Point Roberts, WA and Delta, BC – November 8, 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 711: Stocks discussed: (NasdaqGS: ARBK) (TSXV: BNXA) (CSE: BTC)
Stocks discussed: (NasdaqGS:ARBK) (TSXV:BNXA) (CSE:BTC)
Argo Blockchain (NasdaqGS:ARBK) has published an operational update for October 2021. Highlights include the mining of 167 Bitcoin (BTC) or Bitcoin Equivalent, an increase from the 165 BTC mined in September, and making for a total amount of BTC mined year-to-date to 1,646 BTC. Mining revenue for the month reached GBP7.24 million ($9.75 million USD), also up from September’s GBP5.50 million ($7.59 million USD). The company also indicated that by the end of October, it had added an additional 220 PH/s to its total mining capacity, bringing the total mining capacity to 1.295 EH/s.
Banxa Holdings Inc. (TSXV:BNXA) has announced that its October 2021 Total Transaction Volume (TTV) results, totalling $162 million AUD ($120 million USD), are the largest it’s ever recorded. This represents a month-on-month growth of 28 percent. Holger Arians, CEO of Banxa, said:
“Speed is critical in the digital asset space and the market will continue moving at a rapid pace. In the past six months we’ve scaled our teams in anticipation of this, with expanded customer service, operations and technology resources so that we are able to fulfil more orders, and get assets to customers within minutes. In the past 12 months we’ve increased our automated throughput of purchases that require no manual intervention by 513%, allowing us to capture a greater share of the market. We’ve also focused on improving the experience of all customers, and the conversion rates of our partners.”
Bluesky Digital Assets Corp. (CSE:BTC) has provided a Bitcoin and Ethereum (ETH) mining update for the month of October. The company mined an implied and combined unaudited total of $373,790 CAD worth of cryptocurrencies in the month, comprising 2.41 Bitcoin and 42.82 Ethereum. According to the press release, the amount mined in October constitutes a company record for the start of a quarter. Bluesky’s CEO Ben Gelfand said:
“As expected, the Corporation has achieved yet another strong month from its active mining operations. We expect to increase our mining performance in the coming months and quarters.”
Sam Mowers, Investorideas
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