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Crypto Corner Podcast 670: Stocks discussed: (TSXV: DMGI) (NasdaqCM: MARA) (NasdaqCM: RIOT) (TSXV: BNXA)

DMG Joins Marathon's MaraPool, Riot Reports Production and Operations Updates for August, and Banxa Holdings Announces August TTV and New Partners

 

Point Roberts, WA and Delta, BC - September 9, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/090921-CryptoMarket.mp3

Crypto Corner Podcast 670: Stocks discussed: (TSXV: DMGI) (NasdaqCM: MARA) (NasdaqCM: RIOT) (TSXV: BNXA)

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Stocks discussed: (TSXV:DMGI) (NasdaqCM:MARA) (NasdaqCM:RIOT) (TSXV:BNXA)

DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced that it has become the first Canadian Bitcoin miner to join MaraPool, the mining pool of Marathon Digital Holdings, Inc. (NasdaqCM:MARA). According to the press release, the pool "provides its members with industry leading transparency, an intuitive reporting system, and access to exclusive services from NYDIG [New York Digital Investment Group]." The CEO of DMG Blockchain, Sheldon Bennett, said:

"Marathon has consistently remained at the forefront of not only scaling but professionalizing the Bitcoin mining industry. Their mining pool, which leverages our industry-leading software, is no different. While many mining pools lack transparency and accountability, MaraPool excels at both. We believe that being the first to join shows our confidence in MaraPool, and we look forward to others joining and benefiting from MaraPool as well."

Riot Blockchain Inc. (NasdaqCM:RIOT) has reported its production and operations updates, and miner deployment status, for the month of August 2021. Highlights include the production of 441 Bitcoin (BTC) - up roughly 451 percent over August 2020, and the deployment of a fleet of 22,050 miners, with a hash rate capacity of 2.2 exahash per second (EH/s). The company expects that by the end of this month "it will have a total of 25,650 Antminers in operation, utilizing approximately 83 megawatts ("MW") of energy, with an estimated hash rate capacity of 2.6 EH/s."

Banxa Holdings Inc. (TSXV:BNXA) has reported its Total Transaction Value (TTV) numbers for the month of August 2021, as well as the signing of two new partners. The company recorded $78 million AUD ($57.5 million USD) in TTV for the month, up 275 percent over the same period last year. Banxa CEO Holger Arians said:

"It has been a couple of exciting weeks for us - barring Tuesday's BTC sell off, we've seen an overall pick up in volumes across the digital asset sector that seems likely to continue. Additionally, it is great to announce new partners coming onboard. Bityard is based in Asia Pacific and it is excellent to partner with another great company in the region. Hivelly is also now live, and is a welcome addition to the Banxa network."

Sam Mowers, Investorideas

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