#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $HSBC) (NasdaqCM: $RIOT) (NasdaqGS: $HUT)

 

 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $HSBC) (NasdaqCM: $RIOT) (NasdaqGS: $HUT)

 

HSBC Launches Crypto Services in Hong Kong, Riot Platforms Secures Order for Next Gen Bitcoin Miners, and Hut 8 Enters Hosting Agreement

 

Vancouver, Kelowna, Delta, BC June 26, 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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https://www.investorideas.com/Audio/Podcasts/2023/062623-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/06261HSBC-RIOT-HUT.asp

 

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Stocks discussed: (NYSE:HSBC) (NasdaqCM:RIOT) (NasdaqGS:HUT)

 

Cointelegraph reports that banking giant HSBC (NYSE:HSBC) has introduced its first local cryptocurrency services in Hong Kong. This includes making it possible for its customers to buy and sell exchange-traded funds (ETFs) based on both Bitcoin (BTC) and Ether (ETH). These specific ETFs are listed on the Stock Exchange of Hong Kong, and include CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung Bitcoin Futures Active ETF. The aim of this development is to expand local users’ exposure to cryptocurrencies in Hong Kong. Notably, the article indicates that this follows recent media reports suggesting in mid-June that the Hong Kong Monetary Authority pressured major banks to accept crypto exchanges as clients.

 

Riot Platforms, Inc. (NasdaqCM:RIOT) has entered into a long-term purchase agreement with MicroBT Electronics Technology Co., Ltd, a prominent manufacturer of Bitcoin miners with production facilities in the United States, wherein it has secured an initial order of 33,280 next-generation Bitcoin miners from the latter. Jason Les, CEO of Riot, said:

 

“These new models are among the most powerful and efficient miners ever made for Bitcoin mining and are designed and produced specifically for immersion cooling systems, such as those that will be used at our Corsicana Facility. These new miners will contribute an additional 7.6 EH/s to Riot’s self-mining capacity when fully deployed and will further enhance our already strong fleet efficiency in advance of the upcoming Bitcoin halving.”

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has entered a hosting agreement for approximately 6,400 ASIC miners previously energized at its North Bay site. The agreement, according to the press release, “includes a 3-month initial term which will renew for successive one-month periods unless terminated by either party by providing 30 days' notice.” The company’s CEO, Jaime Leverton, commented:

 

"Relocating our miners will provide us with approximately 600 PH/s of additional installed operating capacity. Once the machines are energized, our total installed hashrate will increase to approximately 3.2 EH/s."

 

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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