#CryptoCorner #Podcast 880: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $HUT) (CSE: $BIGG.C)
#CryptoCorner
#Podcast 880: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $HUT) (CSE: $BIGG.C)
HIVE and Hut 8 Post August
Updates, and BIGG’s Netcoins Announces US Expansion Plans
Vancouver, Kelowna, Delta, BC September
6, 2022 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary
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Stocks
discussed: (NasdaqCM:HIVE) (NasdaqGS:HUT) (CSE:BIGG)
HIVE Blockchain
Technologies Ltd. (NasdaqCM:HIVE) has announced the production figures from its
global Bitcoin (BTC) and Ethereum (ETH) mining operations for August 2022.
Highlights include the production of 290.4 BTC, 3,010 ETH, and an end of month
HODL balance of 3,258 BTC and 5,100 ETH. The company’s Executive Chairman,
Frank Holmes, said:
"In
August we produced an average of 16.7 Bitcoin Equivalent per day, comprising
approximately 9.4 BTC per day and our Ethereum production of approximately 97
Ethereum per day. We are pleased to note that as of today, we are producing
over 9 BTC, even with last week's Bitcoin difficulty increase of almost
10%."
Hut 8 Mining Corp. (NasdaqGS:HUT) has published a production and operations update
for August 2022. Highlights include the mining of 375 BTC, an installed ASIC
hash rate capacity of 2.98 EH/s by the end of the month, and a total self-mined
holdings of 8,111 BTC. Jaime Leverton, the company’s CEO, said:
"Our
team delivered very strong results across our mining and high performance
infrastructure businesses in August, positioning us well for continued success.
We continue to receive and install our monthly shipments of new MicroBT miners
on time, while actively adding to the suite of services we offer our data
centre customers."
Netcoins, the online
cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced initial launch plans for operations
in the US. Headquartered in Vancouver, Canada, Netcoins will base its US
operations out of the state of Wyoming, and will commence in Q4 this year with
the launch of its trading platform in California, Pennsylvania, Michigan and
Virginia. Fraser Matthews, the President of Netcoins, said:
“Expanding
our footprint into the US gives Netcoins the opportunity to become a leading
Crypto platform in North America. We are focused on highly populated and crypto
friendly states. Our strategy is focused on 3 key pillars: Product, Experience
and Expansion. We will look to use the momentum of this launch to drive our roadmap
forward in each of these areas. We look forward to going live in this exciting
and competitive market while working with our partners to deliver a safe and
secure proposition for our US customers.”
Sam Mowers, Investorideas
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