#CryptoCorner #Podcast 879: #Stocks discussed: (NasdaqGM: $BITF) (CSE: $BIGG.C) (CSE: $BCFN.C) (TSX: $WNDR.TO)
#CryptoCorner
#Podcast 879: #Stocks discussed: (NasdaqGM: $BITF) (CSE: $BIGG.C) (CSE: $BCFN.C)
(TSX: $WNDR.TO)
Bitfarms Posts Production
Update for August, BIG Renews Crypto Contract and Launches Partnerships, and
WonderFi to Acquire Blockchain Foundry
Vancouver, Kelowna, Delta, BC September
1, 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: (NasdaqGM:BITF) (CSE:BIGG) (CSE:BCFN) (TSX:WNDR)
Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update
for August 2022. Highlights include reaching a hashrate of 3.9 EH/s online as
of August 31, the mining of 534 new BTC during the month, and the near
completion of energization of the company’s first Argentinian warehouse. Geoff
Morphy, President and COO of Bitfarms, explained:
“The
initial segment of our first 50-megawatt (MW) warehouse in Rio Cuarto,
Argentina, is nearing production and will be a key contributor to achieving our
goal to deliver 4.2 exahash per second (EH/s) by September 30. More
specifically, the first 10 MW of this warehouse is planned to be energized and
start production ahead of schedule later this month, with capacity being added
incrementally throughout Q4 2022. Construction at our second 50 MW warehouse in
Rio Cuarto is scheduled to commence in September and expected to be completed
around the beginning of Q2 2023.”
Blockchain Intelligence
Group (BIG), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced the renewal of its annual contract
with a global crypto payments company for $270K USD. BIG also launched
partnerships with two South Korean firms for market entry, with the aim of
providing “leading blockchain investigation support and automated risk
monitoring to South Korean law enforcement and financial services.” Lance
Morginn, BIG’s President, said:
“Blockchain
Intelligence Group helps clients get maximum business value from digital assets
and the blockchain. From a major contract renewal to market entry in S. Korea,
our team continues to deliver on our global expansion plans.”
Blockchain Foundry Inc. (CSE:BCFN) has entered into a definitive agreement to be
acquired by WonderFi Technologies Inc. (TSX:WNDR). Ben Samaroo, CEO of WonderFi,
explained:
“This
acquisition further solidifies WonderFi as the Canadian leader in the digital
asset space. BCF is on a great trajectory with a diverse set of intellectual
property, brand partnerships, and a revenue generating track-record. The
current economic conditions in the crypto market have made it attractive for
WonderFi to be able to acquire companies like BCF which carry the potential to
compliment our core operating crypto asset trading platforms Bitbuy and
Coinberry, while also adding cash, liquid digital assets and a portfolio of
private emerging crypto investments to WonderFi’s balance sheet.”
Sam Mowers, Investorideas
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