#CryptoCorner #Podcast 837: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGM: $CAN) (NasdaqCM: $MIGI)

 

 

 

#CryptoCorner #Podcast 837: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGM: $CAN) (NasdaqCM: $MIGI)

 

Coinbase Launches Crypto Think Tank, Canaan Posts Q1 Results, and Mawson to Develop Bitcoin Mining Facility in Texas

 

Vancouver, Kelowna, Delta, BC May 19, 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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Stocks discussed: (NasdaqGS:COIN) (NasdaqGM:CAN) (NasdaqCM:MIGI)

 

Coinbase (NasdaqGS:COIN) has announced the launch of the Coinbase Institute, described as “a global crypto-native think tank grounded in evidence-based research.” According to the official blog post, the Institute aims “to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, web3, and the future of finance.” An excerpt from the announcement reads:

 

We’re still at the early stages of the cryptoeconomy’s evolution, and it’s here to stay. In the future, the Coinbase Institute plans to publish more original research papers and to convene thoughtful discussions around our four pillars. Despite the recent market noise, comprehensive data and analysis about crypto’s adoption over time will provide the public, policymakers, regulators, and academics with a better understanding of crypto’s diversity and interconnection to the overall economy.

 

Canaan Inc. (NasdaqGM:CAN) has reported its unaudited financial results for the three months ended March 31, 2022. Quarterly highlights include the sale of 4.3 million Thash/s in computing power, and revenues of $213.9 million. Nangeng Zhang, Chairman and CEO of Canaan, said:

 

"We kicked off the year 2022 in an increasingly unpredictable environment due to macroeconomic uncertainties and logistic disruptions caused by the COVID-19 pandemic. While confronting these challenges, we remained steadfast in our commitment to strengthening our partnerships with clients and expanding our global coverage. As a result, our computing power sold in the first quarter reached 4.3 million Thash/s, representing an increase of 119.1% from 2.0 million Thash/s in the same period of 2021.”

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced its development of a new 120 Megawatt (MW) Bitcoin (BTC) mining facility in Texas. On-site development, according to the press release, “is expected to commence in Q2, 2022, with the facility becoming fully operational in Q4, 2022.” James Manning, the company’s CEO, said:

 

“Texas is rapidly emerging as an exciting new Bitcoin mining province in the United States, and thus we are excited to have established an initial foothold in the state. In an environment where energy and energy infrastructure are in high demand, we are looking forward to beginning on-ground civil works near-term. Community engagement is an important priority for Mawson, and we look forward to working closely with the local counties and continuing to be a great corporate citizen in the communities in which we operate."

 

Sam Mowers, Investorideas

 

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