Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 674: #Stocks discussed: (NasdaqGM: $CAN) (TSXV: $CSTR.V) (CSE: $LNK.C)

Wednesday, September 15, 2021

#CryptoCorner #Podcast 674: #Stocks discussed: (NasdaqGM: $CAN) (TSXV: $CSTR.V) (CSE: $LNK.C)

#CryptoCorner #Podcast 674: #Stocks discussed: (NasdaqGM: $CAN) (TSXV: $CSTR.V) (CSE: $LNK.C)

Canaan Reports Q2 Financial Results, CryptoStar Expanding Hashrate and Power Capacity in Alberta, and Link Global Starts Approval Processes for 3 Sites

Point Roberts, WA, Delta BC September 15, 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/2021/091521-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/09151CAN-CSTR-LNK.asp

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Canaan Inc. (NasdaqGM:CAN) has reported its unaudited financial results for the second quarter ended June 30, 2021. Highlights include 5.9 million Thash/s of total computing power sold – a 126.9 percent increase over the same period in 2020, and total net revenues of $167.5 million – the strongest quarterly sales in the firm's operating history. Nangeng Zhang, Chairman and CEO of Canaan, commented:

“Despite unexpected regulatory policy dynamics and Bitcoin price volatility, we achieved record-high topline results as we delivered a robust 5.9 million Thash/s of computing power to our clients. During the second quarter and recently, we also secured substantial preorders, thanks to the effective execution of our strategies, including business development in the overseas markets, institutional client relationship building, and strengthening our supply chain.”

CryptoStar Corp. (TSXV:CSTR) has announced that it is expanding its self-mining Hashrate and power capacity in Alberta, Canada. Highlights include the execution of Equipment Hosting Agreements for an aggregate mining capacity of 27 MW, expected to contribute up to $9.6 million in annual hosting and power revenues for the company, with hosting services in Alberta, Canada expected to start in Q4, 2021. CryptoStar’s President and CEO, David Jellins, said:

"We are continuing to see unprecedented levels of demand for power and hosting services from international mining organizations, and we are looking forward to taking full advantage of our power supply agreement in Alberta, Canada at amongst the lowest power rates available in North America."

Link Global Technologies Inc. (CSE:LNK) has started engineering, procurement and regulatory approvals for 30 MW for three sites in western Alberta, Canada. This will give Link and its partners “the capacity to operate over 9,000 machines, which will create a consistent revenue stream.” The company’s CEO, Stephen Jenkins, said:

"Being flexible and mobile allows us to relocate operations when deemed necessary, whether for technical, social, environmental or financial reasons. This is the case at present where three operations are expanding to five. With market conditions where they are, there is an opportunity to modify our infrastructure inventory so that we can take advantage of demand to improve cash flow and improve our financial model moving forward."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash and others.

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and the AI Eye Podcast.

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on Apple Podcasts , Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts and most audio platforms available.

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.