Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NYSE: HSBC) (NasdaqCM: RIOT) (NasdaqGS: HUT)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NYSE: HSBC) (NasdaqCM: RIOT) (NasdaqGS: HUT)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atInvestorideas dot com news on what's driving the
cryptocurrency market. Hello everyone, thisis Sam Mowers here. Welcome to another
episode of the crypto Corner podcast.For news today, HSBC has launched crypto

(00:23):
services in Hong Kong, Ryan Platformshas secured an order for next gen bitcoin
miners, and hot eight has entereda hosting agreement. But just before we
jump into the show, a quickreminder that if you enjoy this podcast to
please feel free to share it orleave us a review, And as always
I recommend checking out some of theother podcasts on investideas dot com. This

(00:48):
includes the Cannabis Podcast, the Cleantechand Climate Change Podcast, along with many
others, all of which we'll bringyou up to speed on the latest stock
news and trends in their respective spaces. Right so, coin Telegraph reports that
banking giant HSBC, which trades onthe New York Stock Exchange under the ticker

(01:11):
symbol HSBC, has introduced its firstlocal cryptocurrency services in Hong Kong. This
includes making it possible for its customersto buy and sell exchange traded funds or
ETFs based on both bitcoin and ether. These specific ETFs are listed on the
Stock Exchange of Hong Kong and includeCSOP Bitcoin Futures ETF, CSOP Ethereum Futures

(01:40):
ETF, and Samsung Bitcoin Futures ActiveETF. Now the aim of this development
is to expand locally users exposure tocryptocurrencies in Hong Kong. Notably, the
article indicates that this follows recent mediareports suggesting in mid June that the Hong
Kong Monetary Authority pressured major banks likeHSBC to accept crypto exchanges as clients.

(02:09):
Next up, Riot Platforms, Inc. Which trades on the NASDAC under the
ticker symbol r IoT, has enteredinto a long term purchase agreement with microbt
Electronics Technology COLIMITED, a prominent manufacturerof bitcoin miners with production facilities in the

(02:29):
United States, wherein Riot has securedan initial order of thirty three thousand,
two hundred eighty next generation bitcoin minersfrom the ladder. Jason LEAs, the
CEO of Riots and Quote. Thesenew models are among the most powerful and
efficient miners ever made for bitcoin mining, and are designed and produced specifically for

(02:52):
immersion cooling systems such as those thatwill be used at our Corsicana facility.
These new miners will tribute an additionalseven point six x a hash per second
to Riot self mining capacity when fullydeployed, and will further enhance our already
strong fleet efficiency in advance of theupcoming bitcoin having end quote. Lastly,

(03:19):
for today, HUT eight Mining Corp, which trades on the NASDAC under the
ticker symbol h UT, has entereda hosting agreement for approximately six hundred six
thousand, rather four hundred A sixminers previously energized at its North Base site.
The agreement, according to the pressrelease, includes a three month initial

(03:40):
term, which will renew for asuccess of one month periods unless terminated by
either party by providing thirty days notice. The company CEO, Jamie Leverton comments,
quote, Relocating our miners will provideus with approximately six hundred peta hash
per second of additional installed operating capacity. Once the machines are energized, our

(04:04):
total installed hash rate will increase twoapproximately three point two xa hash per second.
End quote. That does it fortoday's cryptocorum. If you would like
to be a guest or sponsor forthis podcast, contact in Investideas dot com.
The Best Ideas reminds all listeners toread o bascreamers and disclosures on the

(04:25):
investidias dot com website. This podcastis not endorsement to fire product services or
securities. Investors are reminded all investmentinvolx rask and possible blows in investment.
To hear more Investor Ideas dot Compodcasts, please visit investoridias dot com,
slash audio and a reminder. Youcan also hear our podcasts on Apple Podcasts,

(04:46):
Audible, Spotify, tune In,Stitcherspreeker dot com, iHeartRadio, Google
Podcasts, and most audio platforms available. This podcast was sponsored by Apptech amens
Corp. Aptec is an innovative fintechcompany whose mission is to deliver a better
way for businesses to provide their customerswith immersive commerce experiences. For more information,

(05:13):
visit Apteccorp dot com. AppTec tradeson the Mazdac under particular symbol apc X