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Crypto Corner Podcast 602: Stocks discussed: (NasdaqGS: MARA) (CSE: BIGG) (CSE: GBLC)

Marathon Publishes May Updates, Netcoins Reports Record Revenue, and Graph Blockchain to Acquire NFT Firm New World Inc.

 

Point Roberts, WA and Delta, BC - June 2, 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 602: Stocks discussed: (NasdaqGS: MARA) (CSE: BIGG) (CSE: GBLC)

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Stocks discussed: (NasdaqGS:MARA) (CSE:BIGG) (CSE:GBLC)

Marathon Digital Holdings, Inc. (NasdaqGS:MARA) has published its unaudited bitcoin (BTC) production and miner installation updates for the month of May 2021. Highlights include the production of 226.6 BTC in May, making for a total of approximately 580.5 newly minted bitcoins in 2021 so far. The company also installed 5,571 new miners in May, thereby increasing its active mining fleet to roughly 17,655 miners, which generate approximately 1.9 EH/s. Fred Thiel, Marathon's CEO, said:

"Given our current delivery schedule and the macro events affecting the global network hashrate, Marathon is particularly well positioned to scale and thrive in the current mining environment. Delivery and installation of new miners continue to progress well, and we remain on track to meet our objectives of transitioning our operations to 70% carbon neutral and having all our previously purchased miners online by the end of the first quarter of next year."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has reported all-time high revenues of about $1.95 million for the month of May. Mitchell Demeter, the President of Netcoins, said:

"Netcoins is very excited to have another record breaking revenue month in the books. The revenue growth demonstrates our customer's ongoing commitment to Netcoins as their trading platform of choice, and the platform they continuously recommend to their colleagues, friends and family. This month we welcomed a record number of new customers to trade with us, showing the true network effect of a happy customer base regularly trading the digital assets of their choice. In the month to come, we look forward to launching our mobile trading app, and continuing to serve our customers with exceptional support."

Graph Blockchain Inc. (CSE:GBLC) has entered into a non-binding Letter of Intent to acquire all of the shares of New World Inc., described in the press release as "an augmented reality art-focused NFT company that allows creators, musicians, and celebrities to have access to an NFT distribution canvas to create and sell digital art." Graph Blockchain CEO Paul Haber explained:

"One of our goals when we launched Graph into the DeFi space back in March was to position ourselves as more than just a company providing exposure to altcoins. By acquiring New World, we will be able to give our shareholders exposure to the explosive NFT market that just reached over US$2 billion in sales in the first quarter of 20211, as we continue to announce major milestones in our journey to build and diversify our DeFi business."

Sam Mowers, Investorideas

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