit 2526% to
$34.0 million, and posted a record $17.9 million of non-GAAP EBITDA.
We
also successfully launched our Luna Squares hosting co-location business,
signed a new large-scale facility in Midland, Pennsylvania and materially
expanded the size of our Sandersville, Georgia Bitcoin mining facility. We also
launched our first Australian facility in 2021 as well as listing on the Nasdaq
late in Q3.”
Cypherpunk Holdings, Inc.
(CSE:HODL) has announced an investment of $500k USD in cryptocurrency
arbitrage fund Lucy Labs Flagship Offshore Fund SPC, managed by Lucy Labs GP
LLC. Cypherpunk CEO Jeff Gao explained:
"Passive
storage of crypto is fast becoming a thing of the past. Those investors who
continue to seek exposure to bitcoin via proxies have a plethora of ETFs and
listed names to choose from. That is not what Cypherhpunk is about. We offer
our investors the opportunity to benefit from crypto from the lens of prudent
risk management. The essence of our risk management framework is expressed
through our OTC operations as well as through the performance of our strategic
partners. We saw in Lucy Labs a product that provided a low volatility income
stream and whose performance was largely uncorrelated with our other
strategies. Their onboarding comes off the tail of an extensive due diligence
process that began in Q3 2021."
Digital currency asset
manager Grayscale Investments has announced the launch of Grayscale Smart
Contract Platform Ex-Ethereum (ETH) Fund (GSCPxE), aimed at providing
investors “with exposure to a selection of industry-leading Smart Contract
Platforms through a market-capitalization weighted portfolio designed to track
the CoinDesk Smart Contract Platform Select Ex ETH Index.” Grayscale CEO
Michael Sonnenshein said:
“Investor
demand for diversified exposure has grown in parallel to the ongoing evolution
of the crypto ecosystem. Smart contract technology is critical to the growth of
the digital economy, but it’s still too early to know which platform will win –
from attracting and retaining the most vibrant developer communities, to
ensuring the platform is high-speed, flexible, and scalable. The beauty of
GSCPxE is that investors do not have to choose one winner, and instead can
access the development of the smart contract platform ecosystem through a
singular investment vehicle.”
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
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