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Crypto Corner Podcast 622: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: HUT) (TSXV: DMGI) (OTC: ARBKF)

Coinbase to Open Crypto App Store, Hut 8 Provides Corporate Update, and Terra Pool Joins Crypto Climate Accord


Point Roberts, WA and Delta, BC - June 30, 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.

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Crypto Corner Podcast 622: Stocks discussed: (NasdaqGS: COIN) (NasdaqGS: HUT) (TSXV: DMGI) (OTC: ARBKF)


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Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:HUT) (TSXV:DMGI) (OTC:ARBKF)

Coinbase (NasdaqGS:COIN) has announced, through an official blog post, plans for a "crypto app store." The company aims to empower developers and give users easy access to an array of innovative apps. Coinbase CEO and Co-founder Brian Armstrong wrote:

This effort all ties back to our mission, which is to increase economic freedom in the world. Many of the most innovative use cases in crypto are being created in decentralized apps. By fully embracing this trend we can put crypto in the hands of more people around the world and thereby increase their economic freedom.

Hut 8 Mining Corp. (NasdaqGS:HUT) has provided a corporate update, which includes news of its $44.373 million USD purchase of 11,090 MicroBT M30S, M30S+ and M31S miners from SuperAcme Technology (Hong Kong) Limited. Full deployment is anticipated for December 2021, at which point a production capacity increase of 1.081 E/H is expected, bringing Hut 8's total installed capacity to approximately 2.5 E/H. The company's CEO Jaime Leverton said:

"We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis."

Terra Pool, a clean Bitcoin mining pool partnership between DMG Blockchain Solutions Inc. (TSXV:DMGI) and Argo Blockchain (OTC:ARBKF) "has joined the Crypto Climate Accord (CCA) to accelerate digital solutions that decarbonize the crypto mining and blockchain sector as a whole." Terra Pool is described, in the press release, as "the world's first Bitcoin mining pool powered exclusively by clean energy." Sheldon Bennett, CEO of DMG, said:

"DMG is committed to continued support of the Crypto Climate Accord with the introduction of Terra Pool. Additionally, using DMG's proprietary data centre management software, which is specifically designed for crypto miners as well as working with EnergyWeb, the CCA's technology partner, jointly we can scale faster and bring technical energy solutions to the industry combining industrial power tracking and bitcoin miner consumption."

Sam Mowers, Investorideas

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