#Energy #Stocks in the News: Foothills Exploration (OTC: $FTXP) @Foothills_FTXP Starts Geochemical Survey of Wind River Basin Properties

#Energy #Stocks in the News: Foothills Exploration (OTC: $FTXP) @Foothills_FTXP Starts Geochemical Survey of Wind River Basin Properties

 

LOS ANGELES, CA – October 8, 2021 – (Investorideas.com newswire and Oilandgasstocknews.com) Breaking oil and gas stock news – Foothills Exploration, Inc. (OTC: FTXP), an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow, announced today that it has engaged Geochemical Insight to execute a geochemical survey on a portion of the Company’s acreage in the Beaver Creek East (“BCE”) project located in Fremont County, Wyoming.

 

Read this news, featuring FTXP in full at https://www.investorideas.com/news/2021/energy/10081FTXP-Wind-River-Basin.asp

 

The Company is actively engaged in the last stage of its geological and geophysical delineation for its first drilling target in the BCE prospect, which has the potential to produce from several formations. The initial drilling program will have multiple objectives in a stacked-pay environment. The Company has identified nine different formations for its proposed exploration program. The geochemical survey will begin on October 9, 2021, and the sampling, analysis and reporting of the data is expected to take approximately six weeks to complete.

 

Geochemical Survey

The BCE geochemical survey will be conducted in Townships 33N and 34N 95W in Fremont County about 15 miles southeast of Riverton, Wyoming. The objective of the survey is to document the location of oil and gas seeps over the surveyed area in order to (i) reduce exploration risk for oil and gas by focusing drill targets on areas with hydrocarbon seeps and (ii) provide baseline environmental data of natural hydrocarbon seeps.

 

A total of 194 soil samples will be collected at 1/6-mile (~268 meters) intervals along 4- to 5-mile-long lines spaced 3,300 feet apart (~1 kilometer). All soil samples will be collected on foot off access roads. The samples will initially be analyzed for acid-extractable C1 through C4 hydrocarbons and samples with anomalous thermogenic C2+ hydrocarbons will be analyzed by Synchronous Scanned Fluorescence to look for aromatic hydrocarbon compositions indicative of condensate, light oil and heavy oil seeps.

 

Wind River Basin Wyoming Beaver Creek East Unit

The Company is developing a 16,387-acre multi-stacked pay Exploration Development Area in Fremont County, Wyoming, which is highly prospective for oil and natural gas. A third-party engineering report of the Company’s interest in the 16,387 acres located in the Wind River Basin, Wyoming, known as the Beaver Creek East Project, indicates Prospective Resources of approximately 21 million barrels of undiscovered oil, with a PV-10 value of $372 million (after risk).

 

Foothills’ acreage is in this large undrilled area and is along the eastern flank of a deeper sub basin in the Wind River Basin proper. Here a deep structural deposit called the Beaver Creek field has produced approximately 73.3 million barrels of oil and 934,781,606 MCF of gas. The Big Sand Draw field, updip to the south, has produced 62.0 million barrels of oil and 256,678,537 MCF of gas from multi-pay horizons. These are generally in the Frontier, Muddy, Dakota, Lakota, Morrison, Phosphoria, Tensleep and Madison formations.

 

About Geochemical Insight

 

Geochemical Insight is a Colorado-based company that turns multi-component geochemical data into information integrated with geological and geophysical data to reduce risk in petroleum, helium, hydrogen and mineral exploration. Geochemical Insight has designed, implemented and interpreted geochemical exploration surveys for the petroleum and mining industries since 2007. Emphasis is placed on linking surface seeps with reservoir fluids using forensic geochemical tools with the ultimate goal of reducing exploration risk. They are contracted by clients to help:

• Focus on leasing, seismic and drilling
• Determine if targets contain petroleum, helium and/or water
• Evaluate oil-field brines for lithium potential
• Identify by-passed or deeper production
• Map reservoir trends and sweet spots
• Estimate light moveable oil quantities in shale reservoirs

 

For additional information please visit www.geochemicalinsight.com.

