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Crypto Corner Podcast 881: Stocks discussed: (NasdaqGS: ARBK) (NasdaqCM: MIGI) (NasdaqCM: CLSK) (TSXV: BNXA)

Argo Blockchain Enters Strategic Hosting Agreement, Mawson Infrastructure to Sell Mining Facility to CleanSpark, and Banxa Outlines US Expansion


Vancouver, Kelowna, Delta, BC - September 9, 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.

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022:

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Crypto Corner Podcast 881: Stocks discussed: (NasdaqGS: ARBK) (NasdaqCM: MIGI) (NasdaqCM: CLSK) (TSXV: BNXA)


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Stocks discussed: (NasdaqGS:ARBK) (NasdaqCM:MIGI) (NasdaqCM:CLSK) (TSXV:BNXA)

Argo Blockchain (NasdaqGS:ARBK) has entered into a strategic hosting services agreement with an undisclosed third party, wherein it will "host and operate mining machines owned by the said third party at its Helios facility in Dickens County, Texas." This includes a provision to provide the latter with as much as 32 MW of power capacity -; "enough electricity to power more than 10,000 mining machines." Argo also announced the mining of 235 Bitcoin (BTC) or Bitcoin Equivalents, an increase from the 219 Bitcoin or Bitcoin Equivalents mined in July 2022. Peter Wall, the CEO of Argo, said:

"The increase in BTC mined this month reflects the hard work put in by our operations team. The new Bitmain SJ19 Pros are already showing great promise, and we look forward to unlocking their full potential in the coming months as we complete their installation. Additionally, we are excited about our strategic hosting agreement, which enables us to utilize excess capacity at Helios and further increase our hashrate."

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced a definitive agreement with CleanSpark, Inc. (NasdaqCM:CLSK) to sell its Sandersville, Georgia Bitcoin Mining Facility, and 6,468 ASIC Bitcoin Miners to CleanSpark for up to a maximum total purchase price of $42.5 million. CleanSpark's CEO Zach Bradford, commented:

"We are pleased to welcome Mawson's Sandersville site and its operating teams into the CleanSpark family. The site is nothing but impressive-well-run by over 20 dedicated professionals who have taken significant pride in the design, development, and maintenance of the site. We are enthusiastic about Georgia and believe that our expansion there will continue to build value for our shareholders and the communities we operate in throughout Georgia."

Banxa Holdings, Inc. (TSXV:BNXA) has announced its acceleration into the US market. The press release cites key developments for the expansion, such as the activation of US local acquiring (domestic card processing), the availability of comprehensive payments coverage, and the acquisition of 40 total Money Transmitter Licenses (MTLs). Banxa CEO Holger Arians said:

"Since the company's founding in 2014, Banxa has taken the long view, focusing on mastering and simplifying the complexity of payments, conversions, compliance, and regulations for crypto and Web3. I am as confident as ever in Banxa's future and look forward to our continued growth-especially as we continue to build our presence in the United States."

Sam Mowers, Investorideas

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