MNI - Market News

Crypto Miners Reap the Benefits of an Increasingly Favorable Market Climate

Thursday, October 21, 2021 - 2:00pm

In addition, some of the problems that the crypto market was recently facing are already being resolved.

Key Points: 
  • In addition, some of the problems that the crypto market was recently facing are already being resolved.
  • Yet, some companies in the crypto and blockchain market have taken steps to improve the situation.
  • The increased demand for operational efficiency and transparency in financial payment systems, including data security, are major factors that drive the growth of the global cryptocurrency market.
  • Additionally, the increased demand for cryptocurrency among banks and financial institutions provides a lucrative opportunity for market expansion during the forecast period.

Crypto Miners Continue to Overcome Obstacles as the Market Matures

Thursday, October 21, 2021 - 2:00pm

Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.

Key Points: 
  • Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.
  • "We're determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users."
  • We have made excellent progress as we near completion of the first phase of over 200MW of crypto mining parks in South and North Carolina.
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.

Crypto Miners Reap the Benefits of an Increasingly Favorable Market Climate

Thursday, October 21, 2021 - 2:00pm

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- This year has been crucial for the future of the cryptocurrency and blockchain markets. Overall, the approach of financial institutions, businesses and even certain governments has significantly changed in recent years, as commercial payments are slowly warming up to the prospects of Bitcoin. One of the major reasons for this is that a Bitcoin payment is faster, cheaper, safer and less volatile than the local currencies in many countries. In addition, some of the problems that the crypto market was recently facing are already being resolved. For example, based on estimates from earlier this year, the Bitcoin network uses as much energy in one year as the country of Argentina. Yet, some companies in the crypto and blockchain market have taken steps to improve the situation. Manhattan Solar Partners, LLC, a joint venture between BIT5IVE, LLC and GMine LLC, recently announced plans to build crypto data centers utilizing more than a gigawatt of renewable energy in Texas. AGM Group Holdings Inc. (NASDAQ: AGMH), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), PayPal Holdings, Inc. (NASDAQ: PYPL), MicroStrategy Incorporated (NASDAQ: MSTR)

Key Points: 
  • In addition, some of the problems that the crypto market was recently facing are already being resolved.
  • Yet, some companies in the crypto and blockchain market have taken steps to improve the situation.
  • The increased demand for operational efficiency and transparency in financial payment systems, including data security, are major factors that drive the growth of the global cryptocurrency market.
  • Additionally, the increased demand for cryptocurrency among banks and financial institutions provides a lucrative opportunity for market expansion during the forecast period.

Crypto Miners Continue to Overcome Obstacles as the Market Matures

Thursday, October 21, 2021 - 2:00pm

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- Cryptocurrencies continue to show strength, expanding their influence and presence across many industries. Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading. According to a report by CNBC, the agreement indicates that Coinbase will leverage just about all the NBA's platforms including the WNBA, NBA G League, NBA 2K League and USA Basketball. The deal between the NBA and Coinbase comes shortly after the league commissioner Adam Silver explained that the league is projecting USD 10 Billion in revenue for the 2021-22 season, a figure that is possible thanks to fans returning to NBA arenas, which account for 40% of league revenue. In the meantime, sponsorships accounted for about USD 1.4 Billion last season, according to valuation firm IEG. ISW Holdings Inc. (OTC: ISWH), itfarms Ltd. (NASDAQ: BITF), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), Hut 8 Mining Corp. (NASDAQ: HUT) 

Key Points: 
  • Just this week, the NBA agreed to its first cryptocurrency sponsorship deal with Coinbase, the publicly traded company that makes an exchange for crypto trading.
  • "We're determined to deliver the most trusted full suite of crypto-first financial services to our 68 million users."
  • We have made excellent progress as we near completion of the first phase of over 200MW of crypto mining parks in South and North Carolina.
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.

Businesses the World Over Put Their Trust in Cryptocurrencies

Tuesday, October 19, 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.
  • These projects represent some of the most innovative of their kind, and stand to create many new jobs and new opportunities in the area."
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.
  • 'Even with supply chain issues, we have managed to manufacture in record time,' noted Alonzo Pierce, Chair and President of ISW Holdings.