 

About Foothills Exploration, Inc.

Foothills Exploration, Inc. (“FTXP” or the “Company”), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.

 

Forward-Looking Statements

All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," “possible,” "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.

 

Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP’s filings with the OTC Markets for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Investor Contact

Christopher Jarvis

EVP of Finance

(800) 204-5510

ir@foothillspetro.com

 

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Investor Ideas #Potcasts 607, #Cannabis News and #Stocks on the Move; (Nasdaq: $HITI), (CSE: $FFNT.C), (OTCQX: $AAWH), (TSXV: $KHRN.V), (CSE: $DELC.C)

 

Investor Ideas #Potcasts 607, #Cannabis News and #Stocks on the Move; (Nasdaq: $HITI), (CSE: $FFNT.C), (OTCQX: $AAWH), (TSXV:  $KHRN.V), (CSE: $DELC.C)

 

Delta, Kelowna, BC, October 7, 2021 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/100721-StocksToWatch.mp3

 

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Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast we look at a few public company announcements.

 

4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), a vertically-integrated, multi-state cannabis operator and retailer, today announced that it has signed definitive agreements on October 6, 2021, to acquire New England Cannabis Corporation, a best-in-class cannabis cultivator, with state-of-the-art facilities based in Holliston, Massachusetts. Upon closing, the Transaction is expected to be significantly accretive to the Company's EBITDA expectations for 2022 and will immediately scale 4Front's presence as a dominant wholesaler and producer in the State.

 

Massachusetts' competitive adult-use cannabis market is rapidly growing and 4Front has

already introduced its full suite of popular brands in the State which have achieved wide-scale consumer support. The Company expects the acquisition of NECC to significantly expand 4Front's strategic position and enable broader market penetration of 4Front's diverse range of low-cost, high-quality products and brands.

 

As a technological leader within the industry and one of the newest independent cannabis companies in Massachusetts, NECC's fully operational 55,000 sq. ft. licensed cultivation facility strengthens 4Front's expanding footprint in this important limited-license state. The Transaction will more than double 4Front's total flower canopy in Massachusetts to over 30,000 sq. ft, with further expansion potential for up to an additional 10,000 sq. ft. of canopy, and will approximately triple 4Front's kitchen, processing and distribution space. The NECC facility will supplement the products sold through 4Front's existing "Mission" dispensaries and further strengthen the Company's presence in the Massachusetts wholesale market.

 

"The acquisition of New England Cannabis reinforces our core thesis of bringing scaled, low-cost production and operational depth to attractive, nascent, adult-use cannabis markets" said Leo Gontmakher, Chief Executive Officer of 4Front. "The addition of NECC's impressive operations will increase our canopy, kitchen capacity, and add to our extraction capabilities overnight, greatly bolstering our position in the Massachusetts market  to become a leading wholesaler of our full suite of products and brands. This acquisition firmly anchors our foothold in the Northeast, and NECC's state-of-the-art facility will help to drive our growth in the years ahead as we execute on our goal of achieving dominant market share in every geography we operate. I look forward to working with NECC's seasoned team and leveraging their extensive operational experience as we continue to scale."

 

Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically-integrated cannabis operator, and Edie Parker, a luxury fashion brand known for its vintage-inspired clutches and handbags, today announced the debut of Flower by Edie Parker pre-rolls in Massachusetts. In May, AWH and Edie Parker announced an exclusive wholesale licensing agreement to bring Flower by Edie Parker products to emerging adult-use markets in Massachusetts and Illinois. The coveted West Coast brand first expanded beyond California earlier in March by launching sales in Colorado.

 

Flower by Edie Parker is now available at AWH's flagship Boston location at 272 Friend St and became available statewide via AWH's distribution network on October 3rd. By early November, patients and consumers in Illinois will also be able to purchase Flower by Edie Parker pre-rolls at all eight of AWH's retail locations. Elegantly packaged and sold in new 'Best Buds' twin packs of 0.5 gram pre-rolls, customers can choose from three distinct offerings including:

●        Early Bird, a sativa product featuring a light and creative flavor that pairs well with morning hike or mid-afternoon coffee.

