Hive Blockchain Increases Bitcoin Hashrate 46% To 830 PH/s
Hive Blockchain (TSXV: HIVE) this morning expanded its operations materially. The company has acquired 3,019 additional miners focused on bitcoin, with the additional computing power coming online immediately. The additional miners reportedly have a hash rate of 264 PH/s, enabling the company to immediately improve its bitcoin hashrate by 46%. The miners themselves are already […]
MustGrow Biologics Reports Positive Trial Results In Colombia
MustGrow Biologics (CSE: MGRO) this morning released further results from ongoing field trials being conducted on its products. The latest results come from Colombia, where the firm was conducting floriculture trials with Gowan Group, an ag solutions firm focused on global agricultural inputs. The trial itself saw the firms mustard-derived biopesticide tested on another form […]
Crypto Startup Bullish To Go Public With A US$9 Billion SPAC Merger, Plans For Crypto Exchange Launch
Cryptocurrency firm Bullish Global announced Friday the plans to go public on the New York Stock Exchange via a reverse merger with special purpose acquisition company Far Peak Acquisition. The newly-formed company is reported to have a pro forma equity value of approximately US$9.0 billion. Bullish Global is a blockchain-based cryptocurrency exchange backed by PayPal […]
GMV Minerals: Exciting Summer of Drilling Ahead
GMV Minerals Inc. (TSXV: GMV) recently announced the mobilization of drill rigs to conduct an expansion drilling program on its flagship 100%-owned Mexican Hat Project. The project is located in Cochise county in southeastern Arizona, and named after a distinct feature located on the west side of the property that rises about 150 metres above […]
Haywood Reiterates K92 Mining Price Target, Buy Rating
Las tweek, Haywood Capital Markets put out a quarterly preview and upcoming catalysts for K92 Mining (TSX: KNT). Their analyst says “we view KNT to be poised for further share price strength as the company shifts into a stronger operations period.” Haywood reiterated their C$11.00 price target and buy rating. They add that K92 “offers […]
German Automakers Fined Over Emissions Technology Collusion
The European Union has decided to fine several German automakers over illegally conspiring to restrain the advancement of clean-emissions technology. According to a statement published by the European Commission, the EU’s antitrust chief Margrethe Vestager has imposed a $590 million fine on Volkswagen and its Audi and Porche divisions, while BMW has been ordered to […]
Canadian Consumer Confidence Soars to New Record Amid Strong Vaccine Rollout
Consumer sentiment among Canadians has risen to a new record-high, as provinces across the country lift public health restrictions and economic output regains momentum. The latest Bloomberg Nanos Canadian Confidence Index rose to 66.42 for the week ending on July 2, marking the highest reading on records dating back to 2008. On average, the reading […]
Eguana Tech: Stifel Reiterates Buy Rating Following Hawaii VPP Announcement
Last week, Eguana Technologies (TSXV: EGT) announced that they received their first order worth $3.6 million for Hawaii’s Virtual Power Plant Program, this means that Eguana will be providing their Evolve systems under the program. The state is to subsidize up to $850 per kW for homeowners that agree to discharge their solar battery for […]
General Motors’ Lithium Deal In California Desert Underscores Value of Well-Defined Lithium Projects
On July 2, General Motors Company (NYSE: GM) reached an agreement with Controlled Thermal Resources (CTR), a private company. Under the arrangement, GM will invest in CTR and ultimately buy lithium that CTR hopes to produce from brine in the desolate Salton Sea area of the California desert. Lithium is a key ingredient in virtually […]
Global Gold ETFs See Jump in Inflows as Low Prices Entice Investors
Gold prices were at their worst in nearly five years in June, falling by almost 7% after the US Federal Reserve suggested that interest rates may spike by 2023. However, it appears that some investors took gold’s low price as an opportunity to delve into the precious metal market. According to the World Gold Council, […]