Crypto Corner Podcast 880: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: HUT) (CSE: BIGG) - Transcripts
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Welcome to today's edition of crypto corner at investor ideas dot com. News on what's driving the Cryptocurrency market. Hello everyone. This is Sam Mauer's here. Welcome to episode 880 of the Crypto Corner podcast. Crypto Corner was recently named one of 14 of the best crypto and Blockchain podcasts by the sight your Oyster. That's Y. O R. E. Oyster, you can check out this list along with a write up about crypto Corner over at your oyster dot com slash blog slash best dash crypto dash podcasts now for news today, both Hive and hut eight have posted updates for the month of august and net coins has announced plans for its expansion into the U. S. But just before we jump into the show today, a quick reminder that if you enjoy this podcast to please feel free to share it or leave us a review and as always, I recommend checking out some of the other podcasts on investor ideas dot com.
This includes the cannabis podcast, the clean tech and climate change podcast along with many others, all of which will bring you up to speed on the latest stock news and trends in their respective spaces. Alright, so Hive Blockchain technologies LTD, which trades on the NASDAQ under the ticker H I V E has announced the production figures from its global Bitcoin and ethereum mining operations for the month of august this year, highlights include the production of 290.4 Bitcoins 3010 ether and an end of month Hodel balance of 3258 Bitcoins and 5100 ether. The company's executive chairman frank Holmes said quote in august we produced an average of 16.7 Bitcoin equivalent per day comprising approximately 9.4 Bitcoins per day and our ethereum production of approximately 97 ethereum per day. We are pleased to note that as of today we are producing over nine Bitcoin. Even with last week's Bitcoin difficulty increase of almost 10% end quote moving along a hut eight mining corp which trades on the NASDAQ under the ticker symbol H. U. T. Has also published a production and operations update for august highlights there include the mining of 375 Bitcoins and installed ASic hash rate capacity of 2.98 exa hash per second by the end of the month and a total self mind holdings or Hodel of 8111 Bitcoins. Jaime Leverton. The company's Ceo said quote our team delivered very strong results across our mining and high performance infrastructure businesses in august positioning us well for continued success. We continue to receive an installer, monthly shipments of new microbe et minors on time while actively adding to the suite of services we offer our data center customers and quote lastly for today. Net coins.
The online Cryptocurrency brokerage subsidiary of Bigg digital assets inc which trades on the C. S. E. Under the ticker B I G G. Has announced initial launch plans for operations in the United States, headquartered in Vancouver Canada. Net coins will base its US operations out of the state of Wyoming and will commence in Q four this year with the launch of its trading platform in the states of California pennsylvania michigan and Virginia Frazer Matthews, the president of Net coins said quote expanding our footprint into the US gives net coins the opportunity to become a leading crypto platform in north America. We are focused on highly populated and crypto friendly states. Our strategy is focused on three key pillars, product experience and expansion. We will look to use the momentum of this launch to drive our roadmap forward in each of these areas. We look forward to going live in this exciting and competitive market while working with our partners to deliver a safe and secure proposition for our U. S. Customers and quote that does it for today's crypto corner.
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