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Crypto Corner Podcast 598: Stocks discussed: (TSXV: BNXA) (TSXV: NDA) (CSE: BTC)

Bitcoin Briefly Breaks $40K, Banxa Reports Financial Results, Neptune Digital Enters Agreement with Luxor Technology, and Bluesky Digital Receives Approval for Mining Power Increase

 

Point Roberts, WA and Delta, BC - May 26, 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 598: Stocks discussed: (TSXV: BNXA) (TSXV: NDA) (CSE: BTC)

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Stocks discussed: (TSXV:BNXA) (TSXV:NDA) (CSE:BTC)

Bitcoin (BTC) is in the green again this morning, having risen to $40,782 USD earlier this morning, according to data from CoinMarketCap. This is the highest it has traded since last Friday (May 21). It has since pulled back a bit and is trading for around $39,150 at press time. Ether (ETH) has also seen some growth, having peaked at $2,911 this morning, and trading for about $2,730 at press time.

Banxa Holdings Inc. (TSXV:BNXA) has reported its financial results for the quarter ended March 31, 2021. In that period the company saw revenue of $21 million AUD, an increase over the $1.3 million AUD recorded in the same period of 2020. Banxa's CEO Holger Arians commented:

"We are very happy to announce these results. Over the previous three months we have been focused on improving the service and experience for our customers and expanding our capacity to service the rapidly growing demand. The industry is maturing, with greater infrastructure and interest. Our aim is to be at the forefront of this new stage of development."

Neptune Digital Assets Corp. (TSXV:NDA) has entered into a hashrate management agreement with Luxor Technology Corporation to "jointly work on hardware sourcing, mining machine hosting, and physical and virtual management of rigs, while utilizing Luxor's proprietary mining pool technologies." Neptune CEO Cale Moodie said:

"We are pleased to launch our initiative with Luxor in the United States and look to grow that relationship and our associated mining operations in the coming weeks and months. We are excited to leverage Luxor's deep expertise in Bitcoin mining, ASIC markets, hashrate management, and pool services to build a highly profitable mining program. Neptune is positioned extremely well given $40M in capital was raised towards the near-term market top and now we can secure assets at much lower prices. The market timing has worked in our favor and we reiterate to our shareholders that, in this sector, patience pays off."

Bluesky Digital Assets Corp. (CSE:BTC) has been approved for an increase of power to its primary Canadian mining facility, which is expected to enable support between an approximate 1500-2000 additional mining assets. The company's COO, Anthony R. Pearlman, explained:

"From a business perspective we smartly planned well in advance for a controlled and staged growth for our active mining presence and associated assets and this increase in capacity allows us to execute on our scale plans and realize continuing growth in our overall mining operations."

Sam Mowers, Investorideas

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