Point Roberts, WA and Delta, BC – August 5, 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 647: Stocks discussed: (NYSE: JPM) (NasdaqGS: COIN) (NasdaqGM: BITF) (TSXV: DGHI)
Stocks discussed: (NYSE:JPM) (NasdaqGS:COIN) (NasdaqGM:BITF) (TSXV:DGHI)
CoinDesk reports that JPMorgan (NYSE:JPM) started pitching an in-house Bitcoin (BTC) fund to its Private Bank clients for the first time this week. According to two people familiar with the matter, the passively managed fund doesn’t have any investments from clients yet, and is being offered in partnership with NYDIG – the bitcoin arm of asset-management firm Stone Ridge.
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Bitfarms Ltd. (NasdaqGM:BITF) has provided a Bitcoin production update. Highlights include the mining of 391 new Bitcoin during July 2021, which is the company’s largest monthly production rate achieved this year. Bitfarms Founder and CEO, Emiliano Grodzki, said:
“We are proud to have added 96% of our 2021 year-to-date Bitcoin mined to our long-term inventory program. As we work to execute on our growth targets, we anticipate adding more Bitcoins to our balance sheet at a faster rate than we have in the first half of 2021.”
Digihost Technology Inc. (TSXV:DGHI) has reported its financial results for the second quarter ended June 30, 2021. Highlights include revenue from digital currency mining of $5.1 million, up 369 percent from Q2 2020. Michel Amar, CEO of Digihost, said:
“We are proud of the record top-line revenue growth, as well as gross profit from mining, achieved by Digihost during the second quarter of 2021. As a Company, we are looking forward to building on these results through the expansion of our mining capacity and strategic co-location agreements in order to continue to deliver record revenue and profit for our shareholders.”
Sam Mowers, Investorideas
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