Douglas Mawson

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

"BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Bitcoin's recent rally has brough optimism back to the market. According to Fidelity Director of Global/Macro, Jurrien Timmer, the ongoing rally in Bitcoin could continue towards new record heights over the next two years, Markets Insider reported. Based on his proprietary supply-and-demand model, Timmer sees Bitcoin reaching USD 100,000 by 2023 as momentum traders begin to buy into the recent rally. "This rally has come with little fanfare and doesn't seem driven by momentum chasers. The percentage of coins held by short-term 'tourists' is down to just 15%. This tells me there could be room to run if momentum chasers pile in," Timmer said. ISW Holdings Inc. (OTC: ISWH), Bitfarms Ltd. (NASDAQ: BITF), Bit Digital, Inc. (NASDAQ: BTBT), Canaan Inc. (NASDAQ: CAN), Marathon Digital Holdings, Inc. (NASDAQ: MARA)

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

An Increasing Number of Corporations Approve of Cryptocurrency and Blockchain Solutions

Monday, October 11, 2021 - 2:00pm

For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021.

Key Points: 
  • For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021.
  • Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency and/or blockchain-related companies, either directly or through subsidiaries.
  • In addition, the Company anticipates a breakout record quarter for the three months ending September 30, 2021.
  • Management conducted site visits to its primary Southeastern US cryptocurrency mining hosting site earlier in the week.

An Increasing Number of Corporations Approve of Cryptocurrency and Blockchain Solutions

Monday, October 11, 2021 - 2:00pm

NEW YORK, Oct. 11, 2021 /PRNewswire/ -- After several months of complicated market conditions for cryptocurrencies, Bitcoin and other digital assets are rising in value once again. Generally, the acceptance of digital currencies as a payment or as an investment opportunity is becoming more common around the world. For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021. Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency and/or blockchain-related companies, either directly or through subsidiaries. ISW Holdings Inc. (OTC: ISWH), Riot Blockchain, Inc. (NASDAQ: RIOT), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT), Canaan Inc. (NASDAQ: CAN), Bitfarms Ltd. (NASDAQ: BITF)

Key Points: 
  • For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021.
  • Out of the top 100 banks by assets under management, 55 have invested in cryptocurrency and/or blockchain-related companies, either directly or through subsidiaries.
  • In addition, the Company anticipates a breakout record quarter for the three months ending September 30, 2021.
  • Management conducted site visits to its primary Southeastern US cryptocurrency mining hosting site earlier in the week.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry. U.S. Bancorp announced that it had launched a cryptocurrency custody service for institutional investment managers who have private funds in the United States and Cayman Islands. According to a report by Reuters, the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well. "Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years," Gunjan Kedia, Vice Chair of the bank's Wealth Management and Investment Services said. ISW Holdings Inc. (OTC: ISWH), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), The OLB Group, Inc. (NASDAQ: OLB), Bit Digital, Inc. (NASDAQ: BTBT)

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Cryptocurrency Miners Look to Stave off Disruptions and Solidify Operations

Tuesday, October 5, 2021 - 2:00pm

The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.

Key Points: 
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • The schedule calls for having all 56k miners hooked up to all 200 MW of power and running full-out by October 2022.
  • The Company is currently running 700 miners, representing a mix of Bitmain Antminer S17's, BitMain S19 95TH/ s's, and Canaan Avalons.
  • Headquartered in Sydney, Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

Cryptocurrency Miners Look to Stave off Disruptions and Solidify Operations

Tuesday, October 5, 2021 - 2:00pm

NEW YORK, Oct. 5, 2021 /PRNewswire/ -- A cryptocurrency is a digital asset that utilizes computer code and blockchain technology to operate. It does so independently, without the need for a central party — be that a person, company, central bank or government — to manage the system. This year has been monumental for cryptocurrencies, from complex political developments to new technological innovations in blockchain. Politically, cryptocurrencies experienced some difficulties, like the crackdown on crypto miners by the Chinese government, as well as some progress like the widespread adoption of digital currencies across business as well as governmental institutions around the world. ISW Holdings Inc. (OTC: ISWH), Marathon Digital Holdings, Inc. (NASDAQ: MARA), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT), Canaan Inc. (NASDAQ: CAN), Hut 8 Mining Corp. (NASDAQ: HUT)

Key Points: 
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • The schedule calls for having all 56k miners hooked up to all 200 MW of power and running full-out by October 2022.
  • The Company is currently running 700 miners, representing a mix of Bitmain Antminer S17's, BitMain S19 95TH/ s's, and Canaan Avalons.
  • Headquartered in Sydney, Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

U.S. Based Crypto Miners Reap the Benefits of Supportive Regulations

Monday, September 27, 2021 - 2:00pm

The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere.

Key Points: 
  • The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere.
  • It is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world's bitcoin miners as of April 2021.
  • HIVE Blockchain Technologies Ltd.(NASDAQ: HVBT ) reported last month that it has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies Ltd. ("Bitmain").
  • These 1,800 miners are the first of our 2022 mining purchase program and will be delivered in 6 equal tranches of 300 miners, commencing inJanuary 2022throughJune 2022.

U.S. Based Crypto Miners Reap the Benefits of Supportive Regulations

Monday, September 27, 2021 - 2:00pm

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- The Chinese government's crackdown on cryptocurrencies is once again in the news. According to CNN, Chinese government agencies including the country's securities regulator and the People's Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and promised to punish illicit activities involving digital currencies. The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere. In fact, Texas seems to be one of such desired destination. BBC reports that Governor of Texas Greg Abbott has been a vocal supporter for cryptocurrency. "It's happening! Texas will be the crypto leader," he tweeted in June. In the same month, Texas became the second U.S. state after Wyoming to recognize blockchain and cryptocurrency in its commercial law, paving the way for crypto businesses to operate in the state. ISW Holdings Inc. (OTC: ISWH), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT), Canaan Inc. (NASDAQ: CAN), The OLB Group, Inc. (NASDAQ: OLB), Bit Digital, Inc. (NASDAQ: BTBT)

Key Points: 
  • The first stages of the crackdown have already caused many crypto miners to leave China and set up operations elsewhere.
  • It is the second-biggest mining destination on the planet, accounting for nearly 17% of all the world's bitcoin miners as of April 2021.
  • HIVE Blockchain Technologies Ltd.(NASDAQ: HVBT ) reported last month that it has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies Ltd. ("Bitmain").
  • These 1,800 miners are the first of our 2022 mining purchase program and will be delivered in 6 equal tranches of 300 miners, commencing inJanuary 2022throughJune 2022.