Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NYSE: BLK) (NasdaqCM: CLSK) (NYSE: BKKT)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NYSE: BLK) (NasdaqCM: CLSK) (NYSE: BKKT)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atinvestor Ideas dot com news on what's driving
the cryptocurrency market. Hey everyone,this is Sam Mauers here. Welcome to
another episode of the crypto Corner podcast. For news today, bitcoin is rallying,

(00:21):
clean Spark is acquiring two turnkey bitcoinmining campuses, and Backed has released
findings from its new crypto sentiment study. But just before we jumped into the
show today, a quick reminder thatif you enjoy this podcast to please feel
free to share it or leave usa review. As always, I recommend
checking out some of the other podcastson investor Ideas dot com as well.

(00:46):
This includes the Cannabis Podcast, theCleantech and Climate Change Podcast, as well
as many others, all of whichwill bring you up to speed on the
latest stock news and trends in theirrespective spaces. All right, so,
Bitcoin is up a staggering ten percentin the last twenty four hours, trading

(01:06):
for about twenty nine thousand, eighthundred seventy five us D at the time
for recording. This is according todata from coin market Cap. Now this
is the highest Bitcoin has traded forsome time, not since May fifth,
has hit those numbers that's May fifththis year. An article from coin Telegraph
attributes this rally to growing institutional interestin bitcoin, shown particularly by companies like

(01:34):
black Rock, which trades on theNYC under the ticker BLK, and Fidelity
Investments, both of which appear tobe in the process of filing for a
spot Bitcoin ETF. The piece alsogoes on to site the cooling of the
US Dollar index as being a possiblecatalyst for the rally as well. Moving

(01:57):
along, clean spark Ink, whichtrades on the nap AS DAC under the
ticker symbol cls K, has announcedit has entered into definitive agreements to acquire
two turnkey bitcoin mining campuses located inDalton, Georgia, for a cash payment
of nine point three million dollars.This transaction is expected to add just under

(02:20):
one x hash per second to Cleansparks hash rate. Shortly after the deal
is scheduled to close later this week, Zach Bradford, Clean Sparks CEO said,
quote, this acquisition ensures that wehave more than enough infrastructure to reach
our year end target of sixteen xahash per second. It also continues to

(02:42):
position us as one of the mostpower efficient miners on an energy per hash
rate basis. These two additional sitesour testament to our deepening ties with rural
communities in Georgia and the regional expertisewe are developing there as a large flexible
load. Importantly, our efforts aregenerating economic growth for the suburban and rural

(03:04):
areas where our operations are located.End quote, and perhaps buoyed by the
bitcoin rally mentioned earlier. Stock forclean Spark at the time of recording is
up eleven point four percent. Lastly, for today, Backed Holdings, Inc.
Which trades on the NYSE under theticker b KKT, has released findings

(03:29):
from its biannual US Consumer Crypto SentimentStudy, which looks at over two thousand
US consumers who own crypto or whoare interested in crypto, examining their sentiments,
adoption, and usage, along withtheir concerns regarding crypto regulation and consumer
protections, among other things. Thestudy finds that, notably, in spite

(03:52):
of recent crypto market turmoil, overallpurchase considerations hold steady for cryptowners at eighty
four percent and seventy eight percent agreethat both crypto is gaining popularity and will
be more regulated in the future.Back to CEO Gavin Michael said, quote,
this study is a testament to continuedinterest in crypto and the role of

(04:15):
regulatory clarity in catalyzing further adoption.Consumer concerns with security highlight the importance of
working with a secure crypto company thatprioritizes a regulatory first and compliant approach.
End quote. That does it fortoday's crypto quorum. If you would like
to be a guest or sponsor forthis podcast, contact investoridias dot com.

(04:40):
The Best Ideas reminds all listeners toread our disclamers and disclosures on the investoridias
dot com website. This podcast isout endorsement to fire products, services or
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To hear more Investor Ideas dot compodcasts, please visit Investor Ideas dot com,

(05:00):
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Podcasts, Audible, Spotify, tuneIn, Stitcherspreeker, dot com, iHeartRadio,
Google Podcasts, and most audio platformsavailable. This podcast was sponsored by
AppTec Payments Corp. Apptech is aninnovative fintech company whose mission is to deliver

(05:23):
a better way for businesses to providetheir customers with immersive commerce experiences. For
more information, visit Appteccorp dot com. AppTec trades on the NASDAC under particular sybl apcx