Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 844: #Stocks discussed: (NYSE: $BTCM) (CSE: $BIGG.C) (TSXV: $BNXA.V)

Tuesday, May 31, 2022

#CryptoCorner #Podcast 844: #Stocks discussed: (NYSE: $BTCM) (CSE: $BIGG.C) (TSXV: $BNXA.V)

#CryptoCorner #Podcast 844: #Stocks discussed: (NYSE: $BTCM) (CSE: $BIGG.C) (TSXV: $BNXA.V)

BIT Mining Completes First Closing of Bee Computing Acquisition, and BIGG Digital Assets and Banxa Report Quarterly Results

Vancouver, Kelowna, Delta, BC May 31, 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/2022/053122-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05311BTCM-BIGG-BNXA.asp

Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify

Stocks discussed: (NYSE:BTCM) (CSE:BIGG) (TSXV:BNXA)

BIT Mining Limited (NYSE:BTCM) has completed the first closing of its previously announced share exchange agreement with Bee Computing Limited. Bee computing, according to the press release, “specializes in the development and manufacture of cryptocurrency mining chips and mining machines for different cryptocurrencies,” and “has successfully mass produced over 15,000 units of supercomputing mining machines, equipped with 7-nanometer E2P chips.” Xianfeng Yang, CEO of BIT Mining, said:

"We are pleased to announce the first closing of our Bee Computing acquisition and are excited about the progress Bee Computing has made in developing and manufacturing cryptocurrency mining chips and machines. Bee Computing has a unique R&D team which continues to achieve remarkable milestones. Going forward, we plan to devote additional resources to assist Bee Computing in its development and manufacture of more mainstream cryptocurrency mining chips and machines with increasingly cost-effective performance advantages. We believe its capabilities will optimize our product offerings and further enhance our position along the blockchain industry value chain."

BIGG Digital Assets Inc. (CSE:BIGG) has reported its Q1 2022 financial results. Highlights for the quarter include a net revenue of $1.97 million CAD, a gross operating revenue of $2.5 million, and the current ownership of 575 Bitcoins (BTC). Mark Binns, CEO of BIGG Digital Assets, explained:

“Q1 2022 showed continued growth in revenue and expansion for Blockchain Intelligence Group, setting a new quarterly revenue high exceeding $500k for the first time, highlighting that our ongoing marketing program is working well. Netcoins, despite a pullback in trading volumes and revenue, exceeded industry norms for the quarter, and we believe we gained market share in Canada. Coinbase, for comparative purposes, saw a 58% decline in retail trading volume in Q1 vs Q4. Our customer base grew by 24% in Q1, and as volume and volatility returns to the market, we are very well positioned to take advantage.”

Banxa Holdings Inc. (TSXV:BNXA) has announced its January to March 2022 quarter results. Highlights include a 99 percent year-over-year (YoY) growth in revenue of $41 million USD, and $253 million USD in total transaction value (TTV) for the quarter. Banxa’s Founder and Chairman, Domenic Carosa, said:

"The March quarter results show our continued growth not just in commercial volumes but in our ambition to be the leading fiat on- and off ramp across Web3 in the most markets. Despite the recent market conditions, we've continued to deliver another positive growth period with key milestones on our roadmap reached."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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 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/ 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.