#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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