#CryptoCorner #Podcast 860: #Stocks discussed: (NasdaqCM: $MIGI) (CSE: $BIGG.C) (NYSE: $BTCM)

 

 

 

#CryptoCorner #Podcast 860: #Stocks discussed: (NasdaqCM: $MIGI) (CSE: $BIGG.C) (NYSE: $BTCM)

 

Mawson Provides Update, Netcoins Launches Four New Coins, and BIT Mining Announces Business Spin-Off at Ohio Mining Site

 

Vancouver, Kelowna, Delta, BC June 30, 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: (NasdaqCM:MIGI) (CSE:BIGG) (NYSE:BTCM)

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has provided an update, including its participation in an energy demand response program. Regarding the latter, Mawson is actively engaging in energy demand response programs at its operations wherein it “engages in Bitcoin (BTC) Mining and generates revenue by selling Self-Mined Bitcoin which is produced daily. According to the press release, the company has also received the final shipment of Canaan A1246 ASIC Bitcoin Miners for June. Mawson’s Founder and CEO, James Manning, said:

 

“Despite a volatile market, Mawson is currently continuing to self-mine and is also participating in energy demand response programs where applicable. We are fortunate to have no outstanding contracts for the purchase of ASIC Bitcoin Miners, enabling us to focus on the development of our co-location business as an alternate revenue stream while the Bitcoin price is suppressed. Our largest customer, Celsius Mining LLC continues to perform as expected as we scale up their deployment. The decision to defer any major expansion CAPEX in the current market environment is the sensible decision until market conditions normalize."

 

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced the launch of four new coins on the platform: Cardano (ADA), Solana (SOL), Polkadot (DOT) and GALA. Mark Binns, Netcoins CEO, said:

 

“Today we are very excited to launch two more of the top 10 coins globally by market cap, ADA and SOL, along with #11 DOT. These coins recently became available to Netcoins for listing under a regulated environment. We believe strongly that moving in lock step with regulation, and our customer’s safety and best interests, is the path to long term growth and success.”

 

BIT Mining Limited (NYSE:BTCM) has announced the completion of a spin-off with Viking Data Centers LLC in developing and operating the Ohio cryptocurrency mining data center, giving it exclusive access to 82.5MW of planned electrical power. Xianfeng Yang, BIT Mining’s CEO, explained:

 

"We will continue to devote our resources to the Ohio Mining Site in light of better cost control and operational efficiency improvement. While the cooperation with Viking Data Centers has helped with our initial entrance into the North American market, we believe that carving out the Ohio Mining Site business will further enhance our overall operational efficiency as we expand our business. Going forward, we are considering collaborations with Viking Data Centers on other projects. We will continue to execute on our plan, investing in technology, innovation, and high-quality mining resources worldwide, while building a strong foundation across the cryptocurrency ecosystem."

 

Sam Mowers, Investorideas

 

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