Vancouver, Kelowna, Delta, BC – February 7, 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 769: Stocks discussed: (NasdaqGS: ARBK) (TSXV: BNXA) (NYSEAmerican: NILE)
Stocks discussed: (NasdaqGS: ARBK) (TSXV: BNXA) (NYSEAmerican: NILE)
Argo Blockchain (NasdaqGS:ARBK) has published an operational update for January 2022. Highlights for the month include the mining of 172 Bitcoin (BTC) or Bitcoin Equivalent, and mining revenues of ?5.26 million ($7.10 million USD). The company owns 2,748 Bitcoin (including 262 BTC equivalents) as of the end of January. Argo’s CEO and Interim Chairman, Peter Wall, said:
“As our mining operations continue to develop and the completion date of Helios, our new mining facility, approaches, this month we have laid the foundations for executing our growth strategy for 2022 and achieving the objectives we have set for the Company in the year ahead.”
Banxa Holdings Inc. (TSXV:BNXA) has announced a 337 percent increase in its Year on Year growth for December 2021, with a Total Transaction Value (TTV) of $131 million. The company also boasts having enlarged its partner ecosystem with 14 new partnerships signed in December, and the addition of 18 new coins to its service. Holger Arians, Banxa’s CEO, said:
“With the market’s lightspeed acceleration pushing the industry in new directions, looking for new opportunities in the market is critical. I’m thrilled to see Banxa’s continued growth driven by our expert team. In 2021, we took our capacity and service levels to new heights while growing our partner network and available coins. We’re excited to see the business’s continued success in 2022.”
BitNile Holdings, Inc. (NYSEAmerican:NILE) has shared its preliminary unaudited revenue results for 2021 as well as its revenue guidance for 2022. According to the press release, the company expects a “preliminary unaudited revenue of approximately $52 million for 2021,” and a “revenue of approximately $155 million for 2022, which would represent a 197% increase from 2021 preliminary unaudited revenue.” Milton “Todd” Ault, III, BitNile’s Executive Chairman, said:
“BitNile expects to grow its Bitcoin mining operations through strategic procurement of power at its Michigan data center to support the additional Bitcoin mining equipment the Company plans to install in 2022. The Company is taking a dual-path strategy for power procurement, looking at the cost benefit analysis of increasing capacity in Michigan versus procuring power in a more advantageous geography. To this end, BitNile is exploring various tax friendly locales in addition to opportunities through alternative energy sources, including hydropower. The Company’s projected Bitcoin mining revenue, presumes the installation of 20,600 Bitcoin miners by the end of 2022, a Bitcoin price of $41,500 and a mining difficulty level of 26.7 trillion.”
Sam Mowers, Investorideas
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