#CryptoCorner #Podcast 929: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $HUT) (TSX: $BTCQ.TO)
#CryptoCorner
#Podcast 929: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $HUT) (TSX: $BTCQ.TO)
HIVE Posts Q3 Earnings
Results, Hut 8 Moves Toward Carbon Neutrality, and 3iQ Partners with BlockZero
Vancouver, Kelowna, Delta, BC February
21, 2023 - 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.
Today’s podcast is sponsored by Fintech
Company AppTech Payments Corp. (NasdaqCM:APCX).
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/2023/022123-CryptoMarket.mp3
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at https://www.investorideas.com/news/2023/crypto-corner/02211HIVE-HUT-BTCQ.asp
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Stocks
discussed: (NasdaqCM:HIVE) (NasdaqGS:HUT) (TSX:BTCQ)
HIVE Blockchain
Technologies Ltd. (NasdaqCM:HIVE) has posted its earnings report for the third
quarter ended December 31, 2022. Highlights for Q3 include a revenue of $14.3
million USD, the mining of 787 Bitcoin (BTC), and $3.62 million of income from mining
operations. The company’s Executive Chairman, Frank Holmes, said:
"We
wish to again thank our loyal shareholders for believing in our vision to mine
both Ethereum [ETH] and Bitcoin. We are sad to see the higher
margin from mining Ethereum gone however our HPC strategy which has taken
longer to roll out is now growing rapidly on a month over month basis. We are
happy to share that our robust growth is scalable and could potentially
increase 10x fold over the next year as the demand for our high quality chips
due to the huge global demand for Ai projects like GPT CHAT, medical research, machine
learning and rendering.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has announced that it has partnered with Sparta
Group's carbon credit program established by their e-waste division, ERS
International, to reduce their carbon footprint by reusing and recycling
approximately 220 metric tonnes of electronic waste, earning approximately 5,200
metric tons of carbon dioxide equivalent serialized carbon credits. Arnold Lee,
Director of ESG at Hut 8, explained:
"We
chose to partner with ERS International because their innovative program
allowed us to responsibly recycle obsolete miners while taking meaningful steps
to achieve our carbon neutrality goals. This program allows Hut 8 to minimize
the impact of electronic waste and divert CO2 from releasing into
the atmosphere, while generating verified carbon credits approved by the
Canadian Standards Association."
Digital asset investment
fund 3iQ CoinShares Bitcoin ETF (TSX:BTCQ) has announced a strategic partnership with
BlockZero Advisors (BlockZero), a leading management consulting firm
specializing in blockchain and digital assets. This, according to the press
release, “enhances 3iQ's recently launched Outsourced Crypto Investment Office
(OCIO) program by incorporating BlockZero's expertise in delivering strategic
digital asset education and advisory services to institutions across the
globe.” Louis LaValle, Managing Director of 3iQ, commented:
"To
truly drive change in the world of digital assets, it is crucial to equip
decision makers with the knowledge and resources they need. That's why we're
thrilled to join forces with BlockZero Advisors, a leader in blockchain
strategic advisory. Our partnership delivers a complete solution for
institutions looking to manage their digital assets, providing business leaders
and key stakeholders with the insight they need to make informed decisions
about this dynamic new asset class."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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