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Crypto Corner Podcast 705: Stocks discussed: (NasdaqGM: CAN) (NasdaqCM: HIVE) (CSE: BIGG) (TSXV: LQWD) (TSXV: BNXA)

Canaan Secures Purchase for 6,500 Miners from HIVE, BIGG Invests $100K into LQwD FinTech Corp, and Banxa Holdings Reports Fiscal Year Results

 

Point Roberts, WA and Delta, BC - October 29, 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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https://www.investorideas.com/Audio/Podcasts/2021/102921-CryptoMarket.mp3

Crypto Corner Podcast 705: Stocks discussed: (NasdaqGM: CAN) (NasdaqCM: HIVE) (CSE: BIGG) (TSXV: LQWD) (TSXV: BNXA)

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Stocks discussed: (NasdaqGM:CAN) (NasdaqCM:HIVE) (CSE:BIGG) (TSXV:LQWD) (TSXV:BNXA)

Canaan Inc. (NasdaqGM:CAN) announced that it has secured a follow-on purchase order from

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) for 6,500 units of its next-generation Avalon Bitcoin (BTC) mining machines. This follows HIVE's purchases of 4,000 units and 6,400 units of Canaan's Avalon Miners in August 2021 and January 2021, respectively. HIVE's Executive Chairman, Frank Holmes, said:

"We are pleased to be building on our strategic alliances with Canaan, a leading ASIC manufacturer, to achieve our goals and drive value for our shareholders, while executing on a transaction that increases our cash flow and green mining capacity. HIVE currently has approximately 1.2 Exahash per second (EH/s) of Bitcoin mining capacity, and with this new purchase, HIVE's Bitcoin ASIC pipeline will be at 2 EH/s by December 2021, and 3 EH/s by March 2022."

BIGG Digital Assets Inc. (CSE:BIGG) has made a strategic investment of $100,000 CAD into LQwD FinTech Corp (TSXV:LQWD). The press release describes LQwD as "a Lightning Network focused company developing payment infrastructure and solutions," whose "mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin." BIGG's CEO, Mark Binns, commented:

"As the crypto market continues to mature and evolve, we believe companies like LQwD will help lead the way in infrastructure and plumbing for crypto payments. Our investment in LQwD shows our support for an established group of entrepreneurs and our continued leadership in the cryptocurrency sector."

Banxa Holdings Inc. (TSXV:BNXA) has reported its audited results for the 30th June 2021 Fiscal year. Highlights include $688 million AUD (519.3 million USD) in Total Transaction Value (TTV), an increase of 893 percent over the year prior. Company CEO, Holger Arians, said:

"These last 12 months have been fantastic, not just for Banxa's results, but for the strong results we have been able to deliver with our partners. With our expanded leadership group, additional customer success resources and new product offerings, our partners are able to offer their customers an enhanced experience, with consistently strong conversion and fulfilment results. The best news is that this is just the start, with many new product releases, team hires and local market plans still to come."

Sam Mowers, Investorideas

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