Crypto Corner Podcast 739: Stocks discussed: (NasdaqGM:SDIG) (TSXV:BNXA) (NasdaqCM:EQOS)
Stronghold Digital Acquiring 9,080 Bitcoin Miners, Banxa Partners with Ledger, and EQONEX Changes Strategic Direction with CEO Replacement
Point Roberts, WA and Delta, BC - December 20, 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 739: Stocks discussed: (NasdaqGM: SDIG) (TSXV: BNXA) (NasdaqCM: EQOS)
Stocks discussed: (NasdaqGM:SDIG) (TSXV:BNXA) (NasdaqCM:EQOS)
Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has entered into four separate agreements to acquire 9,080 Bitmain and MicroBT Bitcoin (BTC) miners since the release of its third quarter 2021 earnings release on November 30, 2021. According to the press release, these miners boast an aggregate hash rate capacity of approximately 826 petahash per second (PH/S). The company's CEO, Greg Beard, said:
"During our third quarter earnings call, we told our investors that we would continue to opportunistically procure miners from a variety of sources, as dictated by expected return profile and available capacity, and that is what we did over the last two weeks. We believe these miner purchases further our rapid growth strategy, and the near-term delivery schedules for the open-market purchases enhance expected return profiles and mitigate timing risk. Additionally, the expansion of our profit share arrangement demonstrates our ability to creatively structure partnerships with industry leaders with a return profile that we believe is extremely attractive. These purchases also highlight one of the key benefits of our low-cost, vertically integrated business model: we have access to power and capacity to plug in miners."
Banxa Holdings Inc. (TSXV:BNXA) has announced a partnership with hardware wallet provider Ledger. This will enable customers to "access Banxa's global payments network through the Ledger Live app, opening up a wide variety of payment options for purchasing crypto on their Ledger Nano hardware wallets." Banxa's CEO, Holger Arians, said:
"Buying and storing digital assets has never been easier or safer through the coupling of the Banxa platform and Ledger hardware wallet. This new partnership expands Ledger customers' payment options providing greater flexibility and opportunity. As the crypto market continues to skyrocket, breaking down barriers to access and security are vital for consumers and businesses in the industry."
EQONEX Limited (NasdaqCM:EQOS) has revised its strategic direction, with its Board of Directors announcing today that Richard Byworth would be stepping down from the position of CEO, effective immediately. The company's COO, Andrew Eldon, will take his place as interim CEO, and will be joining the Board. EQONEX's Chairman, Chi-Won Yoon, said:
"We are actively progressing strategic opportunities we believe will be transformational to our business. Andrew has a clear understanding of our mission and will bring considerable energy and experience to his expanded role. Andrew's focus in the short-term will be on operational execution, ensuring EQONEX delivers on existing plans and maximises current opportunities."
Sam Mowers, Investorideas
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