#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.V) (NasdaqGS: $HUT) (NasdaqCM: $BTBT)

 

 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (TSX: $GLXY.V) (NasdaqGS: $HUT) (NasdaqCM: $BTBT)

 

Galaxy Digital Enters Strategic Alliance with Asset Manager DWS Group, Hut 8 Posts Update on Business Combination, and Bit Digital Expands Mining Capacity

 

Vancouver, Kelowna, Delta, BC April 27, 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).

 

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Stocks discussed: (TSX:GLXY) (NasdaqGS:HUT) (NasdaqCM:BTBT)

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has entered into a strategic alliance with asset manager DWS Group with the aim of initially developing a comprehensive suite of exchange-traded products (ETPs) on certain digital assets in Europe. Steve Kurz, Global Head of Asset Management at Galaxy, explained:

 

"Galaxy's mission is to empower investors across the globe with simple and secure access to the digital asset ecosystem, through best-in-class education and institutional-grade products. By allying with DWS, one of the most successful and innovative asset management firms in the world, we are excited to enhance our ability to deliver comprehensive solutions to European investors, empowering them to tap into the vast potential and promise of blockchain technology and digital assets in a safe and convenient manner."

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has provided an update on its business combination with U.S. Data Mining Group, Inc. (dba US Bitcoin Corp (USBTC)). Once combined, the resulting company will be named "Hut 8 Corp.,” will be U.S.-domiciled, and expects to be “a large scale, publicly traded Bitcoin [BTC] miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.” Jaime Leverton, Hut 8’s CEO, said:

 

"Since announcing the transaction, we have made measurable progress on key files that will positively position New Hut to be very competitive in the market with 7.02 EH/s of self-mining capacity. In addition, we will have flexibility for growth in new fiat revenue lines of business including hosting and managed infrastructure operations, allowing us to amplify our diversification strategy, which will ultimately prove to be prescient well beyond the next halving."

 

Bit Digital, Inc. (NasdaqCM:BTBT) has finalized an agreement with Coinmint LLC for 10 megawatts of incremental hosting capacity to power its miners. Bit Digital intends to deliver approximately 3,100 miners to the facility, expecting the first tranche of miners “to be delivered to the facility and hashing by the end of April 2023, and the second tranche to be delivered and hashing by the end of July 2023.” Bit Digital CEO Sam Tabar said:

 

"We are pleased to expand our relationship with a top-tier hosting partner in Coinmint. Our hosting strategy continues to prioritize both geographic and counterparty diversification, while also placing a strong emphasis on cultivating relationships with the most reliable and efficient hosting partners. This agreement marks an important step towards our goal of approximately doubling our active hash rate through the course of 2023. The Coinmint hosting facility also utilizes energy in a zone that is predominantly hydro powered and should advance our goal for our mining operations to become entirely carbon-free."

 

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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