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Crypto Corner Podcast 629: Stocks discussed: (NasdaqGS: HVBT) (OTC: NCTY) (CSE: DIGI)

HIVE Purchases 3,019 Miners, The9 Signs Crypto Mining Hosting Agreement with BitRiver, and DigiMax Posts Q2 Corporate Review and Q3 Outlook

 

Point Roberts, WA and Delta, BC - July 12, 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 629: Stocks discussed: (NasdaqGS: HVBT) (OTC: NCTY) (CSE: DIGI)

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Stocks discussed: (NasdaqGS:HVBT) (OTC:NCTY) (CSE:DIGI)

HIVE Blockchain Technologies Ltd. (NasdaqGS:HVBT) has announced the purchase and immediate hashing of 3,019 MicroBT WhatsMiner M30S dedicated miners. The miners boast an aggregate hash power of 264 Petahash per second (PH/s), "and will increase HIVE's overall Bitcoin operating hashrate by approximately 46%," according to the press release. This comes as part of a partnership with Foundry Digital LLC, a wholly-owned subsidiary of the Digital Currency Group (DCG) focussed on digital assets' mining and staking, that will also see HIVE "contribute its Bitcoin hashpower to Foundry USA Pool going forward." Frank Holmes, Executive Chairman of HIVE, commented:

"We are pleased to be executing on a transaction that dramatically increases our mining capacity without any logistics delays. Our entry into a North American mining pool furthers our goal of increased transparency and accountability with our partners. Mining power is shifting from east to West, and we're excited to be involved."

The9 Limited (OTC:NCTY) has signed a cryptocurrency mining hosting agreement with Russian company BitRiver through its wholly-owned subsidiary NBTC Limited. With an initial term of two years, the agreement will see BitRiver "reserve 15MW of electric capacity for The9's Bitcoin mining machine deployment." An excerpt from the press release reads:

BitRiver currently utilizes surplus hydroelectric power to operate data centers through low cost and sustainable energy that offers hosting services for cryptocurrency mining in Russia and the other regions. At present, the targeted data-center for The9's mining machines has an initial total power supply capacity of 100MW which could host more than 33,000 mining machines.

DigiMax Global Inc. (CSE:DIGI) has posted a corporate review for Q2 and an outlook for Q3. The company claims to have "emerged from Q2 of 2021 stronger than ever and is now gaining solid traction in all of the projects it has entered into," and expects to add two new revenue sources before the end of the quarter. This includes "the commencement of the Crypto Fund and the announcement of a new, non-crypto investor prediction product that utilizes similar AI technology to predict price movements."

Sam Mowers, Investorideas

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