●        Happiest Hour, a hybrid product that's party perfect, ideal for hanging with friends or a night out dancing.

●        Nightcap, an indica perfect for evening or any relaxation ritual.

 

"Edie Parker's brand is known for its elegant aesthetic and devotion to delivering top-notch cannabis products and accessories," said AWH Founder and CEO Abner Kurtin. "We believe Edie Parker will elevate and expand the selection at AWH stores, enticing new customers and delighting returning ones. Bringing this exceptional West Coast brand out East is part of our ongoing strategy of developing deeper relationships with customers in our existing markets, and we are excited to bring Edie Parker's products to this increasingly sophisticated audience."

 

In addition to debuting its pre-rolls in Massachusetts and Illinois, Edie Parker will offer a curated assortment of the brand's vibrant and artisanal cannabis accessories wherever their products are sold and plan to launch a number of brand activations at AWH stores over the next month.  AWH pop-ups will include Edie Parker's acclaimed branding featuring imagery, banners and whimsical activations similar to the brand's most recent New York Fashion Week event.

 

"Our brand is all about celebrating cannabis with others, and we are thrilled to share our distinctive line of products with two new communities of consumers," said Brett Heyman, Founder of Flower by Edie Parker. "The idea behind our Best Buds pre-rolls is to share premium cannabis with your best bud. No matter the occasion, our line of products was created to surprise and delight. The AWH team shares our commitment to bringing fun yet polished cannabis experiences to the everyday consumer, and our partnership enables us to show even more consumers how to be loud and proud about their love for the plant."

 

A recent opinion article discussed the many benefits of the Massachusetts’ cannabis model commenting that the state and how other states are taking noticed as “Massachusetts has taken the lead by developing a regulatory framework that protects both the state and consumers by creating an environment that reflects a healthy balance between centralized licensing and enforcement authority — housed in the Cannabis Control Commission (CCC), and local autonomy in the selection and vetting of the participants and applicable zoning enforcement.”

 

Khiron Life Sciences Corp. (TSXV: KHRN)(OTCQX: KHRNF), a vertically integrated international cannabis leader with core operations in Latin America and Europe, announced that the Company presented results from its first research study including 1,453 patients from Khiron-owned Zerenia Clinics at the 29th International Pain Conference in Barranquilla, Colombia, organized by ACED, the Colombian chapter of the International Association for the Study of Pain (IASP).

 

The study, entitled "Prescription patterns and clinical outcomes in a cohort of patients receiving progressive therapy with cannabinoids for medical use in Colombia", is a longitudinal, retrospective cohort study including 1,453 patients receiving treatment with medical cannabis at Khiron-owned clinics in Colombia, Zerenia and ILANS.

 

The scope of research was to capture patient-reported outcome measures (PROMS) and patient-reported experience measures (PREMS) of general efficacy, adherence, and side effects of oral formulations ranging in cannabinoid content for the treatment of different health conditions with a diverse patient base over a twelve-month period.

 

The research protocol was reviewed and approved by the Scientific Institutional Committee and the Research Ethical Committee of the Universidad del Bosque, in Colombia, one of the leading institutions on medical research in the region.

 

Demographic results reported most patients were female (73%) with and average age of 59.3 years old, which is in strong contrast with results arising from Project T21, the UK's first medical cannabis registry Khiron Life Sciences has been supporting since its foundation in 2019. Patients in the study were mainly diagnosed with chronic, non-cancer pain (77%), followed by nausea and vomiting (8%), insomnia (6%), anxiety (5%), spasticity and depression, among others and up to 68 % of patients had their medical cannabis prescription cost covered by the Social Security in Colombia. Study results show a patient-reported positive clinic response in more than 80% of participants with only minor side-effects associated to the treatment.

