Vancouver, Kelowna, Delta, BC – June 9, 2022 (Investorideas.com Newswire) 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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Crypto Corner Podcast 851: Stocks discussed: (CSE: BIGG) (CSE: LUXX) (NasdaqCM: MIGI) (NYSEAmerican: NILE) (NasdaqCM: ZEST)
Stocks discussed: (CSE:BIGG) (CSE:LUXX) (NasdaqCM:MIGI) (NYSEAmerican:NILE) (NasdaqCM:ZEST)
BIGG Digital Assets Inc. (CSE:BIGG) has announced a strategic investment of $2 million CAD in Luxxfolio Holdings Inc. (CSE:LUXX). According to the press release, Luxxfolio “was seeking a strategic partner to help fund its next phase of growth – which includes both the traditional Bitcoin (BTC) mining vertical and, more recently, an entrance into a decentralized data storage vertical.” BIGG’s CEO, Mark Binns, explained:
“BIGG is first and foremost a digital assets company – and complimentary to our holdings in crypto forensics, crypto trading and Metaverse/NFT is crypto mining – a mainstay and essential component to the digital asset economy. We believe Luxxfolio can become a global leader in sustainable crypto mining, and has established an excellent beach head operation in New Mexico with significant expansion potential. The team at Luxxfolio, led by Ken MacLean, have built deep relationships in the crypto mining community and have grown the business through multiple crypto pricing cycles.”
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has shared an ASIC Bitcoin Miner shipment, deployment and operational update. The company has received the final shipment of A1246 ASIC Bitcoin Miners, and “now has approximately 40,000 ASIC Bitcoin Miners deployed across its Self-Mining and Hosting Co-location business, operating at a combined total of approximately 3.1 Exahash across all operations.” Mawson’s Founder and CEO, James Manning, said:
“Having now received the final shipment of A1246 ASIC Bitcoin Miners from Canaan, we are now in a position to acquire new Bitcoin Miners at low prices at the appropriate time. This flexibility puts us in a solid position to take advantage of market conditions as they unfold. Our Hosting Co-location has been the focus of the current quarter, we now shift that focus to growing our Self-Mining operations sensibly.”
BitNile Holdings, Inc. (NYSEAmerican:NILE) has announced a strategic partnership and investment into Ecoark Holdings, Inc. (NasdaqCM:ZEST). Specifically, BitNile’s subsidiary, Digital Power Lending, has agreed to purchase $12 million in Ecoark preferred stock. The latter’s subsidiary, Agora Digital, in turn plans to deploy power capacity up to 78MW to power BitNile crypto miners. This would, according to the press release, “expedite BitNile’s recently announced plans to significantly expand its Bitcoin mining production capacity, including growing its number of deployed Bitcoin miners to 20,600, representing an expected mining production capacity of approximately 2.24 exahashes per second.”
Sam Mowers, Investorideas
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