#CryptoCorner #Podcast 904: #Stocks discussed: (NasdaqGS: $HUT) (TSXV: $DMGI.V) (CSE: $AQUA.C)

 

 

 

#CryptoCorner #Podcast 904: #Stocks discussed: (NasdaqGS: $HUT) (TSXV: $DMGI.V) (CSE: $AQUA.C)

 

Hut 8 Posts Update on North Bay Facility, DMG Blockchain Announces Access to Bosonic Network, and Jellyworks Enters Agreement with Polygon

 

Vancouver, Kelowna, Delta, BC November 28, 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: (NasdaqGS:HUT) (TSXV:DMGI) (CSE:AQUA)

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has provided an update on its North Bay mining facility in Ontario, Canada. According to the press release, Hut 8 has requested mediation proceedings to be commended with North Bay’s energy supplier Validus Power Corp., following the delivery of a notice of default to the latter “in respect of Validus' breaches of certain obligations under the terms of the power purchase agreement.” Validus has suspended the delivery of energy to Hut 8’s mining operations in North Bay, citing its failure “to make certain payments,” an allegation which Hut 8 categorically denies.

 

DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced access to the Bosonic Network and its multi-custodial blockchain-based solution for new Terra Pool members. Bosonic is described in the press release as “a pioneer of decentralized Financial Market Infrastructure (dFMI) technology, which eliminates counterparty risk, as digital assets are held only at regulated custodians, not the exchanges.” DMG’s CEO, Sheldon Bennett, said:

 

“We are an integral member of the decentralized Bosonic Network, which is focused on eliminating counterparty risk. The Bosonic platform has been our preferred method for transacting digital assets – specifically bitcoin [BTC] – for several months now. We believe the growth of DMG’s non-crypto mining revenue will be associated with our Core+ projects in transacting and securing crypto, and Bosonic plays an important role in achieving this objective.”

 

Jellyworks Inc., a wholly-owned subsidiary of Aquarius AI Inc. (CSE:AQUA), has entered into a marketing services agreement with blockchain firm Polygon Studio Labs Inc. This will see Jellyworks migrate its Gaming Guild operational technology onto the Polygon blockchain, supported by Polygon technology teams. Jellyworks CEO Alex Lineton, said:

 

“We are delighted to be integrating so closely with POLYGON, using their blockchain technology to operate our GUILD. We are in good company, with POLYGON recently signing deals with big name companies including Nike, Starbucks and Adobe. Our integration with POLYGON brings us both leading blockchain technology as well as additional access to both games and game players."

 

Sam Mowers, Investorideas

 

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