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Crypto Corner Podcast 879: Stocks discussed: (NasdaqGM: BITF) (CSE: BIGG) (CSE: BCFN) (TSX: WNDR)

Bitfarms Posts Production Update for August, BIG Renews Crypto Contract and Launches Partnerships, and WonderFi to Acquire Blockchain Foundry


Vancouver, Kelowna, Delta, BC - September 1, 2022 ( Newswire), 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 879: Stocks discussed: (NasdaqGM: BITF) (CSE: BIGG) (CSE: BCFN) (TSX: WNDR)


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Stocks discussed: (NasdaqGM:BITF) (CSE:BIGG) (CSE:BCFN) (TSX:WNDR)

Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update for August 2022. Highlights include reaching a hashrate of 3.9 EH/s online as of August 31, the mining of 534 new BTC during the month, and the near completion of energization of the company's first Argentinian warehouse. Geoff Morphy, President and COO of Bitfarms, explained:

"The initial segment of our first 50-megawatt (MW) warehouse in Rio Cuarto, Argentina, is nearing production and will be a key contributor to achieving our goal to deliver 4.2 exahash per second (EH/s) by September 30. More specifically, the first 10 MW of this warehouse is planned to be energized and start production ahead of schedule later this month, with capacity being added incrementally throughout Q4 2022. Construction at our second 50 MW warehouse in Rio Cuarto is scheduled to commence in September and expected to be completed around the beginning of Q2 2023."

Blockchain Intelligence Group (BIG), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced the renewal of its annual contract with a global crypto payments company for $270K USD. BIG also launched partnerships with two South Korean firms for market entry, with the aim of providing "leading blockchain investigation support and automated risk monitoring to South Korean law enforcement and financial services." Lance Morginn, BIG's President, said:

"Blockchain Intelligence Group helps clients get maximum business value from digital assets and the blockchain. From a major contract renewal to market entry in S. Korea, our team continues to deliver on our global expansion plans."

Blockchain Foundry Inc. (CSE:BCFN) has entered into a definitive agreement to be acquired by WonderFi Technologies Inc. (TSX:WNDR). Ben Samaroo, CEO of WonderFi, explained:

"This acquisition further solidifies WonderFi as the Canadian leader in the digital asset space. BCF is on a great trajectory with a diverse set of intellectual property, brand partnerships, and a revenue generating track-record. The current economic conditions in the crypto market have made it attractive for WonderFi to be able to acquire companies like BCF which carry the potential to compliment our core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid digital assets and a portfolio of private emerging crypto investments to WonderFi's balance sheet."

Sam Mowers, Investorideas

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