Vancouver, Kelowna, Delta, BC – January 31, 2022 (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 764: Stocks discussed: (TSXV: NDA) (CSE: LUXX) (CSE: SPOR)
Stocks discussed: (TSXV:NDA) (CSE:LUXX) (CSE:SPOR)
Neptune Digital Assets Corp. (TSXV:NDA) has released its quarterly consolidated financial statements and management, discussion and analysis for the three months ending November 30, 2021. Highlights include the earning of $1,707,046 through Bitcoin (BTC) mining “and other income-generating activities,” and the ending of the quarter with $67 million in assets and no debt. Cale Moodie, Neptune’s CEO, said:
“Neptune had an amazing first quarter with a $12.6 million increase in assets on our balance sheet and $13 million in comprehensive income. We hope to see the general crypto space grow as we move forward into 2022 and our Bitcoin mining, staking, and DeFi earnings to increase accordingly as we grow those arms of the business. We anticipate another 53 petahash of mining capacity to come online in Q2 thus growing our Bitcoin earnings. We are staying true to our diversified model and will continue to manage our risk while maximizing our earnings across the board.”
Luxxfolio Holdings Inc. (CSE:LUXX) has announced that it has launched a separate decentralized data storage vertical to “procure, install and operate customized storage server equipment connected to the Filecoin (FIL) network,” and allowing it to earn block rewards. Filecoin, according to the press release, “is part of a decentralized data storage vertical, to capitalize on the growth in digital assets and applications being built for the decentralized universe including areas such as the Web 3.0, the Metaverse, NFT’s, AI analytics, and Play 2 Earn Gaming.” Ken MacLean, President of Luxxfolio, said:
“Decentralized storage using crypto incentives will be required to support the entire decentralized economy. This vertical is a great lens into the emerging Web 3.0 space and positions the Company into a time frame similar to the early days of Bitcoin mining. We are working closely with Protocol Labs and other storage protocols and will immerse ourselves into the ecosystem.”
Blockchain-powered pet platform Pawtocol, the wholly-owned subsidiary of New Wave Holdings Corp. (CSE:SPOR), has appointed Colin Jordan as its CEO, where he “will be developing and executing a go-to-market strategy to deliver the Pawtocol platform to millions of pets and pet owners worldwide.” Jordan commented:
“The Pawtocol team has developed innovative technology that will not only disrupt the pet community but the broader blockchain and NFT communities as well. As a company, Pawtocol has always put a heavy emphasis on being environmentally friendly and socially responsible, which gives us a unique opportunity to show the world the kind of positive impact that blockchain technology can make. I look forward to leading Pawtocol through this pivotal stage of growth and delivering our platform to pets and pet owners on a global scale.”
Sam Mowers, Investorideas
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