 

"Scientific research and data are key to convincing doctors and policy makers all over the world about the benefits of medical cannabis to treat conditions that are prevalent in every society and market we are targeting. After one year of compiling information and having gone through a very detailed approval process, we are very proud to share the results from this first-of-its-kind clinical study in Latin America with such a significant patient base. This is just the beginning of our ongoing research program. We are looking forward to sharing the outcomes of this first cohort study with the international medical audience through peer-reviewed, specialized publications so doctors all over the world can continue to drive prescription growth safely and responsibly ", commented Alvaro Torres, Chief Executive Officer and Director of the Company.

 

Delic Holding Corp Inc. (CSE: DELC) (OTCQB: DELCF) announced that Delic Labs has applied for a Health Canada 56 Research Exemption that would allow the scientists to perform research and tests on a host of compounds outside of psychedelic mushrooms, including MDMA and LSD. The lab currently holds a 56 Research Exemption for chemistry analytics on psilocybin mushrooms.

 

Additionally, the lab has applied for a Dealer's License and intends to eventually commercialize its psilocybin research and associated intellectual property (IP) for medical and research purposes. Some of the work would include researching extraction of pharmaceutically relevant compounds from psychedelic mushrooms and turning those extracts into medical products. Delic Labs will also synthesize non-naturally occurring compounds as part of its ongoing med-chem pipeline.

 

Delic Labs is a federally authorized psilocybin and cannabis research laboratory focused on extraction, analytical testing, and chemical process development. Delic Labs serves as the engine for the Delic platform, conducting research and developing innovative product lines and intellectual property, including psilocybin vaporization technology for future distribution across the Company's physical footprint and licensed psychedelic wellness clinics in the United States.

 

Matt Stang, co-founder and CEO of Delic Corp, stated, "Never before has a lab been authorized to test psychedelic compounds such as MDMA and LSD with the opportunity to create new medicines for the millions suffering from debilitating conditions like depression, anxiety, PTSD and Parkinson's disease. Delic Labs is leading the way in psychedelic compound testing and ensuring the safety and effectiveness of any treatments produced using them, while also actively researching potential new medicines for the market."

 

"Once we secure this 56 Research Exemption together with the Dealer's License, Delic Labs will become the leader in safety testing of psychedelic compounds to ensure the highest standards and quality control," said Dr. Markus Roggen, co-founder of DELIC Labs. "We will greatly expand our capabilities to work with other banned substances, such as MDMA and LSD, along with psilocybin to develop new psychedelic drugs for medical and research purposes. We believe we are on the cusp of understanding the breadth of what is possible with psychedelics and medicine."

 

Founded by Dr. Roggen, an award-winning chemist, and UBC Professor, Dr. Glenn Sammis, Delic Labs supports the psychedelic industry with high precision chemical analytics, metabolomic identification and process optimization. Delic Labs is one of a handful of licensed psilocybin research labs in Canada and has an aggressive plan to build out a suite of novel compounds and delivery methods for the industry. Delic Labs is also a leading cannabis analytical and research company boasting clients that include some of the largest brands in the world.

 

High Tide Inc. (TSXV: HITI) (Nasdaq: HITI), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced that it is taking another step towards solidifying itself as a major player within the global e-commerce marketplace for hemp-derived CBD products, by entering into a definitive agreement, pursuant to which High Tide will acquire 80% of Enigmaa Ltd., operating as Blessed CBD, for £9.06 Million, and will have a three-year option to acquire the remaining 20% of Blessed at any time.

 

Founded in 2019 with its headquarters in Scotland, Blessed has quickly grown to become one of the most popular brands for hemp-derived CBD products across the U.K., including CBD oils, creams, gummies, and capsules. In 2020 Blessed had almost 5 million site visits and an average order value of approximately £75. Blessed's founder and Chief Executive Officer, Vithurs Thiru (known more commonly as "V"), will join the High Tide team as Senior Manager of Search (SEO) of the Company, and will help grow High Tide's CBD business globally.