Businesses the World Over Put Their Trust in Cryptocurrencies

Tuesday, October 19, 2021 - 2:00pm

NEW YORK, Oct. 19, 2021 /PRNewswire/ -- Generally, the acceptance of digital currencies as a payment or as an investment opportunity is becoming more commonplace around the world. For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021. According to the New York Times, cryptocurrency grew from a digital curiosity into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks for consumers and financial markets. "Their concerns have only grown as both new and established firms have rushed to find ways to profit from bringing the massive wealth held in cryptocurrency into the traditional financial system through quasi-banking services like interest-bearing accounts and lending," the Times indicate. ISW Holdings Inc. (OTC: ISWH), Bit Digital, Inc. (NASDAQ: BTBT), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT), Bitfarms Ltd. (NASDAQ: BITF), SOS Limited (NYSE: SOS) 

Key Points: 
  • For example, according to data published by Blockdata, most major banks have invested in crypto and blockchain-related companies in 2021.
  • These projects represent some of the most innovative of their kind, and stand to create many new jobs and new opportunities in the area."
  • Company management also notes that Bit5ive will begin delivering the first tranche of new mining Pods to the site over coming weeks.
  • 'Even with supply chain issues, we have managed to manufacture in record time,' noted Alonzo Pierce, Chair and President of ISW Holdings.

U.S. Becomes the Largest Crypto Mining Hub After Miner's Exodus from China

Monday, October 18, 2021 - 2:00pm

As a result, the U.S. now has the largest share of global Bitcoin mining networks, according to data from the University of Cambridge.

Key Points: 
  • As a result, the U.S. now has the largest share of global Bitcoin mining networks, according to data from the University of Cambridge.
  • The deal will involve 56,000 Bitmain mining rigs pairing with 200 megawatts ("MW") of power at the Company's "POD- CITY" location in Georgia.
  • ISW Holdings will provide funding, expertise, hosting services, mining services, access to power, and access to public market investors.
  • "Gryphon's future focus on mining using 100% renewable energy will set the bar for mining companies of the future.

U.S. Becomes the Largest Crypto Mining Hub After Miner's Exodus from China

Monday, October 18, 2021 - 2:00pm

NEW YORK, Oct. 18, 2021 /PRNewswire/ -- The price of Bitcoin climbed above the USD 60,000 mark on Friday as investors and traders anticipate that the U.S. regulators will clear the first Bitcoin futures exchange-traded fund. According to a report by CNBC, the ProShares Bitcoin Strategy ETF is scheduled to debut at the New York Stock Exchange on Tuesday, and experts believe the SEC unlikely to object to the product. "The ETF news is being priced in with the market expecting an approval on Monday. This is driving the price up," Vijay Ayyar, Head of Asia Pacific at cryptocurrency exchange Luno, told CNBC. As a result of the crypto boom that occurred earlier this year, many companies and organizations have become noticeably more open to blockchain technology and cryptocurrencies. ISW Holdings Inc. (OTC: ISWH), Riot Blockchain, Inc. (NASDAQ: RIOT), Sphere 3D Corp. (NASDAQ: ANY), SOS Limited (NYSE: SOS), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) 

Key Points: 
  • As a result, the U.S. now has the largest share of global Bitcoin mining networks, according to data from the University of Cambridge.
  • The deal will involve 56,000 Bitmain mining rigs pairing with 200 megawatts ("MW") of power at the Company's "POD- CITY" location in Georgia.
  • ISW Holdings will provide funding, expertise, hosting services, mining services, access to power, and access to public market investors.
  • "Gryphon's future focus on mining using 100% renewable energy will set the bar for mining companies of the future.

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.

A Growing Number of Businesses Rely on Comprehensive Software Solutions

Thursday, October 14, 2021 - 2:00pm

The growing capital investment on application development for mobile, web and enterprise promises significant growth opportunity for the market for application segment.

Key Points: 
  • The growing capital investment on application development for mobile, web and enterprise promises significant growth opportunity for the market for application segment.
  • EBITDA for Q3 2021 is also expected to be significantly higher than Q3 2020 with projected growth well over 100%.
  • 'We are pleased to announce this milestone in our revenue growth as well as continued profitability for the third quarter of 2021.
  • 2 Enterprise Search Software on the Fall 2021 Grid Report* by G2.com, Inc., a leading software review platform.