Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 714: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NasdaqGM: $BITF)

Thursday, November 11, 2021

#CryptoCorner #Podcast 714: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NasdaqGM: $BITF)

#CryptoCorner #Podcast 714: #Stocks discussed: (NasdaqGS: $COIN) (NasdaqGS: $HUT) (NasdaqGM: $BITF)

Coinbase Partners with Esports Organization Team Liquid, Hut 8 Shares Financial Results, and Bitfarms Acquires Hydro Power Farm in WA

Point Roberts, WA, Delta BC November 11, 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/2021/111121-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/11111COIN-HUT-BITF.asp

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Stocks discussed: (NasdaqGS:COIN) (NasdaqGS:HUT) (NasdaqGM:BITF)

Cointelegraph reports that Coinbase (NasdaqGS:COIN) has partnered with Team Liquid, an “esports and gaming organization operating across major titles including League of Legends and Fortnite.” Team Liquid has signed a four-year agreement with Coinbase aimed at highlighting “the crossover between gaming and crypto-curious audiences” as well as creating new seemingly crypto-focused content. Team Liquid owner and co-CEO Steve Arhancet said:

“Like a lot of our fans, crypto was new to me once, but once I started reading and watching, I realized that it wasn’t some passing fad — it’s here now, and will be in the future. Together with Coinbase, we hope we can demystify crypto for Team Liquid fans.”

Hut 8 Mining Corp. (NasdaqGS:HUT) has shared its financial results for the quarter ending September 30, 2021. For Q3 the company boasts its third consecutive record quarterly revenue, with $50.3 million CAD and the mining of 905 Bitcoin (BTC). Shane Downey, Hut 8’s CFO, said:

"The third quarter of 2021 proved to be another exciting and dynamic step forward for Hut 8. We are thrilled to have reported our third consecutive record-breaking quarterly results and to have already surpassed our goal of 5,000 Bitcoin held in reserve. Further, we have achieved an important milestone with final delivery of all 10,000 NVIDIA chips. Throughout early weeks of operation, these cutting-edge GPUs have proven to be highly efficient, mining at a total cost of under $3,000 per Bitcoin, delivering margins of approximately 95%."

Bitfarms Ltd. (NasdaqGM:BITF) has acquired a 24 Megawatt (MW) hydro power farm in the U.S. state of Washington. According to the press release, the company “plans to house approximately 6,200 Bitmain S19j Pro miners, capable of 620 PH/s, in the facility.” Emiliano Grodzki, CEO of Bitfarms, explained:

“Bitfarms strategy is to expand our operating footprint while maintaining cost effective production rates. By diversifying our decentralized mining portfolio, we prioritize locations with cost-effective electricity that allow for further growth and expansion. The Washington farm meets all these criteria. With this acquisition, we enter the United States and continue our global expansion to 10 farms in operation or under development in four countries. The initial 24 MW acquisition will increase our total mining capacity to 106 MW and boost our total hashrate as additional miners are installed.”

Sam Mowers, Investorideas

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