Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries DeFi Platform Launches $300M Lending Pool to Help Bitcoin Miners By: PressReach September 30, 2022 at 11:57 AM EDT As bitcoin miners struggle to raise cash amid high energy costs and falling bitcoin price, DeFi firm Maple Finance is introducing its first fully collateralized, sector-specific lending pool with a $300 million capacity and interest rates as high as 20%. New funders, like Maple, are trying to fill the hole left by drying up traditional funding sources. Based on the total loans outstanding across institutional DeFi lending platforms, Maple has 50% of the market for DeFi lending. According to the announcement, the liquidity pools on the Maple platform have granted loans totaling around $1.8 billion since the first pool was launched in May 2021. Maple intends to launch more lending pools for the expanding mining industry, which includes companies like CleanSpark, Inc. (NASDAQ:CLSK), Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT), Riot Blockchain Inc. (NASDAQ:RIOT), and Marathon Digital Holdings, Inc. (NASDAQ:MARA) and hopes to increase the number of fintech companies it lends to. Meanwhile, WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), which facilitates investments in the DeFi industry, is well-financed with $356 million in total assets as of June 30, which includes $15 million in cash, $187 million of Assets Under Custody for clients and $5.6 million in crypto assets and inventory. On September 29, Bitbuy Technologies Inc., a subsidiary of WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), announced its collaboration with a leading Canadian investment bank and IIROC member and Alpaca Securities LLC. As a result, Bitbuy will be able to provide fractional trading and investing in hundreds of U.S. stocks, exchange-listed securities, and ETFs within the current Bitbuy product. Customers of Bitbuy will be able to trade fractions in real time and have their trades settled immediately thanks to Alpaca’s Broker API. In collaboration with FINRA member, Alpaca and IIROC member, a leading Canadian investment bank and IIROC member, Bitbuy will provide stock trading services. The leading Canadian investment bank and IIROC member will route, execute, clear, and hold in custody all customer accounts and trades. The product is anticipated to launch in the first quarter of 2023, and the precise date will be disclosed in the near future WonderFi Strategic Investor Kevin O’Leary commented: “This is an excellent move for WonderFi and Bitbuy – this leading Canadian investment bank and IIROC member has been a close partner of ours and the launch of Bitbuy Stocks further aligns us and kicks off what promises to be a very beneficial relationship with Alpaca. Stock trading through Bitbuy promises to be extremely efficient, low cost and innovative in the Canadian market.” For more information about WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF), please visit this link. Bitcoin Miners Signs Deals to Improve Their Business CleanSpark, Inc. (NASDAQ:CLSK) announced today that its bitcoin mining hashrate has gone over 4 EH/s, which is an increase of more than 30% in less than a month. CleanSpark has three facilities that it owns and runs on its own. It has more than 41,000 bitcoin mining machines running, and its highest daily output is 16 bitcoins. When the acquisition is finished in early October, CleanSpark will add a fourth fully owned and operated campus in Sandersville, GA. This campus is expected to add 1.4 EH/s to the Company’s hashrate before the end of the year. CleanSpark hasn’t changed its goal for the end of 2022, which is 5 EH/s. It also expects to meet its goal for the end of 2023, which is 22.4 EH/s. If it does, it will be one of the largest publicly traded bitcoin miners in the world. Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT) has partnered with massively distributed edge cloud service provider Zenlayer to provide Web 3.0, blockchain, and enterprise clients with cutting-edge edge computing solutions. Customers of Hut 8 can use Zenlayer’s edge cloud platform to install and run their applications immediately. Users can simply self-provision computing and networking services through APIs or an online console available from more than 40 countries worldwide. As Zenlayer builds additional cloud regions with Hut 8 at their Kelowna and Mississauga data centres, users will also be able to access the Canadian market. In the quarter that ended August 31, Huy 8 raised its Bitcoin holdings by 375, bringing its total self-mined holdings to 8,111 Bitcoin. Riot Blockchain Inc. (NASDAQ:RIOT) produced 374 BTC in August 2022, a decrease of almost 15% compared to 441 BTC in August 2021, while significantly lowering overall power expenditures through its patented power strategy. The company possessed approximately 6,720 BTC as of August 31, all of which came from the company’s mining activities. Riot sold 350 BTC in August, bringing a net profit of almost $7.7 million. In the second quarter, total revenue increased by 112% to $72.9 million, compared to $34.3 million for the same three months in 2021. The company produced 107% more bitcoin during the