Point Roberts, WA and Delta, BC – November 10, 2021 (Investorideas.com Newswire) 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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Crypto Corner Podcast 713: Stocks discussed: (NasdaqGS: COIN) (NasdaqCM: MARA) (CSE: BIGG) (CSE: BCFN)
Stocks discussed: (NasdaqGS:COIN) (NasdaqCM:MARA) (CSE:BIGG) (CSE:BCFN)/strong>
Coinbase (NasdaqGS:COIN) has released its third quarter 2021 shareholder letter. The crypto exchange giant posted a total net revenue of $1.235 billion for the quarter, up from $287 million in Q3 of 2020. An excerpt from the letter reads:
Q3 was a strong quarter for Coinbase marked by deeper customer engagement with our products, continued product innovation, and ongoing industry momentum that we have experienced throughout 2021. We are in the early stages of the development of the cryptoeconomy and are focused on investing for long-term growth. As our year-to-date results have clearly demonstrated, our business is volatile. Coinbase is not a quarter-to-quarter investment, but rather a long-term investment in the growth of the cryptoeconomy and our ability to serve users through our products and services. We encourage our investors to take this point of view.
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has reported its financial results for the third quarter ended September 30, 2021. Highlights include a total revenue of $51.7 million – an increase of 76 percent from the $29.3 million posted in Q2 2021, and the production of 1,252 self-mined bitcoins (BTC) in the quarter, up 91 percent from the 654 bitcoins produced in Q2. Fred Thiel, Marathon’s CEO, said:
“In the third quarter, we increased our hash rate to 2.7 EH/s and generated 1,252 self-mined bitcoins, which is a 91% increase from our second quarter bitcoin production. As a result, we held approximately 7,035 BTC at the end of the third quarter, and we are continuing to grow these holdings each month as we increase our hash rate and maintain our strategy to ‘hodl’ the bitcoin we mine. Beyond our bitcoin production, the quarter was highlighted by enhancements to our leadership team, the purchase of new miners from Bitmain, and the first bitcoin miner other than Marathon being added to MaraPool. While global logistics issues are currently impacting every industry, we recently began chartering planes to mitigate these issues and expedite the delivery of our miners. With the remainder of the 130,000 machines we previously purchased expected to come online between now and mid 2022, we believe the coming quarters will be transformative for Marathon, and we look forward to continuing to scale our operations.”
BIGG Digital Assets Inc. (CSE:BIGG) has announced that its subsidiary, Blockchain Intelligence Group (BIG), is the first blockchain analytics service to fully integrate third generation blockchain Syscoin. Developed by Blockchain Foundry (CSE:BCFN), Syscoin is described in the press release as “a trustless computing platform combining both Ethereum (ETH) and Bitcoin protocol into one ideal system that will power tomorrow’s innovative distributed applications.” Syscoin Foundation president and BCF Chief Technology Officer, Jagdeep Sidhu, said:
“By joining the BitRank Verified ecosystem, we are able to offer compliance and a regulatory framework to Syscoin customers for the first time on a public ledger that brings the same benefits as traditional financial services. These benefits will integrate seamlessly for users all while they hold their tokens in their own digital wallets.”
Sam Mowers, Investorideas
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