Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 799: #Stocks discussed: (NYSE: $MIGI) (CSE: $HODL.C)

Tuesday, March 22, 2022

#CryptoCorner #Podcast 799: #Stocks discussed: (NYSE: $MIGI) (CSE: $HODL.C)

#CryptoCorner #Podcast 799: #Stocks discussed: (NYSE: $MIGI) (CSE: $HODL.C)

Mawson Reports 2021 Financial Results, Cypherpunk Holdings Invests in Lucy Labs Crypto Fund, and Grayscale Investments Announces Smart Contract Platform Fund

Vancouver, Kelowna, Delta, BC March 22, 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.

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https://www.investorideas.com/Audio/Podcasts/2022/032222-CryptoMarket.mp3

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Stocks discussed: (NYSE:MIGI) (CSE:HODL)

Mawson Infrastructure Group, Inc. (NYSE:MIGI) has posted its financial results for the fourth quarter and full year ended December 31, 2021. Highlights include a Q4 revenue of $19.6 million, a full-year record revenue of $43.9 million, and the addition of 33,000 new ASIC Bitcoin (BTC) Miners making for a fleet total of over 40,000 as at 31 Dec 2021. The company’s Founder and CEO, James Manning, said:

"FY 2021 was a transformational year for our business. We significantly increased our Bitcoin self-mining operational footprint, producing a record 808 Bitcoin, increased revenue 886% to $43.9 million, increased our gross profit 2526% to $34.0 million, and posted a record $17.9 million of non-GAAP EBITDA.

We also successfully launched our Luna Squares hosting co-location business, signed a new large-scale facility in Midland, Pennsylvania and materially expanded the size of our Sandersville, Georgia Bitcoin mining facility. We also launched our first Australian facility in 2021 as well as listing on the Nasdaq late in Q3.”

Cypherpunk Holdings, Inc. (CSE:HODL) has announced an investment of $500k USD in cryptocurrency arbitrage fund Lucy Labs Flagship Offshore Fund SPC, managed by Lucy Labs GP LLC. Cypherpunk CEO Jeff Gao explained:

"Passive storage of crypto is fast becoming a thing of the past. Those investors who continue to seek exposure to bitcoin via proxies have a plethora of ETFs and listed names to choose from. That is not what Cypherhpunk is about. We offer our investors the opportunity to benefit from crypto from the lens of prudent risk management. The essence of our risk management framework is expressed through our OTC operations as well as through the performance of our strategic partners. We saw in Lucy Labs a product that provided a low volatility income stream and whose performance was largely uncorrelated with our other strategies. Their onboarding comes off the tail of an extensive due diligence process that began in Q3 2021."

Digital currency asset manager Grayscale Investments has announced the launch of Grayscale Smart Contract Platform Ex-Ethereum (ETH) Fund (GSCPxE), aimed at providing investors “with exposure to a selection of industry-leading Smart Contract Platforms through a market-capitalization weighted portfolio designed to track the CoinDesk Smart Contract Platform Select Ex ETH Index.” Grayscale CEO Michael Sonnenshein said:

“Investor demand for diversified exposure has grown in parallel to the ongoing evolution of the crypto ecosystem. Smart contract technology is critical to the growth of the digital economy, but it’s still too early to know which platform will win – from attracting and retaining the most vibrant developer communities, to ensuring the platform is high-speed, flexible, and scalable. The beauty of GSCPxE is that investors do not have to choose one winner, and instead can access the development of the smart contract platform ecosystem through a singular investment vehicle.”

Sam Mowers, Investorideas

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