Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 748: #Stocks discussed: (NasdaqGS: $HUT) (OTC: $WONDF) (NEO: $SMRT.NE)

Wednesday, January 05, 2022

#CryptoCorner #Podcast 748: #Stocks discussed: (NasdaqGS: $HUT) (OTC: $WONDF) (NEO: $SMRT.NE)

#CryptoCorner #Podcast 748: #Stocks discussed: (NasdaqGS: $HUT) (OTC: $WONDF) (NEO: $SMRT.NE)

Hut 8 Shares Corporate Update, WonderFi to Acquire Bitbuy, and CoinSmart Reports Record Monthly Revenue

Point Roberts, WA, Delta BC January 5, 2022 - 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/2022/010522-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01051HUT-WONDF-SMRT.asp

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Stocks discussed: (NasdaqGS:HUT) (OTC:WONDF) (NEO:SMRT)

Hut 8 Mining Corp. (NasdaqGS:HUT) has published a corporate update. Highlights include the mining of 276 Bitcoin (BTC), the purchase of 2,505 MicroBT M30S machines from Foundry Digital, and the installation of 2,782 MicroBT M30S and M31S+ machines, all in the month of December 2021. The company’s CEO, Jaime Leverton, said:

"2021 has been a year of transformation for Hut 8, with a focus on not only rebuilding and upgrading, but future-proofing our operations. We are business-building technologists, with a focus on diversification, while keeping Bitcoin mining at our core. I have been driving innovation and transformation in the technology industry for over 20 years and have never been more excited or energized when looking forward to the year ahead."

WonderFi Technologies Inc. (OTC:WONDF) has entered into a definitive agreement to acquire First Ledger Corp., the parent company of Bitbuy Technologies Inc., the latter of which is “a leading cryptocurrency platform and the first approved crypto marketplace in Canada.” Ben Samaroo, CEO of WonderFi, commented:

"The integration of WonderFi and Bitbuy is a huge step forward in our mission of democratizing finance through easy and secure access to DeFi and crypto. A licensed marketplace serves as a crucial gateway to the digital asset economy, and facilitates a robust end-to-end, unified client experience. The integration of Bitbuy's product suite will accelerate and expand the reach and scope that WonderFi can offer to the market, and will drive long-term growth and value for the Company."

CoinSmart Financial Inc. (NEO:SMRT) has reported record preliminary unaudited monthly revenue in November 2021 of approximately $1.94 million, a seven percent increase over the previous month driven by increased trading volume. Justin Hartzman, the company’s CEO, said:

"November saw incredible volatility in the market, leading to increased revenue and a record set once again. CoinSmart thrives on the asset classes extreme volatility creating market opportunities, translating into increased trading activity amongst our client base. We are thrilled to be the marketplace of choice to facilitate such action. CoinSmart's revenue is not pegged to any one crypto asset's price which is one of the main advantages of being an ecosystem trading platform."

Sam Mowers, Investorideas

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