Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 675: #Stocks discussed: (NYSE: $AMC) (NasdaqGS: $HUT) (CSE: $GBLC.C)

Thursday, September 16, 2021

#CryptoCorner #Podcast 675: #Stocks discussed: (NYSE: $AMC) (NasdaqGS: $HUT) (CSE: $GBLC.C)

#CryptoCorner #Podcast 675: #Stocks discussed: (NYSE: $AMC) (NasdaqGS: $HUT) (CSE: $GBLC.C)

AMC to Accept Altcoin Payments at US Theaters and Concessions, Hut 8 Announces Pricing of Public Offering, and Graph Blockchain Plans to Spin-Off Three of its Businesses

Point Roberts, WA, Delta BC September 16, 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/2021/091621-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/09161AMC-HUT-GBLC.asp

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Stocks discussed: (NYSE:AMC) (NasdaqGS:HUT) (CSE:GBLC)

AMC Entertainment Holdings, Inc. (NYSE:AMC), which earlier in August this year announced that it will begin accepting Bitcoin (BTC) payments for movie tickets in the U.S. and concession orders online "by the end of the year," will also accept some altcoins, according to a tweet from CEO Adam Aron. The full tweet reads:

Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH].

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced the pricing of its previously announced underwritten public offering in the United States and Canada, selling the underwriters 17,550,000 common shares at $8.55 USD per share for total gross proceeds to the company of $150,052,500. According to the press release, these proceeds “will be used to support the growth of its business including to fund capital investments in digital assets mining equipment to increase mining capacity, for working capital and other general corporate purposes and potentially for strategic partnerships, joint ventures, or acquisitions.”

Graph Blockchain Inc. (CSE:GBLC) has announced its intention to spin off three of its businesses into two independent publicly traded entities through a share dividend to its shareholders. Graph intends to spin off Optimum Coin Analyser Inc. “as a stand-alone company focused on software for crypto traders,” and Babbage Mining Corp. will be combined with Beyond the Moon Inc. “and spun out as a standalone altcoin and IDO focused company.” This will leave Graph to focus exclusively on Non-Fungible Tokens (NFTs) with New World Inc. CEO Paul Haber said:

"The Company considers DeFi to be such a diverse sector that we believe our shareholders are best served by owning three pure play companies. We believe that the best possible path to unlock equity value is to create three independent companies that are each well-equipped to capitalize on growth trends in their sectors.”

Sam Mowers, Investorideas

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