Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Crypto Corner Podcast 589: Stocks discussed: (NasdaqGS: $TSLA) (OTC: $ARBKF) (NasdaqGS: $MSTR) (TSX: $HUT.V)

Crypto Market Goes Red Following Tesla Bitcoin Suspension, Argo Purchases Two Data Centres in Quebec, and Hut 8 Reports Q1 Results


Point Roberts, WA and Delta, BC - May 13, 2021 ( Newswire), 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 589: Stocks discussed: (NasdaqGS: $TSLA) (OTC: $ARBKF) (NasdaqGS: $MSTR) (TSX: $HUT.V)


Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqGS:TSLA) (OTC:ARBKF) (NasdaqGS:MSTR) (TSX:HUT)

The crypto market is very much in the red today, with Bitcoin (BTC) and Ether (ETH) both down over 10 percent in the last 24 hours, according to data from CoinMarketCap. This puts Bitcoin at a trading price of roughly $50,750 USD, and Ether at $3,880 USD, at press time. This plunge was undoubtedly influenced by an announcement from Elon Musk yesterday, stating that Tesla (NasdaqGS:TSLA) would no longer be accepting Bitcoin payments. An excerpt from his tweet reads:

Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.

Argo Blockchain (OTC:ARBKF) is certainly not following Tesla's example, as it announced today that it has bought two data centres in Quebec, Canada. According to the press release, "the data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the company's green mining vision." Argo CEO Peter Wall said:

"Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth."

CoinDesk reports that MicroStrategy (NasdaqGS:MSTR) purchased another $15 million in BTC, or 271 coins at an average price of $55,387 per bitcoin.

Hut 8 Mining Corp. (TSX:HUT) has reported its financial results for the first quarter ending March 31, 2021. Highlights include a record level quarterly revenue of $32.5 million CAD, up from $12.7 million in Q1 2020. Hut 8 CEO Jaime Leverton said:

"The Q1 2021 results are in and I could not be happier as we continue to strengthen and refine the Hut 8 story while creating and maintaining long-term value."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others.

About - News that Inspires Big Investing Ideas is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

The Crypto Corner is part of the Investor Ideas Membership content

The podcasts are also available on iTunes (Apple Podcasts), Audible, Spotify, Tunein, Stitcher,, iHeartRadio, Google Play Music and most audio platforms available.

Visit the Podcast page at

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Cryptocurrency Disclaimer news content is not meant to be a solicitation to buy or sell cryptocurrencies and does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an content brand

Follow us on Twitter

Follow us on Facebook

Follow us on YouTube

Download our Mobile App for iPhone and Android



Get more Bitcoin and Blockchain Investor ideas - news, articles, podcasts and stock directories