Point Roberts, WA and Delta, BC – October 22, 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 700: Stocks discussed: (NYSE: WMT) (NasdaqCM: MIGI) (CSE: GBLC)
Stocks discussed: (NYSE:WMT) (NasdaqCM:MIGI) (CSE:GBLC)
Bloomberg reports that retail giant Walmart (NYSE:WMT) has started a pilot program with coin-cashing machine company Coinstar – the latter of whom has partnered with cryptocurrency cash exchange Coinme – to install Bitcoin (BTC) ATMs in 200 of its U.S. stores. Following this pilot program, Coinstar plans to offer Bitcoin at more than 8,000 kiosks. Sam Doctor, chief strategy officer and head of research at BitOoda is quoted:
“Bitcoin ATMs have been around for a while, including in many supermarkets. Walmart expands Bitcoin access to more people, though, and gives it further legitimacy among skeptics, should they roll it out beyond an initial pilot.”
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has purchased 4,000 of the latest generation ASIC miners, including 2,000 MicroBT M30S and 2,000 Canaan Avalon A1166/1246 bitcoin miners which will be delivered and operational in Q4 2021. James Manning, CEO and Founder of Mawson, explained:
“With the scale up of our existing facility in Georgia this year well underway, combined with securing our new facility in Pennsylvania, our team has been able to focus on securing additional bitcoin mining hardware for deployment. This reflects our ‘infrastructure first’ approach to deployment where the Mawson team have been securing long duration, sustainable energy facilities. Our recent capital raising and transition to Nasdaq is expected to help support our growth and help us achieve our goal of being amongst the largest Nasdaq listed bitcoin miners in 2022/2023. This purchase of 4000 latest generation ASIC bitcoin miners moves us closer to our corporate target of 5EH online by early 2023. We look forward to updating stockholders on our US and Australian facilities in greater detail in due course.”
Graph Blockchain Inc. (CSE:GBLC) has announced that its wholly owned subsidiary, Babbage Mining Corp., exited from its position in Cardano’s native token ADA and “that it generated capital gains and yield of $703.7K or 88% in a 7 month period beginning on March 29, 2021.” Graph Blockhain’s CEO, Paul Haber, said:
“The company is extremely gratified with the growth we have made so far with the appreciation of our growing crypto portfolio. In the weeks and months ahead, we will continue to watch the basket of crypto assets in the portfolio as we further monetize our cash position and continuously innovate in the decentralized finance market.”
Sam Mowers, Investorideas
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