Vancouver, Kelowna, Delta, BC – March 10, 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 791: Stocks discussed: (NasdaqGS: ARBK) (CSE: AQUA) (OTC: EPAZ)
Stocks discussed: (NasdaqGS:ARBK) (CSE:AQUA) (OTC:EPAZ)
Argo Helios LLC, a wholly-owned Delaware-registered subsidiary of Argo Blockchain (NasdaqGS:ARBK), has entered into an equipment financing agreement with NYDIG, a wholly-owned subsidiary of New York Digital Investment Group LLC. Part of this agreement includes the lending of $26.66 million from NYDIG to Argo Helios to “recapitalize the purchase of electrical infrastructure equipment for [its] flagship cryptocurrency mining facility, Helios, in Dickens County, Texas.” Argo’s CEO, Peter Wall, said:
“We are delighted to secure this non-dilutive funding which will enable us to complete a crucial stage in our fit out of our Helios site. NYDIG is one of the foremost bitcoin finance companies in the industry and we are excited to leverage their knowledge and insight of the sector in this newly formed relationship.”
Josh Burandt, Head of Mining Services at NYDIG, said:
“The mission of our mining services business is to help secure the bitcoin [BTC] network by supporting the growth of the world’s leading Bitcoin miners. In pursuit of that mission, we are excited to partner with Argo and provide infrastructure financing for the launch of their state-of-the-art Texas facility.”
Aquarius AI Inc. (CSE:AQUA) has provided a corporate update pertaining to its Bitcoin mining initiatives. The company’s previously announced purchase of 10 PH/s of Bitcoin mining rigs has “been confirmed and on schedule for an April 2022 launch” Aquarius AI’s Director of Operations, Owen Sagness, said:
“Despite being only early March, the Company has made progress on all fronts. Our first batch of mining rigs are on schedule to go live in April so we can be up and hashing very soon”. He further added, “While our success cannot be guaranteed, the progress towards obtaining our own data center facility is happening faster than anticipated, as is a debt facility to allow us to fill it with state-of-the-art bitcoin mining rigs.”
Epazz, Inc. (OTC:EPAZ) has announced that its DeFi system, CryObo, is benefiting from new regulations in Dubai that allow it to acquire lands and set up cryptocurrency companies. According to the press release, “CryObo uses NFTs linked with real assets to provide liquidity to token holders and help real estate developers raise capital for their projects,” and “would allow real estate developers to raise capital at better terms and allow token holders to realize the increased value of their tokens and earned income.”
Sam Mowers, Investorideas
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