Point Roberts, WA and Delta, BC – July 30, 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 643: Stocks discussed: (NasdaqGS: MSTR) (NasdaqGS: HVBT) (NYSE: MA) (NasdaqGS: PYPL)
MicroStrategy Incorporated (NasdaqGS:MSTR) published its second quarter 2021 financial results, reporting $2.051 billion in digital assets held as of June 30, 2021. The company’s CEO, Michael Saylor, commented:
“We continue to be pleased by the results of the implementation of our digital asset strategy. Our latest capital raise allowed us to expand our digital holdings, which now exceed 105,000 bitcoins [BTC]. Going forward, we intend to continue to deploy additional capital into our digital asset strategy.”
HIVE Blockchain Technologies Limited (NasdaqGS:HVBT) has announced that filing of its statements for the financial year ended March 31, 2021 has been delayed due to “operational and reporting challenges associated with the consolidation of the 5 countries that the Company operates in: Sweden, Canada, Switzerland, Bermuda, and Iceland.” An excerpt from that same press release, however, provides some insight into the company’s Swedish operation and Ethereum (ETH) mining:
This reorganization of our Swedish operation, which is where most of our GPU mining operations are located, will provide a better corporate structure as we move into high performance computing (HPC) cloud hosting. In the future, HIVE will use its high-end GPUs, which currently mine Ethereum, to provide HPC cloud hosting for tasks that require substantial GPU processing power, such as simulations, AI, machine learning, and gaming. This shift to cloud HPC hosting will depend on the timing of the launch of Ethereum 2 (Eth2), which is a planned upgrade to Ethereum that is expected to make mining ETH obsolete.
“What we believe we do is bring a perspective to the market as a multrail payment provider. We have to be in this space because people are looking for answers.”
“Yeah, well, we continue to be really pleased with the momentum we’re seeing on crypto. […] We’re going to launch, hopefully, maybe even next month in the U.K., open up trading there.”
Sam Mowers, Investorideas
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