quarter at 1,395 BTC, compared to just 675 BTC produced during the same period in 2021. Marathon Digital Holdings, Inc. (NASDAQ:MARA) produced 184 bitcoin in August 2022. Over the last year, 2,222 bitcoin were generated, which represents a 26% increase over the same period in the previous year. As of August 31, 2022, total holdings included 10,311 BTC with a fair market value of $206.7 million. Almost 6,483 bitcoins were held without restriction, with a fair market worth of about $130.0 million. Meanwhile, Marathon Digital’s revenues dropped to $24.9 million in Q2 2022, a $4.4 million decrease in revenue compared to Q2 2021. The loss was driven by lower revenue per bitcoin mined partially mitigated by an 8% increase in bitcoin production activity. The company’s net loss for the quarter was $191.6 million, or $1.75 per share, compared to the prior-year quarter’s net loss of $108.9 million, or $1.09 per share. WonderFi Technologies (NEO:WNDR) (OTC:WONDF) has filed a complete short-form base shelf prospectus to every Canadian province, giving the company adequate access to Canadian capital markets and financial flexibility to pursue its expansion and acquisition plans. Learn Why Billionaire Investors Kevin O’Leary and Sam Bankman-Fried are Betting on WonderFi! Click Here to Download the Company Presentation! BONUS! We're giving away our “Market Crash: Wall Street’s Hidden Opportunity” eBook for FREE today. A $29 value at no charge, plus we'll also send you our hottest stock alerts! Disclaimer Featured Image IstockPhoto @ chinnapong Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:Featured News RSS feedInvesting News RSS feedDaily Press Releases RSS feed Trading Tips RSS feedInvesting Videos RSS feed Follow PressReach on Twitter Subscribe to us on Youtube PressReach Disclaimer. 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DeFi Platform Launches $300M Lending Pool to Help Bitcoin Miners By: PressReach September 30, 2022 at 11:57 AM EDT As bitcoin miners struggle to raise cash amid high energy costs and falling bitcoin price, DeFi firm Maple Finance is introducing its first fully collateralized, sector-specific lending pool with a $300 million capacity and interest rates as high as 20%. New funders, like Maple, are trying to fill the hole left by drying up traditional funding sources. Based on the total loans outstanding across institutional DeFi lending platforms, Maple has 50% of the market for DeFi lending. According to the announcement, the liquidity pools on the Maple platform have granted loans totaling around $1.8 billion since the first pool was launched in May 2021. Maple intends to launch more lending pools for the expanding mining industry, which includes companies like CleanSpark, Inc. (NASDAQ:CLSK), Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT), Riot Blockchain Inc. (NASDAQ:RIOT), and Marathon Digital Holdings, Inc. (NASDAQ:MARA) and hopes to increase the number of fintech companies it lends to. Meanwhile, WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), which facilitates investments in the DeFi industry, is well-financed with $356 million in total assets as of June 30, which includes $15 million in cash, $187 million of Assets Under Custody for clients and $5.6 million in crypto assets and inventory. On September 29, Bitbuy Technologies Inc., a subsidiary of WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), announced its collaboration with a leading Canadian investment bank and IIROC member and Alpaca Securities LLC. As a result, Bitbuy will be able to provide fractional trading and investing in hundreds of U.S. stocks, exchange-listed securities, and ETFs within the current Bitbuy product. Customers of Bitbuy will be able to trade fractions in real time and have their trades settled immediately thanks to Alpaca’s Broker API. In collaboration with FINRA member, Alpaca and IIROC member, a leading Canadian investment bank and IIROC member, Bitbuy will provide stock trading services. The leading Canadian investment bank and IIROC member will route, execute, clear, and hold in custody all customer accounts and trades. The product is anticipated to launch in the first quarter of 2023, and the precise date will be disclosed in the near future WonderFi Strategic Investor Kevin O’Leary commented: “This is an excellent move for WonderFi and Bitbuy – this leading Canadian investment bank and IIROC member has been a close partner of ours and the launch of Bitbuy Stocks further aligns us and kicks off what promises to be a very beneficial relationship with Alpaca. Stock trading through Bitbuy promises to be extremely efficient, low cost and innovative in the Canadian market.” For more information about WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF), please visit this link. Bitcoin Miners Signs Deals to Improve Their Business CleanSpark, Inc. (NASDAQ:CLSK) announced today that its bitcoin mining hashrate has gone over 4 EH/s, which is an increase of more than 30% in less than a month. CleanSpark has three facilities that it owns and runs on its own. It has more than 41,000 bitcoin mining machines running, and its highest daily output is 16 bitcoins. When the acquisition is finished in early October, CleanSpark will add a fourth fully owned and operated campus in Sandersville, GA. This campus is expected to add 1.4 EH/s to the Company’s hashrate before the end of the year. CleanSpark hasn’t changed its goal for the end of 2022, which is 5 EH/s. It also expects to meet its goal for the end of 2023, which is 22.4 EH/s. If it does, it will be one of the largest publicly traded bitcoin miners in the world. Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT) has partnered with massively distributed edge cloud service provider Zenlayer to provide Web 3.0, blockchain, and enterprise clients with cutting-edge edge computing solutions. Customers of Hut 8 can use Zenlayer’s edge cloud platform to install and run their applications immediately. Users can simply self-provision computing and networking services through APIs or an online console available from more than 40 countries worldwide. As Zenlayer builds additional cloud regions with Hut 8 at their Kelowna and Mississauga data centres, users will also be able to access the Canadian market. In the quarter that ended August 31, Huy 8 raised its Bitcoin holdings by 375, bringing its total self-mined holdings to 8,111 Bitcoin. Riot Blockchain Inc. (NASDAQ:RIOT) produced 374 BTC in August 2022, a decrease of almost 15% compared to 441 BTC in August 2021, while significantly lowering overall power expenditures through its patented power strategy. The company possessed approximately 6,720 BTC as of August 31, all of which came from the company’s mining activities. Riot sold 350 BTC in August, bringing a net profit of almost $7.7 million. In the second quarter, total revenue increased by 112% to $72.9 million, compared to $34.3 million for the same three months in 2021. The company produced 107% more bitcoin during the quarter at 1,395 BTC, compared to just 675 BTC produced during the same period in 2021. Marathon Digital Holdings, Inc. (NASDAQ:MARA) produced 184 bitcoin in August 2022. Over the last year, 2,222 bitcoin were generated, which represents a 26% increase over the same period in the previous year. As of August 31, 2022, total holdings included 10,311 BTC with a fair market value of $206.7 million. Almost 6,483 bitcoins were held without restriction, with a fair market worth of about $130.0 million. Meanwhile, Marathon Digital’s revenues dropped to $24.9 million in Q2 2022, a $4.4 million decrease in revenue compared to Q2 2021. The loss was driven by lower revenue per bitcoin mined partially mitigated by an 8% increase in bitcoin production activity. The company’s net loss for the quarter was $191.6 million, or $1.75 per share, compared to the prior-year quarter’s net loss of $108.9 million, or $1.09 per share. WonderFi Technologies (NEO:WNDR) (OTC:WONDF) has filed a complete short-form base shelf prospectus to every Canadian province, giving the company adequate access to Canadian capital markets and financial flexibility to pursue its expansion and acquisition plans. Learn Why Billionaire Investors Kevin O’Leary and Sam Bankman-Fried are Betting on WonderFi! Click Here to Download the Company Presentation! BONUS! We're giving away our “Market Crash: Wall Street’s Hidden Opportunity” eBook for FREE today. A $29 value at no charge, plus we'll also send you our hottest stock alerts! Disclaimer Featured Image IstockPhoto @ chinnapong Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:Featured News RSS feedInvesting News RSS feedDaily Press Releases RSS feed Trading Tips RSS feedInvesting Videos RSS feed Follow PressReach on Twitter Subscribe to us on Youtube PressReach Disclaimer.
As bitcoin miners struggle to raise cash amid high energy costs and falling bitcoin price, DeFi firm Maple Finance is introducing its first fully collateralized, sector-specific lending pool with a $300 million capacity and interest rates as high as 20%. New funders, like Maple, are trying to fill the hole left by drying up traditional funding sources. Based on the total loans outstanding across institutional DeFi lending platforms, Maple has 50% of the market for DeFi lending. According to the announcement, the liquidity pools on the Maple platform have granted loans totaling around $1.8 billion since the first pool was launched in May 2021. Maple intends to launch more lending pools for the expanding mining industry, which includes companies like CleanSpark, Inc. (NASDAQ:CLSK), Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT), Riot Blockchain Inc. (NASDAQ:RIOT), and Marathon Digital Holdings, Inc. (NASDAQ:MARA) and hopes to increase the number of fintech companies it lends to. Meanwhile, WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), which facilitates investments in the DeFi industry, is well-financed with $356 million in total assets as of June 30, which includes $15 million in cash, $187 million of Assets Under Custody for clients and $5.6 million in crypto assets and inventory. On September 29, Bitbuy Technologies Inc., a subsidiary of WonderFi Technologies (TSX:WNDR) (OTCQB:WONDF), announced its collaboration with a leading Canadian investment bank and IIROC member and Alpaca Securities LLC. As a result, Bitbuy will be able to provide fractional trading and investing