Point Roberts, WA and Delta, BC – March 26, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the
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and commentary on what’s driving cryptocurrency stocks and the crypto market.
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Crypto Corner Podcast 557: Stocks discussed: (OTC: $ARBKF) (TSXV: $DMGI.V) (TSX: $HUT.V) (NasdaqGS: $NVDA) (CSE: $NC.C)
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Crypto Corner Episode 557: Argo and DMG Launch Bitcoin Mining Pool, Hut 8 Buys $30M in NVIDIA CMPs, and NetCents Reports Surge in Sign-ups
Stocks discussed: (OTC:ARBKF) (TSXV:DMGI) (TSX:HUT) (NasdaqGS:NVDA) (CSE:NC)
Argo Blockchain (
OTC:ARBKF
) has
entered
into a Memorandum of Understanding (MoU) with DMG Blockchain Solutions Inc. (
TSXV:DMGI
) to launch Terra Pool, described as “the world’s first Bitcoin mining pool powered by clean energy.” An excerpt from the press release reads:
Terra Pool will provide both a strong incentive and accessible platform for cryptocurrency miners to produce Bitcoin in a sustainable and climate-conscious way with the goal of significantly reducing greenhouse gas emissions over the next decade. In the near-term, Terra Pool will work with like-minded Bitcoin miners to expedite the shift from conventional power to clean energy.
Hut 8 Mining Corp. (
TSX:HUT
) has
purchased
$30 million of CMPs (Cryptocurrency Mining Processors) from NVIDIA Corporation (
NasdaqGS:NVDA
), a move expected to increase Hut 8’s aggregate operating rate by approximately 1600 Gigahash. Jaime Leverton, CEO of Hut 8, explained:
“The adoption and the development of applications interacting with various blockchain networks have never been stronger, opening many possibilities across a variety of industries. We are incredibly excited to have these high performance CMPs in our fleet. We believe mining with CMPs will open up new opportunities for Hut 8 and will allow us to continue to execute on our long- and short-term plans for increased and diversified revenue streams.”
NetCents Technology Inc. (
CSE:NC
) has
reported
a surge in new partner sign-ups and leads in the last 60 days. Specifically, the company has received an average of 10-15 new partner leads weekly over the past 60 days with a close rate of 30 percent over that period, increasing to 40 percent over the month of March. In response, NetCents is “in the process of tripling the size of its partner sales and account management team.” Patrick Albright, Senior Vice President Strategic Development at NetCents, said:
“In my three decades in the payments industry, I have never seen such huge demand for a product. Cryptocurrency, and the processing of payments in those currencies, is no longer something that is something for the future. It is now necessary to have the ability to handle consumers’ increased demand for cryptocurrency transactions. North American partners and merchants are now seeing what the rest of the world has already been witnessing. Crypto payments are here to stay and will become an increasing part of a successful payment strategy.”
Sam Mowers, Investorideas
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