Hut 8: Bullish On Bitcoin, Bullish On Blockchain Growth – The Daily Dive
Joining Cassandra on the Daily Dive today is returning guest Suzanne Ennis, VP of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT, NASDAQ: HUT). Within, Sue discusses El Salvador’s $1.0 billion bitcoin bond issue, the aftermath of the DOJ’s 3.6 billion bitcoin seizure related to a Bitfinex hack, the outlook for bitcoin […]
DoorDash To Charge McDonald’s Higher Fees For Slow Orders
DoorDash Inc. (NYSE: DASH) seems to be looking at cutting losses from slow order preparations. The mobile delivery service is reportedly planning next year to increase its commission rates with McDonald’s (NYSE: MCD) restaurants that keep its delivery drivers waiting. The fast-food giant partnered with food delivery apps DoorDash and UberEats in November 2021 to strengthen […]
Goldman Sachs Aggressively Upgrades Fed Rate Hike Forecast Following Jaw-Dropping CPI Print
Following what has been yet another eye-watering CPI print showing consumer prices at the highest since 1982, Wall Street is scrambling to upgrade rate hike forecasts in preparation of a substantially more hawkish stance from the Federal Reserve. With inflation running well above the Fed’s 2% target rate with each passing month, Goldman Sachs now […]
WonderFi Ends Fiscal Q1 2022 With $11.3 Million Crypto Assets, $5.7 Million Net Loss
WonderFi Technologies (NEO: WNDR) announced on Friday night its quarterly financial results for the period ended December 31, 2021. The firm ended the quarter with a total of $5.7 million net loss. The quarterly net loss compares to the net loss of $5.1 million recorded for the previous eight months (from incorporation on January 30, 2021 […]
Karora Lowers 2022 Gold Production Guidance To 110,000 – 135,000 Ounces
Karora Resources Inc. (TSX: KRR) announced this morning its revised production guidance for 2022. The firm estimates to produce 110,000 – 135,000 gold ounces for the year, lower than its previously announced guidance of 120,000-140,000 ounces. “After careful review, we consider it prudent at this time to both widen and trim our 2022 production guidance […]
Tokens.com Buys Additional Decentraland Metaverse Real Estate For $0.7 Million
Tokens.com Corp (NEO: COIN) announced today its subsidiary, Metaverse Group, purchased additional virtual real estate property. The firm bought 49 parcels in the metaverse world Dencentraland. Although the company did not disclose the acquisition cost, upon checking on NFT transactions on the virtual estate, the transaction is valued at 214,347 MANA–Decentraland’s official cryptocurrency. The purchase price […]
CGX Energy Announces 200ft Net Pay For Kawa-1, Abandons 2022 Exploration Plans For Demerara
CGX Energy (TSXV: OYL) this morning released slightly more details on its Kawa-1 well, which was drilled off shore of Guyana. The well was the first such well drilled on the Corentyne Block under a joint venture with Frontera Energy (TSX: FEC). Initial results on the well were first released on January 31, wherein the […]
Probe Metals To Conduct Flow Through Financing At $3.10 Per Unit
Probe Metals (TSXV: PRB) is the latest firm to announce a flow through financing. The company this morning indicated it intends to raise up to $15 million via a bought deal flow through financing to be lead by Canaccord Genuity Corp. Under the terms of the financing, the firm will sell 4.84 million flow through […]
United Lithium Takes 83.6% Stake in Finnish Lithium Project
United Lithium (CSE: ULTH) has increased its land holdings in Northern Europe. The firm this morning formally closed on the purchase of the Kietyönmäki Lithium Project. Located in Finland, the Kietyönmäki project is an early stage project, which has seen historical work conducted by the Finnish Geological Survey, or GTK, as well as Sunstone Metals, […]
McEwen Mining Announces Financing To Fund Further Fox Complex Development
McEwen Mining (TSX: MUX) is looking to raise funds to bolster its exploration efforts in Canada. The firm late on Friday evening announced that they would be conducting a flow through financing of common shares. Under the terms of the financing, the company will look to raise gross proceeds of US$15.1 million, or roughly CAD$19.2 […]