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Bitmain forms long-term partnership with ISWH

Crypto might be preparing for a second wave.

•• 3 Min
Bitmain forms long-term partnership with ISWH

The B-Word conference is in full swing and Bitcoin appears to be successfully hanging on important support in the $ 30k area. The luminaries in the crypto industry have worked hard to make the case for digital currencies in general and for Bitcoin in particular. This week's conference in particular includes Elon Musk, Cathy Wood and Jack Dorsey, among others. We can expect bitcoin-affirmative headlines to pour out of the affair, which will be recycled over the web and major social media platforms for days and perhaps have an impact on public perception. Either way, the crypto space has seen a surge in mainstream popularity and Wall Street legitimacy over the past year that surpasses anything seen before. The recent pullback dents barely that big-picture view, making for a strong platform for new excitement to confront the recent correction in coin pricing. Meanwhile, investors looking for stocks tied to the idea of ​​a new base in Bitcoin prices will be actively following major crypto tickers, including HIVE Blockchain Technologies Ltd (NASDAQ: HVBT), ISW Holdings Ord Shs (OTCMKTS: ISWH), MicroStrategy Incorporated (NASDAQ: MSTR), Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), Coinbase Global Inc (NASDAQ: COIN), Bitfarms Ltd (CVE: BITF) , and Grayscale Bitcoin Trust (Btc) (OTCMKTS: GBTC). We'd be paying particular attention to the news from ISW Holdings (ISWH) this morning as it is an over the counter stock that costs just pennies a share that has just announced a massive deal with the most important company in the world's cryptocurrency space - a Deal that could run into hundreds of millions of dollars in revenue. HIVE Blockchain Technologies Ltd (NASDAQ: HVBT) describes itself as a company working to build a bridge from the blockchain sector to traditional capital markets. It is also involved in the production of mined cryptocurrencies. His projects include Iceland Cryptocurrency Mining. It owns state-of-the-art, green-energy data center facilities in Canada, Sweden, and Iceland, where it only sources green energy to mine in the cloud and HODL both Ethereum and Bitcoin, according to company materials. HIVE Blockchain Technologies Ltd (NASDAQ: HVBT) recently announced the purchase and immediate hashing of 3,019 MicroBT WhatsMiner M30S dedicated mining computers, or "miners". Frank Holmes, Executive Chairman of HIVE, stated: "We are excited to complete a transaction that will dramatically increase our mining capacity without logistical delays. Our entry into a North American mining pool promotes our goal of being transparent and accountable to our partners Power in mining is shifting east to west, and we're excited to be part of it. " Even in light of this news, HVBT hasn't really done much of anything over the past week, with stocks logging no net movement over that period. Shares in the stock have driven higher over the past month, rallying around 0% during that time on strong general action. HIVE Blockchain Technologies Ltd (NASDAQ: HVBT) posted total revenue of $ 17.9 million in the company's most recent quarterly figures - a figure that represents a 170.4% increase from last year’s numbers. In addition, the company has a strong balance sheet, with cash exceeding current liabilities ($ 20.8 million versus $ 15.4 million). As mentioned at the beginning, ISW Holdings (OTCMKTS: ISWH) is particularly interesting at the moment. The company partnered with Bit5ive, North America's largest provider of collective management of renewable, clean energy crypto mining services and equipment about a year ago, through a JV structure, to create a new POD5 concept mining solution Design and Assemble - a fully self contained, high PUE mining solution designed for installation and plug and play mining capability. As mentioned earlier, the company made big news this morning by announcing a "long-term partnership" with Bitmain Technologies, perhaps the most famous cryptocurrency company in the world. The two companies signed an agreement that ISWH believes will form the backbone of the first phase of the launch of its cryptocurrency hosting and mining operations in Georgia.

BitcoinCrypto CurrenciesTechnology

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