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Thursday, August 18, 2022

#CryptoCorner #Podcast 875: #Stocks discussed: (NasdaqGM: $CAN) (NYSEAmerican: $NILE) (TSXV: $CBIT.V)

 



 

 

#CryptoCorner #Podcast 875: #Stocks discussed: (NasdaqGM: $CAN) (NYSEAmerican: $NILE) (TSXV: $CBIT.V)

 

Canaan Has Announced its Q2 Financial Results, BitNile Subsidiary Enters Hosting Agreement, and Cathedra Bitcoin Posts Operational Updates

 

Vancouver, Kelowna, Delta, BC August 18, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast: 

https://www.investorideas.com/Audio/Podcasts/2022/081822-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08181CAN-NILE-CBIT.asp

 

Get the Crypto Corner Podcast on iTunes

 

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Stocks discussed: (NasdaqGM:CAN) (NYSEAmerican:NILE) (TSXV:CBIT)

 

Canaan Inc. (NasdaqGM:CAN) has shared its unaudited financial results for the three months ended June 30, 2022. Highlights from the second quarter include 5.5 million Thash/s of total computing power sold, $246.7 million USD in revenues, and a net income of $90.9 million. Nangeng Zhang, the company’s Chairman and CEO, said:

 

"We went through a challenging second quarter as the Bitcoin (BTC) price continued to tumble down to under US$20 thousand. The COVID-19 containment lockdown in key cities in China also brought severe disruptions to our daily operations and demand for our AI chips. Facing these obstacles, we strived to deliver for our clients and achieved total computing power sold of 5.5 million Thash/s, up 27.5% sequentially. In order to support our global expansion, we further integrated operations overseas in our Singapore international headquarters, which now features a Research and Development team and other operational functions.”

 

BitNile, Inc. (BNI), a wholly-owned subsidiary of BitNile Holdings, Inc. (NYSEAmerican:NILE), has entered into a hosting agreement with Compute North, LLC, securing 20 megawatts of power. According to the press release, this agreement aims to enable BNI to “power roughly 6,500 S19j Pro miners during August and September.” Milton "Todd" Ault, III, the company’s Executive Chairman, said:

 

"We are excited about the new hosting relationship with one of the largest and most established companies in this space. Its expertise is expected to help us accelerate the pace at which we conduct our operations and will maximize overall efficiencies and ultimately profitability."

 

Cathedra Bitcoin Inc. (TSXV:CBIT) has posted some recent operational and corporate updates. This includes the installation of 522 machines from its June batch of Bitmain Antminer S19J Pro machines at a third-party data center in Kentucky, thereby increasing its Bitcoin mining hash rate by 52 PH/s. Drew Armstrong, the company’s President and COO, said:

 

"Over the past several months, we have been hard at work in New Hampshire developing a scalable manufacturing operation. We have used this summer as an opportunity to optimize our manufacturing and fabrication processes; this will allow us to ‘print’ Rovers –the company’s “proprietary bitcoin mining data centers” – in the most time- and capital-efficient manner possible. As globalized supply chains break down, we are working to create a manufacturing powerhouse here in North Country."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

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Monday, August 15, 2022

#CryptoCorner #Podcast 874: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGM: $BITF) (NasdaqCM: $EQOS)

 



 

 

#CryptoCorner #Podcast 874: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGM: $BITF) (NasdaqCM: $EQOS)

 

Galaxy Digital Terminates BitGo Acquisition, Bitfarms Posts Q2 Results, and Eqonex to Streamline Operations

 

Vancouver, Kelowna, Delta, BC August 15, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/081522-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08151GLXY-BITF-EQOS.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (TSX:GLXY) (NasdaqGM:BITF) (NasdaqCM:EQOS)

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced the termination of its previously announced acquisition agreement with digital asset firm BitGo following the latter's “failure to deliver, by July 31, 2022, audited financial statements for 2021.” Mike Novogratz, CEO and Founder of Galaxy, commented:

 

“Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner. We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions.”

 

Bitfarms Ltd. (NasdaqGM:BITF) has reported its financial results for the second quarter ended June 30, 2022. Highlights include the mining of 1,257 Bitcoin (BTC), an increase in revenue to $42 million, and a gross mining profit of $27 million. Jeff Lucas, the company’s CFO, explained:

 

“By deleveraging our balance sheet and increasing financial flexibility, we are better positioned to execute our growth initiatives to drive market share gains and increased production. As careful stewards of capital, to better align with our capacity expansion, we amended our miner delivery schedule to match our deployment plan. Thus, we optimized resources, deferring $39 million in capex spending from the fourth quarter of 2022 into 2023.”

