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Crypto Corner Podcast 730: Stocks discussed: (NasdaqGS: HUT) (NasdaqCM: BTBT) (TSXV: BNXA)

Hut 8 Signs Agreement with Foundry Digital, Bit Digital Joins Bitcoin Mining Council, and Banxa Announces Record TTV for November

 

Point Roberts, WA and Delta, BC - December 7, 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/2021/120721-CryptoMarket.mp3

Crypto Corner Podcast 730: Stocks discussed: (NasdaqGS: HUT) (NasdaqCM: BTBT) (TSXV: BNXA)

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Stocks discussed: (NasdaqGS:HUT) (NasdaqCM:BTBT) (TSXV:BNXA)

Hut 8 Mining Corp. (NasdaqGS:HUT) has signed an agreement with Foundry Digital LLC to purchase 2,505 MicroBT M30S machines that are currently installed at the former's site in Medicine Hat, Alberta, Canada under a hosting arrangement between the two firms. Hut 8's CEO Jaime Leverton said:

"We are excited to add incremental capacity stemming from the Foundry purchase to our self-mining operation, especially given the fact that the equipment is already on-site and hashing. The combination of the recently deployed NVIDIA CMPs and the MicroBT M30S miners from Foundry serves to enhance both the scale and efficiency of our self-mining operations and adds momentum to our machine installations. We value our ongoing strategic relationship with Foundry and will continue to explore new partnership opportunities with them going forward."

Bit Digital, Inc. (NasdaqCM:BTBT) has become a member of the Bitcoin Mining Council (BMC), described in the press release as "a voluntary and open forum of Bitcoin [BTC] mining companies and other companies in the Bitcoin industry committed to the Bitcoin network and its core principles." The company's CEO, Bryan Bullet, commented:

"We are thrilled to join the Bitcoin Mining Council and be part of its important mission to promote sustainable energy use and industry transparency. At Bit Digital we are dedicated to continuously enhancing the sustainability of our operations, and the larger bitcoin network. Joining the Bit Mining Council acts in furtherance of our commitment to sustainability."

Banxa Holdings Inc. (TSXV:BNXA) has announced that its November 2021 TTV (total transaction volume) results are the largest ever recorded. The company recorded $245 million AUD ($143 million USD) in TTV, representing a year-on-year increase of 642 percent for the month of November. Banxa's CEO, Holger Arians, said:

"I am excited to see the result of the team's hard work over the past few months. We have increased our capacity and service levels to new heights. With a strong operational foundation, we are able to scale much more efficiently into the future. We firmly believe that we are still at the very beginning of our journey in this industry. We do see strong indicators for future growth on various fronts."

Sam Mowers, Investorideas

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