Bitfarms Exits 2021 With 2.2 EH/s Bitcoin Mining Hashrate
Bitfarms Ltd (TSXV: BITF) this morning provided its shareholders with a final update for its mining performance for 2021. The firm headlined the release by indicating it produced a total of 3,452 bitcoin in the full fiscal year. December proved to be the second best month in terms of bitcoin mining for the firm, with […]
Verano Starts The Year Off By Replacing CFO
Verano Holdings (CSE: VRNO) appears to be starting the year off with an executive change. The firm this morning indicated that it will be replacing its chief financial officer, Brian Ward, with a new addition to the team that has significant CPG experience. It’s unclear if Ward’s departure was at the election of Ward or […]
Binance Changes Tune, Will Not Be Operating In Ontario Yet
It appears Binance has tucked its tail between its legs again when it comes to servicing customers in Ontario. After initially sending a mass email to its customers last week indicating that they have obtained the required licensing, the firm has now issued a “correction” on the matter. The correction released late Friday by the […]
Haywood Reiterates Lundin Mining’s $12 Price Target Following Josemaria Acquisition
On December 20th, Lundin Mining (TSX: LUN) announced that they would be acquiring Josemaria Resources (TSX: JOSE) for C$625 million, or US$485 million. The deal is broken down that for every share of Josemaria Resources, shareholders can receive 0.1487 shares of Lundin Mining or C$1.60 in cash. The total cash consideration can only be equal […]
Tesla Reports 308,600 Vehicle Deliveries For Q4 2021
Tesla Inc (NASDAQ: TSLA) this morning oddly released its production and delivery figures for the fourth quarter and full year of 2021. The numbers, despite the firms critics, was a substantial year over year improvement for the fourth quarter of 2020. For the quarter, the firm delivered 11,750 Model S/X vehicles, while 296,850 Model 3/Y […]
Northvolt Enters Electric Vehicle Battery Making Sweepstakes; Further Bolsters the Case for Lithium
On December 29, the Swedish battery maker Northvolt produced its first lithium-ion battery cell, making it the first electric vehicle (EV) battery company based in Europe. The company plans to begin supplying the EV power packs to car makers in 2022. The firm already has a reported US$30 billion in contracts to supply such customers as […]
Apple’s Tim Cook Hints at Some Future Involvement with Bitcoin and Cryptocurrencies
In November 2021, CNBC aired a lengthy interview with Apple Inc. (NASDAQ: AAPL) CEO Tim Cook. A short part of the discussion focused on Bitcoin and cryptocurrencies in general. Mr. Cook said that he personally owned cryptocurrency (he did not say which one) but pointed out that Apple would not buy any digital currency with its cash […]
Artemis Gold: BMO Lifts Price Target After Streaming Deal
On December 14th, Wheaton Precious Metals Corp. (TSX:WPM) announced that it has entered into an agreement to acquire the existing gold stream held by New Gold Inc. (TSX: NGD). Additionally, they entered into a Precious Metal Purchase agreement with Artemis Gold Inc. (TSX: ARTG). Wheaton will pay an upfront consideration of US$441 million for the […]
Electric Vehicle Maker Rivian Announces Further Production Delays
Rivian Automotive, Inc. (NASDAQ: RIVN) is experiencing the growing pains of virtually all upstart manufacturing companies. Manufacturing plans and production schedules generally zig zag through fits and starts at the outset before eventually settling into a more predictable pattern. The difference between Rivian and most such manufacturers in their earliest stages is that Rivian has a stock […]