Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 604: #Stocks discussed: (NasdaqGS: $COIN) (OTC: $ARBKF) (NasdaqGS: $NCTY) (TSXV: $SCT.V)

Friday, June 04, 2021

#CryptoCorner #Podcast 604: #Stocks discussed: (NasdaqGS: $COIN) (OTC: $ARBKF) (NasdaqGS: $NCTY) (TSXV: $SCT.V)

#CryptoCorner #Podcast 604: #Stocks discussed: (NasdaqGS: $COIN) (OTC: $ARBKF) (NasdaqGS: $NCTY) (TSXV: $SCT.V)

Coinbase Adds DOGE Support, Argo Reports May Results, The9 to Acquire Montcrypto Ltd., and Skychain Closes Private Placement

Point Roberts, WA, Delta BC June 4, 2021 - 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.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/060421-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/06041COIN-ARBKF-NCTY-SCT.asp

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Stocks discussed: (NasdaqGS:COIN) (OTC:ARBKF) (NasdaqGS:NCTY) (TSXV:SCT)

Coinbase (NasdaqGS:COIN) announced in a blog post that it was now supporting Dogecoin (DOGE). The company had announced support for DOGE on its Coinbase Pro platform on Tuesday, but it is now available to buy, sell, and trade for retail investors on the Coinbase platform. At press time, Dogecoin is trading for about $0.36.

Argo Blockchain (OTC:ARBKF) has reported that it mined 166 Bitcoin (BTC) or Bitcoin Equivalent in May, which is up slightly from the 163 BTC it mined in April. This makes for a total amount mined year-to-date of 716 BTC. In terms of mining revenue, Argo reports $7.8 million for May, which is down from April’s $9.3 million, owing to a decline in trading prices.

The9 Limited (NasdaqGS:NCTY) has signed a definitive agreement to acquire Canadian clean energy crypto mining facilities firm Montcrypto Ltd., “to build a 20 MW supply of electricity in Calgary, Canada.” An excerpt from the press release reads:

Reducing carbon emissions and achieving carbon neutrality have been the consensus among most governments and enterprises in the world. The9 also proactively promotes the implementation of carbon neutrality strategies among its supply and demand chain partners. Montcrypto has a complete solution for the use of clean energy, which can efficiently convert the byproduct natural gas from oil drilling into low-cost electricity, thereby supporting the construction of carbon-neutral cryptocurrency mining facilities.

Skychain Technologies Inc. (TSXV:SCT) has arranged and closed on the first tranche of securities of a private placement with The9 Limited. Skychain plans to use proceeds from this to develop its 12 MW cryptocurrency hosting facility located in Birtle, Manitoba. The company’s CEO, Bill Zhang, said:

"The closing of this financing is a significant milestone in our Company's growth strategy. It is a great opportunity for us to meet the rapidly increasing market demand for crypto hosting services by bringing the Birtle facility into operation."

Sam Mowers, Investorideas

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