Point Roberts, WA and Delta, BC – November 30, 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 725: Stocks discussed: (CSE: BIGG) (TSXV: DMGI) (CSE: BTC)
Stocks discussed: (CSE:BIGG) (TSXV:DMGI) (CSE:BTC)
BIGG Digital Assets Inc. (CSE:BIGG) has reported its fiscal Q3 2021 financial results for the three and nine months ended September 30, 2021. Some highlights from the quarter include a gross operating revenue of $2.625 million CAD, and the company boasts cash and crypto holdings of about $73 million with no debt. Mark Binns, the company’s CEO, said:
In Q3 we were pleased with the steady development of our businesses, and we continue to execute on our core business plans. Blockchain Intelligence Group revenue grew 70% YoY, and Netcoins, while having a slower summer due to industry wide trading volumes being down, experienced an impressive 462% growth YoY. We also took advantage of the recent Bitcoin [BTC] price degradation, adding to our holdings which now sit with over 500 Bitcoin in treasury.
DMG Blockchain Solutions Inc. (TSXV:DMGI) has purchased 1,800 Bitmain Antminer S19 XP 140 Th miners. According to the press release, delivery of the machines “is expected to begin in July 2022, with 300 miners arriving each month for the following 6 months.” DMG also announced that in mid-December of this year, once its November batch of Bitmain miners arrives, the company “will generate over 400 Ph/s hashrate, which, given various market factors, is estimated to produce an average of 2.58 BTC a day.”
Bluesky Digital Assets Corp. (CSE:BTC) has released a summary of its Unaudited Q3, 2021 Interim Financial Statements for the three and nine months ended September 30, 2021. The company’s CEO, Ben Gelfand, said:
“We achieved record results in Q3 from our active mining operations. As previously announced, in Q4 we have acquired an additional $2,415,344 CDN worth of GPU Mining Rigs with the purpose to further expand our Ether mining capabilities. We are putting that equipment online and into active production. With this equipment we fully anticipate that our results in Q4 will supersede the results achieved in Q3 and that we will achieve another strong performance in Q1 of 2022.”
Sam Mowers, Investorideas
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