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Crypto Corner Podcast 758: Stocks discussed: (NasdaqGS: HUT) (TSX: TGO) (CSE: BIGG) (TSXV: DMGI)

Hut 8 to Purchase Data Center Business from TeraGo, BIGG Shares Update on Blockchain Intelligence Group, and DMG Blockchain Publishes Annual Review for 2021

 

Point Roberts, WA and Delta, BC - January 20, 2022 (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/2022/012022-CryptoMarket.mp3

Crypto Corner Podcast 758: Stocks discussed: (NasdaqGS: HUT) (TSX: TGO) (CSE: BIGG) (TSXV: DMGI)

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Stocks discussed: (NasdaqGS:HUT) (TSX:TGO) (CSE:BIGG) (TSXV:DMGI)

Hut 8 Mining Corp. (NasdaqGS:HUT) has entered into a definitive agreement to purchase the cloud and colocation Data Center Business from TeraGo Inc. (TSX:TGO) This Data Center Business comprises five data centers across Canada with existing saleable power capacity of 4.1 MW, and a further 1.5 MW of expansion capacity. Hut 8's CEO Jaime Leverton explained:

"As a team of Bitcoin [BTC] and blockchain bulls, we are thrilled with the transformative growth opportunity this investment provides Hut 8. The acquisition of this complementary business diversifies Hut 8's operations with a discrete, steady cash flow, that is uncorrelated to digital asset mining. This acquisition also puts us at the forefront of the accelerated digitization of industry, establishing us as the bridge between traditional and nascent iterations of high-performance computing. Our unconventional approach to revolutionizing conventional assets serves to drive Hut 8's growth, innovation and market share in the high-performance computing, blockchain, and Web 3.0 industries."

BIGG Digital Assets Inc. (CSE:BIGG) has shared a full corporate update and 2022 outlook for its cryptocurrency compliance and intelligence subsidiary, Blockchain Intelligence Group. Lance Morginn, the company's President, said:

"Blockchain Intelligence Group is winning more competitive bid situations. On numerous occasions in 2021 clients said they picked Blockchain Intelligence Group for its quality of data and attribution for nefarious addresses. We have said from day one, our growth begins with the quality of our data, granularity of information, and timeliness of attribution. We also hear how easy our services are to use and understand. Our team has done an excellent job developing what the industry is calling best-in-class forensic tools with an unparalleled user experience. I am excited about what the future holds as being one of the global thought leaders in cryptocurrency intelligence and analysis."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has published its Annual Review for 2021. Highlights include the mining of 66.71 BTC for the year, the addition of 441 S19J Pro miners, and the addition of 45 Ph/s of hashrate. Sheldon Bennett, the company's CEO, said:

"2021 was a monumental year for DMG! We launched a clear strategy which was communicated through two initiatives - Core and Core+. Building strategic partnerships with the likes of Argo, Zodia, Brane and Bosonic, to name a few, put DMG at the forefront of industrial mining operations and software. The Company has secured 1 exahash of mining equipment through purchase orders (with Bitcoin miners delivered throughout 2022) as well as successfully launched our first bitcoin mining pool with a second pool soon to become public. Looking back, the Company's achievements will be a springboard for a banner growth year in 2022."

Sam Mowers, Investorideas

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