#CryptoCorner Episode 415: HIVE (TSXV: $HIVE.V) Completes Iceland Data Centre Updates, Galaxy Digital (TSXV: $GLXY.V) Forms Strategic Partnership with CAIS
Point Roberts, WA, Delta BC June 19, 2020 - 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 the cryptocurrency market .
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Stocks discussed: (TSXV:HIVE) (TSXV:GLXY)
HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has successfully completed updates and improvements at its green energy-powered data centre in Iceland,” resulting in a roughly 50 percent reduction in monthly facilities and operations costs and bringing the company’s Ethereum mining operations in Iceland to positive gross mining margins. Frank Holmes, Interim Executive Chairman of HIVE, said:
"As one of the largest industrial scale miners of Ethereum globally, HIVE was fortunate to receive its required share of an unexpected payout. We intend to re-invest these proceeds back into the Ethereum network by fast tracking our capital improvements in Iceland.”
Galaxy Digital Capital, the asset management affiliate of Galaxy Digital Holdings Ltd. (TSXV:GLXY), and leading alternative investment platform CAIS, have announced a strategic partnership to provide financial advisors with access to the former's investment products, along with educational resources “spanning blockchain and digital assets.” Matt Brown, CEO of CAIS, commented:
"Galaxy Digital is a best-in-class provider for blockchain and digital asset investment solutions. They're the market-leader in the institutionalization of this space, and that's why we're proud to have them as our digital assets platform partner. Because advisors are more focused than ever on learning more about digital assets, partnering with Galaxy aligns perfectly with our goal to bring improved transparency and deeper understanding to all alternative investment strategies."
The Bank of Thailand (BOT) has officially announced the development of a prototype for its planned central bank digital currency (CBDC). According to the announcement, this prototype “will be integrated with the procurement and financial management systems of the Siam Cement Public Company Limited and its suppliers developed by Digital Ventures Company Limited.” This pilot is set to start in July 2020 and finish by the end of the year, during which time it will “serve as a financial innovation that enables higher payment efficiency for businesses such as increasing flexibility for fund transfers, or delivering faster and more agile payments between suppliers.”
Sam Mowers, Investorideas
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