Point Roberts, WA and Delta, BC – August 27, 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 662: Stocks discussed: (NasdaqCM: HVBT) (TSXV: FORT) (CSE: AQUA)
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Stocks discussed: (NasdaqCM:HVBT) (TSXV:FORT) (CSE:AQUA)
HIVE Blockchain Technologies Ltd. (NasdaqCM:HVBT) has announced that its global hash rate from Bitcoin (BTC) mining will exceed 1 Exahash per second today. This follows the company’s receipt of 1,845 Bitcoin miners with a total hashrate of 172 Petahash per second in the last 24 hours. Frank Holmes, Executive Chairman of HIVE, commented:
“This is a monumental achievement for us as we continue to our goal of over 3 EX/s by the end of fiscal 2022, including the conversion of ETH, a goal which is greatly supported by today’s announcement of new miner deliveries. This achievement has been challenging because of the global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19.”
Fortress Technologies Inc. (TSXV:FORT) has released the results of its operations for the second quarter and six months period ended June 30, 2021. This includes the company’s strategic venture with Great American Mining LLC (GAM) aimed at developing and operating environmentally sustainable Bitcoin mining containers. Of the 12 of these containers already commissioned, four are actively hashing in the field producing approximately 52 PH/s. The company’s outgoing President and CEO, Aydin Kilic, commented:
“As the founder of Fortress Blockchain Corp, I am pleased to see our company evolve into a specialized ESG conscious Bitcoin miner as Fortress Technologies Inc. Additionally, it has been an honor to serve at the pleasure of this board as CEO and President. Fortress is well positioned for continued prosperity, and in my view represents an excellent value proposition for investors seeking companies that are reducing carbon footprints through their operations, or companies which mine or hold Bitcoin. The superb business experience of our board members will continue to benefit shareholders through strategic allocation of capital.”
Aquarius AI Inc. (CSE:AQUA) has entered into a letter agreement giving it the right to purchase 500 next generation Bitmain Antminer S19 Pro 110 TH/s Bitcoin Mining Rigs. A quote taken from the firm’s management on the subject reads:
“The Company has been researching opportunities related to Bitcoin Mining for over six months and is very pleased to have secured the rights contained in the Purchase Agreement. The Company believes that certain market forces have come together to make the Bitcoin Mining opportunity a timely next step.”
Sam Mowers, Investorideas
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