#CryptoCorner #Podcast 727: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $HIVE) (CSE: $BIGG.C)
Hut 8 Provides Update for November, HIVE Invests in Titan.IO, and BIGG Announces Investment in TerraZero Technologies
Point Roberts, WA, Delta BC December 2, 2021 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.
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Hut 8 Mining Corp. (NasdaqGS:HUT) has provided an update for the month of November 2021. Highlights include the mining of 256 Bitcoin (BTC), all of which was deposited into custody, making for a total balance held in reserve of 5,242 bitcoins at the month’s end. The company also completed the deployment of high-performance NVIDIA chips at its site in Medicine Hat, Alberta, Canada during the month. Jason Zaluski, Head of Technology for Hut 8, said:
"Our NVIDIA CMP deployment is contributing revenue of approximately $140,000 per day, based upon current mining economics. Given the low power intensity of these chips, our cost per Bitcoin of approximately $3,000 means we are achieving unit margins in excess of 95%."
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced an investment in Titan.IO, Inc., described in the press release as “a cutting-edge blockchain software company and the creator of Lumerin, a next generation decentralized mining marketplace where hashpower can be bought and sold using tokens.” Titan’s CEO and Co-Founder, Ryan Condron, said:
"We're very excited to be partnering with HIVE. We founded Titan in order to maximize the optimization and decentralization of mining at any scale. In that journey, we have greatly appreciated HIVE's expertise and leadership in the mining space. We look forward to working with them to maximize mining efficiency and transform hashpower into a global tradeable commodity using the Lumerin Protocol."
BIGG Digital Assets Inc. (CSE:BIGG) has announced a strategic investment of $100,000 CAD in TerraZero Technologies Inc’s recent private financing round. According to the press release, TerraZero “develops, acquires and finances innovative Metaverse projects, companies, entrepreneurs and developers—creating engagement, community, and usability solutions which bridge the real world and the Metaverse, scale new economies and enhance immersive experiences to shape the future of Web 3.0, decentralization, and beyond.” BIGG’s CEO, Mark Binns, said:
“We are excited to invest in TerraZero, a pioneer in the metaverse space, where crypto is the central currency for transactions. We see the continued growth of metaverse focused digital assets and metaverse companies as a highly desirable investment for BIGG. Our investment in TerraZero shows, once again, our support for an established group of entrepreneurs and our continued leadership in the cryptocurrency sector.”
Sam Mowers, Investorideas
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