Vancouver, Kelowna, Delta, BC – April 19, 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 818: Stocks discussed: (NasdaqGS: HUT) (CSE: TAAL) (NasdaqCM: MIGI) (OTC: WONDF)
Hut 8 Enters Agreement to Conclude Hosting Agreement, Mawson Reports BTC Production Update for March, and WonderFi to Acquire Coinberry
Stocks discussed: (NasdaqGS:HUT) (CSE:TAAL) (NasdaqCM:MIGI) (OTC:WONDF)
Hut 8 Mining Corp. (NasdaqGS:HUT) has entered into an agreement with TAAL (CSE:TAAL) to conclude its hosting relationship and purchase 960 MicroBT Whatsminer M31S+ effective May 1, 2022. According to the press release “the ASIC miners are currently installed and running at the company’s mining facility in Medicine Hat on behalf of TAAL.” Hut 8’s CEO, Jaime Leverton, said:
“The incremental capacity will deliver an immediate hashrate benefit as ASIC miners are already on-site, installed and hashing. Over the past 18 months, we have pursued a strategy that is unique among our peer group: in addition to digital asset mining, we support clients with high performance computing, cloud hosting, and collocation services at our five Canadian data centres so they can succeed in the burgeoning Blockchain and Web 3.0 industries.”
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has shared an unaudited Bitcoin (BTC) production and operational update for March 2022. Highlights include the production of 170 Bitcoin, and an average hash rate of approximately 1.2 Exahash for the month. James Manning, the company’s CEO and Founder, said:
“March was another month of operational growth for the group – we produced a record 170 Bitcoin – the highest amount of self-mined Bitcoin in the company’s history. Our Sandersville, Georgia facility continues to grow, with 38 Modular Data Centers now deployed and online, and development on our expansion to 230 megawatts will begin later in Q2. Pleasingly, in Pennsylvania we ended the month with 16 megawatts online, a major milestone for the company as we scale up our second major Bitcoin mining facility in the USA. Lastly, turning to our rapidly expanding hosting co-location business – in March and April we expect this new business line to accelerate materially as we deploy for our major customers Celsius Mining LLC and Foundry Digital LLC. The pipeline of demand for our hosting co-location business – which adds a new revenue stream for the group – continues to grow, and we look forward to updating stockholders on this front in due course.”
WonderFi Technologies Inc. (OTC:WONDF) has entered into a definitive agreement to acquire Canadian crypto asset trading platform and licensed crypto broker Coinberry Limited. This follows WonderFi’s recent acquisition of crypto marketplace Bitbuy on March 24th, 2022. Ben Samaroo, CEO of WonderFi, said:
“This acquisition further establishes WonderFi as a leader amongst crypto companies in Canada, and along with our acquisition of Bitbuy, establishes a great framework for our expansion into global markets in 2022. As we continue our consolidation of leading licensed crypto platforms, our user count, revenue and pool of talent continues to grow.”
Sam Mowers, Investorideas
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