 

Eqonex Limited (NasdaqCM:EQOS) has announced that it is taking actions to streamline its operations and focus resources on the businesses that offer the most potential for revenue growth and long-term financial sustainability, namely Asset Management and Custody. Notably, this will include the company exiting from the crypto exchange space. The company’s CEO, Jonathan Farnell, said:

 

"The recent extreme market volatility and declining trading volumes have added to the headwinds being felt by exchange operators.  We take a realistic view that our exchange will not move the needle for us financially over the near-to-medium term. We don't see value in continuing to bear the costs of operating an exchange during what may be a prolonged market downturn.  We have conviction that proactively exiting the crowded exchange space is the right decision to deliver shareholder value."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

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Friday, August 12, 2022

#CryptoCorner #Podcast 873: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NYSE: $BKKT)

 



 

 

#CryptoCorner #Podcast 873: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NYSE: $BKKT)

 

Coinbase Publishes Shareholder Letter, Hut 8 and Bakkt Announced Q2 Updates

 

Vancouver, Kelowna, Delta, BC August 12, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/081222-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08121COIN-HUT-BKKT.asp

 

Get the Crypto Corner Podcast on iTunes

 

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Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:HUT) (NYSE:BKKT)

 

Coinbase (NasdaqGS:COIN) has published its second quarter 2022 shareholder letter. As compared to Q2 2020, the company’s Monthly Transacting Users have grown from 1.5 million to 9 million, its Total quarterly Trading Volume from $28 billion to $217 billion, and its Assets on Platform increased from $26 billion to $96 billion. An excerpt reads:

 

Down markets are not as bad as they may seem. Yes, it can feel scary and near-term financials can be heavily impacted. That’s why we have worked hard to build a strong balance sheet to weather the storms. We began investing in less volatile revenues during the last crypto down market and are pleased to see the continued growth of our Subscription and services revenues. Down markets are builder’s markets, where many casual competitors step back. At Coinbase, we are optimists and are focused on building great products and services for our users. We are incredibly proud of the speed of product deployment and the recent feedback we have been receiving from our customers. We have conviction that if we continue to focus on building the right products and services, we will emerge stronger than before.

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced its financial results for the quarter ended June 30, 2022. Highlights include a revenue of $43.8 million, the mining of 946 Bitcoin (BTC), and the installation of 7,199 new MicroBT M30S, M30S+, and M31S+ miners at the company’s  Drumheller, Alberta, Medicine Hat, Alberta, and North Bay, Ontario facilities. Jaime Leverton, CEO of Hut 8, said:

 

"We have been anticipating market volatility for nearly a year and took proactive measures to successfully navigate the current downturn through the balance of the cycle. Our continued growth in digital asset mining operations and in our Bitcoin reserves, coupled with our first full quarter generating uncorrelated fiat revenue in our high performance computing business, has positioned us well to drive future success."

 

Bakkt Holdings Inc. (NYSE:BKKT) has announced its financial and operational results for the second quarter ended June 30, 2022. Highlights include a net revenue of $13.6 million, the continued signing up of new banks for crypto capabilities, and a strategic alliance with Visa to provide solutions to the latter’s “extensive network.” Gavin Michael, Bakkt’s President and CEO, said:

 

"We are proud of our second quarter performance where we delivered robust revenue growth, with 2Q net revenues up 60% year-over-year, and maintained a strong balance sheet, with over $315 million in available cash and other highly liquid assets. Our strong platform and compliance-first approach enable us to withstand challenging markets and continue to execute against our roadmap, working closely with our partners to fully integrate our capabilities and help bring them to market."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

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Contact Investorideas.com

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Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

 

#CryptoCorner #Podcast 875: #Stocks discussed: (NasdaqGM: $CAN) (NYSEAmerican: $NILE) (TSXV: $CBIT.V)

      #CryptoCorner #Podcast 875: #Stocks discussed: (NasdaqGM: $CAN) (NYSEAmerican: $NILE) (TSXV: $CBIT.V)   Canaan Has Announced...