 

"I'm very pleased to announce the addition of Blessed CBD, the U.K.'s top CBD brand as designated by several prominent publications, into the High Tide family. We continue to increase our online prowess by adding asset-light businesses to our growing global e-commerce portfolio. Blessed is a fully direct-to-consumer platform that generates industry-leading gross margins as well as EBITDA margins that will continue to add to our consolidated margin profile," said Raj Grover, President and Chief Executive Officer of High Tide. "This acquisition marks our entry into the highly lucrative and rapidly-growing U.K. CBD space which we expect to serve as a launching pad for High Tide to further penetrate the E.U. market for hemp-derived CBD products, while also taking advantage of cross-selling opportunities related to our in-house product lines. I have been very impressed with the amazing business that V has been able to build within just two years, and look forward to welcoming him and the rest of the Blessed team into our company," added Mr. Grover.

 

"Blessed CBD has experienced rapid growth and success from inception, and our goal is to become the most sought-after CBD brand globally. Our team is super excited to be joining hands with Raj, and by leveraging High Tide's existing resources and reach, I couldn't be more excited about the future," said Vithurs Thiru, CEO of Blessed. "I look forward to working with Raj and his team to accelerate the digital presence of High Tide's brands, and to position High Tide as one of the leading vertically-integrated cannabis companies in the industry. This acquisition provides unparalleled opportunities for growth to serve our current and future customers, expand into emerging new markets, and introduce new products unmatched in quality," added Mr. Thiru.

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

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#AIEye #Podcast 611: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AYX); #artificialintelligence

 

#AIEye #Podcast 611: #Stocks discussed: (OTCPINK: $GTCH) (NYSE: $AYX); #artificialintelligence

 

GBT Enhancing Avant! AI, and Alteryx Acquires Hyper Anna

 

Global Conversational AI Market to Reach $32.62B by 2030

 

Point Roberts WA, Vancouver BC – October 7, 2021  – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-  watching stock news, deal tracker and advancements in artificial intelligence  –  featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2021/100721-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2021/artificial-intelligence/10071GTCH-AYX.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (OTCPINK:GTCH) (NYSE:AYX)

 

GBT Technologies Inc. (OTC PINK:GTCH) is in the process of an enhancement phase for its Avant! AI technology to improve its back-end architecture, supporting better imaging and user interface, and enabling a healthcare advisory system. The company’s CTO Danny Rittman explained:

 

"Avant! AI is capable of being an efficient data-driven information agent; currently, it's released as an AGI (Artificial General Intelligence) agent and we have decided to focus on a more specific field. Naturally, due to the world's health crisis special attention will be given to the health domain, and we are going to enable Avant! to become a knowledge-based health advisory system. It will be connected to credible health-related resources set to respond to general health related questions. We are implementing a series of enhancements to handle big-data with better understanding of the user's question capabilities, users will be able to get first-line, relevant advice; 24/7. The Avant! health agent will also be aimed as an assisting tool for healthcare professionals; especially, assisting remote locations. Additionally, we are enhancing the user interface to improve the human-to-computer experience, making it more user friendly; mainly intuitive. GBT uses artificial intelligence solutions to create health assistance and monitoring value; particularly, in this new era of telemedicine. Our AI technology can also become an innovative foundation of the future patient-clinic experience, changing the way our world practices medicine.”

 

Alteryx, Inc. (NYSE:AYX) has announced the acquisition of Hyper Anna, a Sydney, Australia-based leading cloud platform for generating artificial intelligence (AI)-driven automated insights from data. This acquisition allows Alteryx to “automate the end-to-end analytic pipeline from data sources to AI-driven insights.” Alteryx CEO Mark Anderson said:

 

"Hyper Anna's mission to enable everyone, regardless of analytical background, to access data insights aligns perfectly with the Alteryx vision to enable every person to transform data into a breakthrough. With this acquisition, we are thrilled to offer a joint solution that empowers our customers to derive world class, human insights that matter, adding value to every line of business time and time again."

