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Crypto Corner Podcast 732: Stocks discussed: (NasdaqCM: CLSK) (TSXV: BNXA) (TSXV: NDA)

CleanSpark Purchases Immersion Cooling Tech for Mining Facility, Banxa Files for Nasdaq Uplist, and Neptune Digital Launching DeFi Program

 

Point Roberts, WA and Delta, BC - December 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.

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Crypto Corner Podcast 732: Stocks discussed: (NasdaqCM: CLSK) (TSXV: BNXA) (TSXV: NDA)

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Stocks discussed: (NasdaqCM:CLSK) (TSXV:BNXA) (TSXV:NDA)

CleanSpark, Inc. (NasdaqCM:CLSK) has announced the purchase of immersion cooling infrastructure for its Norcross bitcoin (BTC) mining facility. According to the press release, phased installation of the technology is due to start immediately, with the first 8 MW expected to go live in February 2022. This is expected to increase bitcoin mining efficiency by 20 percent or more. Zach Bradford, CEO of CleanSpark, said:

"We are constantly seeking ways to make our operations more sustainable and productive while achieving maximum performance. Deploying an environment-friendly cooling technology that also increases the economics of our bitcoin mining operations was an obvious choice for us."

Banxa Holdings Inc. (TSXV:BNXA) has filed a comprehensive listing application with the NASDAQ Capital Market, and has reserved the ticker symbol "BNXA". The press release lists several benefits of the listing, including: increased visibility and growth, regulation and compliance for digital assets, credibility and transparency, accelerated company growth, and a raised overall profile and shareholder value. Domenic Carosa, Banxa's Founder and Chairman, said:

"The NASDAQ uplist is a natural progression for the Banxa business which has performed above my expectations since our IPO in January 2021. While we know there are several further steps that are required before being approved for uplisting to the NASDAQ, it is our intention to meet and satisfy all necessary listing requirements. We feel this uplisting enables Banxa to expand its offerings to investors who truly understand and see the value in the digital asset industry."

Neptune Digital Assets Corp. (TSXV:NDA) has announced the launch of its proprietary DeFi program bringing cutting edge innovation and a new earnings stream. The company's CEO, Cale Moodie, explained:

"DeFi represents a significant opportunity for Neptune. It allows for faster and cheaper financial transactions and services for organizations and the general public. This equates to efficient and decentralized financial services, while keeping more money in the customers pockets, when compared to existing legacy systems. We are very excited about Neptune's future in DeFi and the potential yield we can generate. This is a nascent space and, as such, we have carefully and methodically selected protocols that we trust, that are run by non-anonymous individuals and groups that have a history of success. Although DeFi is in its infancy, our program is proving to be very lucrative and we will continue to evolve in the space and maximize returns for shareholders."

Sam Mowers, Investorideas

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