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Crypto Corner Podcast 880: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: HUT) (CSE: BIGG)

HIVE and Hut 8 Post August Updates, and BIGG’s Netcoins Announces US Expansion Plans


Vancouver, Kelowna, Delta, BC - September 6, 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 880: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: HUT) (CSE: BIGG)


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Stocks discussed: (NasdaqCM:HIVE) (NasdaqGS:HUT) (CSE:BIGG)

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced the production figures from its global Bitcoin (BTC) and Ethereum (ETH) mining operations for August 2022. Highlights include the production of 290.4 BTC, 3,010 ETH, and an end of month HODL balance of 3,258 BTC and 5,100 ETH. The company's Executive Chairman, Frank Holmes, said:

"In August we produced an average of 16.7 Bitcoin Equivalent per day, comprising approximately 9.4 BTC per day and our Ethereum production of approximately 97 Ethereum per day. We are pleased to note that as of today, we are producing over 9 BTC, even with last week's Bitcoin difficulty increase of almost 10%."

Hut 8 Mining Corp. (NasdaqGS:HUT) has published a production and operations update for August 2022. Highlights include the mining of 375 BTC, an installed ASIC hash rate capacity of 2.98 EH/s by the end of the month, and a total self-mined holdings of 8,111 BTC. Jaime Leverton, the company's CEO, said:

"Our team delivered very strong results across our mining and high performance infrastructure businesses in August, positioning us well for continued success. We continue to receive and install our monthly shipments of new MicroBT miners on time, while actively adding to the suite of services we offer our data centre customers."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has announced initial launch plans for operations in the US. Headquartered in Vancouver, Canada, Netcoins will base its US operations out of the state of Wyoming, and will commence in Q4 this year with the launch of its trading platform in California, Pennsylvania, Michigan and Virginia. Fraser Matthews, the President of Netcoins, said:

"Expanding our footprint into the US gives Netcoins the opportunity to become a leading Crypto platform in North America. We are focused on highly populated and crypto friendly states. Our strategy is focused on 3 key pillars: Product, Experience and Expansion. We will look to use the momentum of this launch to drive our roadmap forward in each of these areas. We look forward to going live in this exciting and competitive market while working with our partners to deliver a safe and secure proposition for our US customers."

Sam Mowers, Investorideas

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