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Crypto Corner Podcast 560: Stocks discussed: (NasdaqCM: $MARA) (TSXV: $DMGI.V) (TSX: $HUT.TO) (CSE: $GBLC.C)

Marathon Launches Bitcoin Mining Pool with Tech Solutions from DMG Blockchain, Hut 8 Working with Luxor, and Graph Blockchain Deploys Capital Into Cardano

 

Point Roberts, WA and Delta, BC - March 31, 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:

https://www.investorideas.com/Audio/Podcasts/2021/033121-CryptoMarket.mp3

Crypto Corner Podcast 560: Stocks discussed: (NasdaqCM: $MARA) (TSXV: $DMGI.V) (TSX: $HUT.TO) (CSE: $GBLC.C)

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Stocks discussed: (NasdaqCM:MARA) (TSXV:DMGI) (TSX:HUT) (CSE:GBLC)

Marathon Digital Holdings Inc. (NasdaqCM:MARA) is launching North America's first Bitcoin (BTC) mining pool that is fully compliant with U.S. regulations, including anti-money laundering (AML) and the Office of Foreign Asset Control's (OFAC's) standards. As of May 1, the company will start directing 100 percent of its hashrate to the new mining pool, then on June 1, the pool will begin accepting other U.S.-based Bitcoin mining companies.

DMG Blockchain Solutions Inc. (TSXV:DMGI) has entered into a definitive license agreement to provide technology solutions for Marathon and its new Digital Currency Miners of North America (DCMNA) pool. According to the press release, "unique features of DMG's Blockseer pool technology include the ability to filter transactions to ensure AML and OFAC compliance in anticipation of impending US regulations." Merrick Okamoto, Marathon's chairman and CEO, explained:

"While institutional interest in Bitcoin is accelerating, many large funds and corporations have expressed concerns over purchasing Bitcoin that may have been tainted by nefarious actors. Our pools' initiatives are grounded on decentralization, transparency, legal compliance with U.S. rules and regulations, and independent auditability under U.S. auditing standards. While we appreciate some miners' appetite for processing transactions indiscriminately, it is our belief that as a publicly listed company based in the United States, and as one focused on enabling more institutional adoption of Bitcoin, it is our responsibility to follow U.S. regulations. We believe that such regulatory compliant mining will allow us to produce 'clean' Bitcoin, which will enable a greater number of institutions to gain exposure to this new asset class, ultimately benefiting our organization, our shareholders, and the broader network."

Hut 8 Mining Corp. (TSX:HUT) is working with Seattle-based hashrate manager Luxor Technology Corporation on hashrate best-price execution. Hut 8 has also allocated a portion of its SHA-256 hashrate to Luxor to advance its recently announced expansion into Ethereum (ETH) mining. Hut 8 CEO, Jamie Leverton, said:

"I'm excited to work with Luxor because they are innovators in the mining services industry; they continue to develop data driven products (Hashrate Index, Switch, Catalyst), are recognized for their deep understanding and insight of the industry, and Luxor is North American-based with a skilled and growing team. A pleasure to work with."

Graph Blockchain Inc. (CSE:GBLC) has deployed capital, with the allocation of $300,000, into Cardano's native token ADA, for the purpose of staking. Paul Haber, CEO of Graph Blockchain, said:

"As outlined in previous news releases, Graph believes that in 2021, there is the potential for smart contract platforms to implement solutions to facilitate mass adoption on decentralized blockchains. Cardano is widely believed to be just the project to accomplish this, and Graph is excited to add ADA, to the Company's list of supported projects."

Sam Mowers, Investorideas

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