Point Roberts, WA and Delta, BC – May 21, 2021 (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 595: Stocks discussed: (NasdaqGS: COIN) (TSXV: BITF) (TSXV: DGHI) (TSXV: IMIN)
Stocks discussed: (NasdaqGS: COIN) (TSXV: BITF) (TSXV: DGHI) (TSXV: IMIN)
CoinDesk reports that crypto exchange giant Coinbase (NasdaqGS: COIN) is currently in talks to acquire asset management firm Osprey Funds, according to people familiar with the matter. Osprey has a fund for Ethereum alternative Polkadot (DOT1), of which Coinbase is already the custodian, as well as a Bitcoin (BTC) fund. A source said:
“There’s clearly a desire for asset management from the perspective of Coinbase.”
Bitfarms Ltd. (TSXV:BITF) has closed its previously-announced private placement of equity securities for gross proceeds of approximately $75 million CAD. According to the press release, “net proceeds of the Offering will be used by the Company principally to acquire additional miners, expand infrastructure and improve its working capital position, in support of its plans to increase its hashrate in 2021 to 3.0 EH/s, then grow to 8.0 EH/s in 2022.”
Growth-oriented blockchain technology company Digihost Technology Inc. (TSXV:DGHI) has reported the financial results for its first quarter ended March 31, 2021. Michel Amar, CEO of Digihost, commented:
“We are extremely pleased by the record financial results achieved by Digihost for the first quarter of 2021, reporting $5,910,974 of total comprehensive income for the period, an increase of 872% over the same period of last year. We are looking forward to building on these results through our commitment to expand our business in an environmentally and socially responsible way, thereby creating the momentum to continue our success during the remainder of 2021 and beyond.”
Amar went on to say:
“Our long-term vision and business strategy is to expand our operations and evolve as a leader in the blockchain technology sector. While cryptocurrency mining is one application of blockchain technology, the blockchain sector as a whole is a monumental leap forward in information transparency, security, and decentralization.”
iMining Blockchain and Cryptocurrency Inc. (TSXV:IMIN) has announced that it is set to launch a proprietary staking service for proof-of-stake blockchain platform Cardano (ADA). Khurram Shroff, Chairman of the board of directors for iMining, said:
“Cardano is an excellent way to earn passive ‘ADA’ income. As it expands its host of blockchain offerings, the Company’s strategic emphasis on its ‘HODL’ strategy and its continuous focus on expanding and diversifying its business operations is expected to generate substantial shareholder value.”
Sam Mowers, Investorideas
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