 

Global Conversational AI Market to Reach $32.62B by 2030

 

A report published by Allied Market Research finds that the global Conversational AI market will grow from $5.78 billion in 2020 to $32.62 billion by 2030, registering a compound annual growth rate (CAGR) of 20 percent in the forecast period 2021-2030. An excerpt from the report overview outlines factors influencing the market’s growth:

 

The conversational AI market share is expected to witness notable growth during the forecast period, owing to rise in demand for AI-powered customer support services. Furthermore, the rise in demand for AI-based Gartner chatbots solutions has driven the growth of the market. Moreover, surge in deployment of omnichannel methods is expected to propel the conversational AI market growth during the forecast period. However, lack of awareness about conversational artificial intelligence solutions restrains the market growth. On the contrary, rise in customer engagement through social media platforms is expected to provide lucrative opportunities for the growth of the conversational AI market during the forecast period.

 

Sam Mowers, Investorideas.com

 

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About Investorideas.com - News that Inspires Big Investing Ideas

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#CryptoCorner #Podcast 689: #Stocks discussed: (NasdaqGS: $MIGI) (NasdaqGM: $BITF) (NasdaqGM: $ARBK)

 

 

 

#CryptoCorner #Podcast 689: #Stocks discussed: (NasdaqGS: $MIGI) (NasdaqGM: $BITF) (NasdaqGM: $ARBK)

 

MoneyGram Partners with Stellar Development Foundation, Bitfarms Signs Contracts for Production Facility in Argentina, and Argo Blockchain Shares September Operational Update

 

Point Roberts, WA, Delta BC October 7, 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.

 

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https://www.investorideas.com/Audio/Podcasts/2021/100721-CryptoMarket.mp3

 

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Stocks discussed: (NasdaqGS:MIGI) (NasdaqGM:BITF) (NasdaqGM:ARBK)

 

Global digital P2P payments giant MoneyGram International, Inc. (NasdaqGS:MGI) has announced a partnership with the Stellar Development Foundation, described in the press release as “a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred anywhere in the world.” The partnership will see integration of the Stellar blockchain, facilitated through Circle's USD Coin (USDC), with MoneyGram’s network, allowing “cash funding and payout in local currency for consumers using USDC, as well as near-instant backend settlement capabilities.” Alex Holmes, MoneyGram’s Chairman and CEO, said:

 

"At MoneyGram, one of our top strategic priorities is to pioneer cross-border payment innovation and blockchain-enabled settlement, and we're thrilled to now work with the Stellar Development Foundation to further our efforts. As crypto and digital currencies rise in prominence, we're especially optimistic about the potential of stablecoins as a method to streamline cross-border payments. Given our expertise in global payments, blockchain, and compliance, we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies."

 

Bitfarms Ltd. (NasdaqGM:BITF) has signed engineering, procurement and construction (EPC) contracts and commenced construction of a production facility in Argentina. Emiliano Grodzki, CEO of Bitfarms, explained:

 

“Our new high-production facility in Argentina, which is expected to accommodate over 55,000 miners upon completion, will greatly expand our capacity and global footprint. Combined with the expansion in Quebec, Canada and our planned build-out in Paraguay, we are positioned to achieve our corporate target of 8 exahash per second by year-end 2022. The Argentina facility is planned to produce Bitcoin using power at the attractive rate of just US 2.2 cents per kilowatt hour, substantially reducing our already low cost of mining Bitcoin. Leveraging our expertise and corporate infrastructure, as well as that of our highly respected construction partners, is part of our strategy to grow faster and more efficiently by mining Bitcoin with improved profit margins.”

 

Argo Blockchain (NasdaqGM:ARBK) has shared an operational update for September. During the month, the company mined 165 Bitcoin (BTC) (or Bitcoin Equivalent), making for a total amount mined year-to-date of 1479 BTC. This amounted to a mining revenue of £5.50 million ($7.59 million), down from £6.83 million ($9.43 million) in August.

 

Sam Mowers, Investorideas

 

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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.

 

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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

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