Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 772: #Stocks discussed: (NasdaqCM: $CLSK) (NasdaqGS: $EBON) (CSE: $BIGG.C)

Thursday, February 10, 2022

#CryptoCorner #Podcast 772: #Stocks discussed: (NasdaqCM: $CLSK) (NasdaqGS: $EBON) (CSE: $BIGG.C)

#CryptoCorner #Podcast 772: #Stocks discussed: (NasdaqCM: $CLSK) (NasdaqGS: $EBON) (CSE: $BIGG.C)

CleanSpark Shares Q1 Financial Results, Ebang Announces Approval for Digital Exchange in Australia, and BIGG Digital Assets Makes Investment in TerraZero Technologies

Vancouver, Kelowna, Delta, BC February 10, 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/2022/021022-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/02101CLSK-EBON-BIGG.asp

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NasdaqCM:CLSK) (NasdaqGS:EBON) (CSE:BIGG)

CleanSpark, Inc. (NasdaqCM:CLSK) has shared its financial results for the three months ended December 31, 2021 (Q1 of FY2022). Highlights include quarterly revenues of $41.2 million and a net income of $14.5 million. The company’s Chief Financial Officer, Gary A. Vecchiarelli, said:

“Our strong financial results are evidence of the operating leverage of our business model. Gross margins remain high at almost 80%, and much of that profitability translates to the bottom line as we saw $14.5m of net income and $24.1m of Adjusted EBITDA, which represents net margins of approximately 35% and 58%, respectively. CleanSpark also has zero long-term debt, and we will be looking to use our strong balance sheet and operating cash flows as a springboard for future growth expansion.”

Ebonex Australia, a wholly-owned subsidiary of Ebang International Holdings Inc. (NasdaqGS:EBON), has announced that it has received registration approval from Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange as of December 3, 2021. Dong Hu, Ebang’s Chairman and CEO, commented:

“We consider Australia a major financial hub and recognize its significant influence in the global market; therefore, receiving the DCE approval is of great importance to us. Our cryptocurrency exchange project team, which consists of senior industry technical experts, has been developing and testing the cryptocurrency exchange tirelessly, and we anticipate that the exchange will be introduced to the market in the near future. We are confident that the DCE approval will add substantial value to our business growth and believe this latest approval is the most recent milestone in the Company’s transformation into a diversified and vertically integrated blockchain company with comprehensive involvement in the value chain of the blockchain industry. We will continue leveraging our technological strengths to contribute to the development of the cryptocurrency exchange business.”

BIGG Digital Assets Inc. (CSE:BIGG) has made a strategic investment of $9.8 million CAD in TerraZero Technologies Inc. for 14 million common shares and 2 million warrants, making for a total investment of $10 million in the latter. According to the press release, TerraZero aims “to Develop, Acquire, and Finance the Metaverse’s most promising companies, entrepreneurs, and developers.” Dan Reitzik, TerraZero’s CEO, explained:

“We are thrilled to welcome BIGG as a major shareholder in TerraZero. Mr. Binns and his team support our vision, and with their investment, we can accelerate the launch of our proprietary technologies, and continue the growth of our studio business supporting clients including Atlantic Records, a Fortune 500 beverage brand, and other global brands in their quest to enter the Metaverse economy in a meaningful way. All land, buildings, storefronts, wearables, and just about everything in the Metaverse, is secured as a digital asset NFT on a blockchain. As such the Metaverse is a natural expansion for BIGG Digital Assets.”

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.