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Crypto Corner Podcast 641: Stocks discussed: (TSXV: BNXA) (TSXV: DMGI) (TSXV: NDA)

Banxa Holdings Announces New Partnerships, DMG Engaged by New Client to Host 2,000 Miners, and Neptune Digital Assets Releases Update on Financial Position

 

Point Roberts, WA and Delta, BC - July 28, 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 641: Stocks discussed: (TSXV: BNXA) (TSXV: DMGI) (TSXV: NDA)

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Stocks discussed: (TSXV:BNXA) (TSXV:DMGI) (TSXV:NDA)

Banxa Holdings Inc. (TSXV:BNXA) has announced a range of new partnerships, including leading blockchain assets service platform Hoo.com, and exchanges Gate.io and LBank. Banxa's CEO, Holger Arians, said:

"We are proud to add these great platforms to the Banxa network, Gate.io, Hoo.com, and LBank are all exceptional companies and share our vision of bringing digital assets to the widest possible audience. We are focused on providing the highest conversion rates to our partners, and the best service to end-users. By partnering with Gate.io, Hoo, and LBank we can help give their customers access to the largest number of payment rails and the most robust compliance systems in the cryptocurrency market."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has been engaged by a new client to host 2,000 Bitcoin miners. Installation of all the miners is planned in the coming weeks, at DMG's 85 megawatt (MW) Data Centre at Christina Lake, BC. Sheldon Bennett, DMG's CEO, explained:

"This hosting agreement, in combination with DMG's recent purchase of 2,450 Bitcoin ASIC miners from this hosting client, is essential to executing DMG's Core Infrastructure strategy. DMG is continuing to develop its relationships with long-term hosting clients through not only hosting equipment, but also looking for ways to work together on larger future DMG growth projects to conserve our capital and decrease deployment time by having ready clients able to deploy capital quickly on our projects."

Neptune Digital Assets Corp. (TSXV:NDA) has released an update on its current financial position ahead of filing its Q3 consolidated interim financial statements for the nine-month period ended May 31, 2021. The company's total assets were $47.5 million as of May 31, 2021 - up 1,250 percent from the beginning of the year, and it is currently earning $480,000 per month. Neptune Digital's CEO Cale Moodie said:

"We are quite pleased with our revenue growth over the period and subsequent to period end. Neptune continues to operate on a very lean cash budget and earnings continue to grow as we expand our mining operations. We were very fortunate to be able to take advantage of the substantial market pullback with our newly raised capital to purchase mining rigs and crypto at a 50% discount from the top of the market."

Sam Mowers, Investorideas

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