in hundreds of U.S. stocks, exchange-listed securities, and ETFs within the current Bitbuy product. Customers of Bitbuy will be able to trade fractions in real time and have their trades settled immediately thanks to Alpaca’s Broker API. In collaboration with FINRA member, Alpaca and IIROC member, a leading Canadian investment bank and IIROC member, Bitbuy will provide stock trading services. The leading Canadian investment bank and IIROC member will route, execute, clear, and hold in custody all customer accounts and trades. The product is anticipated to launch in the first quarter of 2023, and the precise date will be disclosed in the near future WonderFi Strategic Investor Kevin O’Leary commented: “This is an excellent move for WonderFi and Bitbuy – this leading Canadian investment bank and IIROC member has been a close partner of ours and the launch of Bitbuy Stocks further aligns us and kicks off what promises to be a very beneficial relationship with Alpaca. Stock trading through Bitbuy promises to be extremely efficient, low cost and innovative in the Canadian market.” For more information about WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF), please visit this link. Bitcoin Miners Signs Deals to Improve Their Business CleanSpark, Inc. (NASDAQ:CLSK) announced today that its bitcoin mining hashrate has gone over 4 EH/s, which is an increase of more than 30% in less than a month. CleanSpark has three facilities that it owns and runs on its own. It has more than 41,000 bitcoin mining machines running, and its highest daily output is 16 bitcoins. When the acquisition is finished in early October, CleanSpark will add a fourth fully owned and operated campus in Sandersville, GA. This campus is expected to add 1.4 EH/s to the Company’s hashrate before the end of the year. CleanSpark hasn’t changed its goal for the end of 2022, which is 5 EH/s. It also expects to meet its goal for the end of 2023, which is 22.4 EH/s. If it does, it will be one of the largest publicly traded bitcoin miners in the world. Hut 8 Mining Corp. (TSX:HUT) (NASDAQ:HUT) has partnered with massively distributed edge cloud service provider Zenlayer to provide Web 3.0, blockchain, and enterprise clients with cutting-edge edge computing solutions. Customers of Hut 8 can use Zenlayer’s edge cloud platform to install and run their applications immediately. Users can simply self-provision computing and networking services through APIs or an online console available from more than 40 countries worldwide. As Zenlayer builds additional cloud regions with Hut 8 at their Kelowna and Mississauga data centres, users will also be able to access the Canadian market. In the quarter that ended August 31, Huy 8 raised its Bitcoin holdings by 375, bringing its total self-mined holdings to 8,111 Bitcoin. Riot Blockchain Inc. (NASDAQ:RIOT) produced 374 BTC in August 2022, a decrease of almost 15% compared to 441 BTC in August 2021, while significantly lowering overall power expenditures through its patented power strategy. The company possessed approximately 6,720 BTC as of August 31, all of which came from the company’s mining activities. Riot sold 350 BTC in August, bringing a net profit of almost $7.7 million. In the second quarter, total revenue increased by 112% to $72.9 million, compared to $34.3 million for the same three months in 2021. The company produced 107% more bitcoin during the quarter at 1,395 BTC, compared to just 675 BTC produced during the same period in 2021. Marathon Digital Holdings, Inc. (NASDAQ:MARA) produced 184 bitcoin in August 2022. Over the last year, 2,222 bitcoin were generated, which represents a 26% increase over the same period in the previous year. As of August 31, 2022, total holdings included 10,311 BTC with a fair market value of $206.7 million. Almost 6,483 bitcoins were held without restriction, with a fair market worth of about $130.0 million. Meanwhile, Marathon Digital’s revenues dropped to $24.9 million in Q2 2022, a $4.4 million decrease in revenue compared to Q2 2021. The loss was driven by lower revenue per bitcoin mined partially mitigated by an 8% increase in bitcoin production activity. The company’s net loss for the quarter was $191.6 million, or $1.75 per share, compared to the prior-year quarter’s net loss of $108.9 million, or $1.09 per share. WonderFi Technologies (NEO:WNDR) (OTC:WONDF) has filed a complete short-form base shelf prospectus to every Canadian province, giving the company adequate access to Canadian capital markets and financial flexibility to pursue its expansion and acquisition plans. Learn Why Billionaire Investors Kevin O’Leary and Sam Bankman-Fried are Betting on WonderFi! Click Here to Download the Company Presentation! BONUS! We're giving away our “Market Crash: Wall Street’s Hidden Opportunity” eBook for FREE today. A $29 value at no charge, plus we'll also send you our hottest stock alerts! Disclaimer Featured Image IstockPhoto @ chinnapong Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:Featured News RSS feedInvesting News RSS feedDaily Press Releases RSS feed Trading Tips RSS feedInvesting Videos RSS feed Follow PressReach on Twitter Subscribe to us on Youtube PressReach Disclaimer.
