Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 669: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $BNXA.V) (TSXV: $NDA.V)

Wednesday, September 08, 2021

#CryptoCorner #Podcast 669: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $BNXA.V) (TSXV: $NDA.V)

#CryptoCorner #Podcast 669: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $BNXA.V) (TSXV: $NDA.V)

Bitfarms Reaches Agreement with City of Sherbrooke and Publishes Update, Banxa Holdings Announces “Takeoff with Banxa” Initiative, and Neptune Digital Expands US Operations with New Miner Order

Point Roberts, WA, Delta BC September 8, 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.

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https://www.investorideas.com/Audio/Podcasts/2021/090821-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/09081BITF-BNXA-NDA.asp

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Stocks discussed: (NasdaqGM:BITF) (TSXV:BNXA) (TSXV:NDA)

Bitfarms Ltd. (NasdaqGM:BITF) has reached an agreement with the City of Sherbrooke, Québec, Canada, to develop 96 MW of hydropower on an expedited basis. This, according to the press release, “advances the Company’s growth goals of 3 Exahash by first quarter 2022 and 8 Exahash by year-end 2022.” Emiliano Grodzki, CEO of Bitfarms, explained:

“This agreement is a ‘win-win-win’ for the City, its residents, and for Bitfarms. We regret the inconvenience to those citizens of Sherbrooke who have been affected by the noise from our Rue de la Pointe facility. We have invested considerable resources to be attentive to their expectations and are committed to meeting with them to address their concerns. Bitfarms is dedicated to social responsibility globally and within the communities in which we operate. The City of Sherbrooke is important to us, and this agreement demonstrates our desire to work with and support our local communities as we achieve our growth goals.”

Bitfarms also today published a Bitcoin (BTC) production and operations update. Highlights include the mining of 354 new bitcoins in August, and a total of 2,102 bitcoin mined for the first eight months of 2021. The company also anticipates the delivery of 7,230 Bitmain S19j Pros before the end of September. Grodzki commented:

“As we execute on our expansion plans, we are excited to surpass 2 Exahash per second in the coming months and continue to add most of our mined Bitcoin to treasury at an even faster rate than in the first half of 2021.”

Banxa Holdings Inc. (TSXV:BNXA) has announced its "Takeoff with Banxa'' Initiative revealing new branding, new additions to the global management team, and new corporate initiatives. Banxa CEO Holger Arians said:

"We've been scaling rapidly for the last 18-24 months, and it's important for us to communicate these changes to the market and our investors. We see a massive opportunity for continued and sustainable growth throughout the digital asset industry - the conversations we are having with our partners show us that we are on the right track with our development - incumbent and aspiring digital asset companies are telling us that they want greater compliance and transparency, better understanding of regulation, and stronger processes around conversion. We have positioned our business to be able to better meet these demands."

Neptune Digital Assets Corp. (TSXV:NDA) has purchased an additional set of new Antminer S19 Pro next-generation Bitcoin ASIC mining machines as part of the expansion of its US operations. Expected to be delivered in the coming months, this order is expected to produce a combined hashrate of 53,000 terahash per second (TH/s).

Sam Mowers, Investorideas

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