Crypto Stocks In Focus After Flash Crash Clears Spec Excess (NASDAQ: COIN) (NASDAQ: RIOT) (NASDAQ: CAN) (OTC US: ISWH) (NASDAQ: MSTR) (NASDAQ: PYPL)

The Bitcoin correction is upon us after the Coinbase Global Inc (NASDAQ:COIN) direct offering. The hype surrounding that process likely pulled in a lot of fast and loose money, which is now on its way out the door in violent fashion.

The weekend featured what can only be described as a flash crash, as Bitcoin fell nearly 13% in less than 30 minutes on Sunday morning when it broke through it primary upward trendline in place since mid-December, when it was still under the $20k level.

The catalyst was likely technical but inextricably tied to the excess of recent speculative inflows following its breakout about the $62k level into the COIN listing.

That will likely present a tough opening for mainstays in the space on the equities side such as Square Inc (NYSE:SQ), Paypal Holdings Inc, (NASDAQ:PYPL), and MicroStrategy Incorporated (NASDAQ:MSTR).

However, the flip side of the coin as also very present: the shakeout in play right now will create fresh opportunities in the space and may provide interested speculators with choice levels in emerging names, such as Riot Blockchain Inc (NASDAQ:RIOT), ISW Holdings Ord Shs (OTCMKTS:ISWH), and Canaan Inc – ADR (NASDAQ:CAN).

दंगा ब्लॉकचैन इंक (NASDAQ: RIOT) is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. The company also holds certain non-controlling investments in blockchain technology companies.

दंगा का मुख्यालय कैसल रॉक, कोलोराडो में है, और कंपनी की खनन सुविधा न्यूयॉर्क के ऊपर से बाहर संचालित होती है, जो सिक्कामिंट के साथ सह-स्थान होस्टिंग समझौते के तहत चलती है।

दंगा ब्लॉकचैन इंक (NASDAQ: RIOT) ने हाल ही में घोषणा की है कि यह नए प्राप्त 1.06 S2,002 प्रो एंटमिनर्स की तैनाती के साथ प्रति सेकंड 19 Exahash की अनुमानित हैश दर क्षमता प्राप्त करेगा।

"हैश रेट क्षमता में 1 ईएच / एस से अधिक होना कंपनी के लिए एक प्रमुख मील का पत्थर है," दंगा के सीईओ जेसन लेस ने कहा। “जबकि हमें इस उपलब्धि पर गर्व है, हम इसे अपनी चल रही विकास योजना के कई चरणों में से एक के सफल समापन के रूप में देखते हैं। दंगा अगली पीढ़ी के खनिकों को बिटमैन से प्राप्त करना और तैनात करना जारी रखता है और 2021 की चौथी तिमाही तक हमारी वर्तमान में तैनात क्षमता से अधिक ट्रिपल के लिए शेड्यूल पर रहता है। "

While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action RIOT shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -10% on above average trading volume. All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities.

Riot Blockchain Inc (NASDAQ:RIOT) managed to rope in revenues totaling $5.3M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 340.7%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($235M against $2.4M).

ISW Holdings (OTCMKTS:ISWH) has made a serious cryptocurrency mining investment over the past year and now has strong and growing mining capacity and equipment deals in the works, with operations in partnership with Bit5ive in Pennsylvania and a coming footprint in Georgia.

जब बिटकॉइन अभी भी $ 10k / सिक्का पर था, तो ISWH अपने POD5IVE रणनीति के साथ अंतरिक्ष में शेयरधारक मूल्य को चलाने के लिए एक दीर्घकालिक रणनीति में लगा हुआ था। सार्वजनिक रूप से उपलब्ध जानकारी के आधार पर, कंपनी अपने क्रिप्टोकरेंसी परिचालन के लॉन्च और रैंप-अप के आधार पर 2021 में बहुत मजबूत वृद्धि के लिए ट्रैक पर है।

ISW Holdings (OTCMKTS:ISWH) conducts mining through its Proceso POD5IVE mining pod, a fully self-contained high-PUE mining solution designed, assembled, and installed in partnership with Bit5ive at the Bit5ive 100 MW renewable energy cryptocurrency mining facility in Pennsylvania.

इसके बाद से खनन फली के अपने बेड़े को तीन गुना कर दिया। प्रत्येक पॉड 280 खनन रिग द्वारा संचालित होता है और वार्षिक राजस्व (वर्तमान क्रिप्टोक्यूरेंसी स्तर पर) में लगभग $ 2.9 मिलियन ड्राइविंग करने में सक्षम है।

ISW होल्डिंग्स ने अपनी खनन क्षमता का निर्माण जारी रखा है, जिसमें इस वर्ष कई अतिरिक्त पॉड्स को ऑनलाइन लाने की योजना है। हालाँकि, पॉड माइनर डेटासेंटर के विपणन के उद्देश्य से पॉड माइनिंग ऑपरेशंस के डेटा को अन्य व्यवसायों और व्यक्तियों के लिए शामिल किया जा रहा है, जो स्वयं-उद्योग में अग्रणी क्रिप्टोक्यूरेंसी खनन समाधान में रुचि रखते हैं।

ISW Holdings (OTCMKTS:ISWH) also continues to make good on its Anti-Dilution Initiative, which was established in 2020. To date, the Company has reduced outstanding shares by nearly 25%, reduced authorized shares by 88% down to 60 million, and eliminated over $3.4 million (or 94%) of outstanding convertible debt. As noted in its recent corporate update, the Company anticipates at least threefold growth in topline performance in 2021 versus 2020 as its expanding crypto mining operations fully ramp up.

Canaan Inc – ADR (NASDAQ:CAN) bills itself as a company that provides high-performance computing solutions to efficiently solve complex problems. In 2016, Canaan successfully initiated the production of its first 16nm chip and passed the test to receive China’s national high-tech enterprise certification. In 2018, Canaan achieved major technological breakthroughs to launch the K210, the world’s first-ever RISC-V-based edge artificial intelligence (AI) chip, which is now widely used for access control in situations such as smart door locks and more.

कनान इंक वर्तमान में उन्नत प्रौद्योगिकी के अनुसंधान और विकास पर केंद्रित है, जिसमें एआई चिप्स, एआई एल्गोरिदम, एआई आर्किटेक्चर, एक चिप पर सिस्टम (SoC) एकीकरण और चिप एकीकरण शामिल हैं। एआई चिप को अपने आधार के रूप में इस्तेमाल करते हुए, कैनान इंक ने एक बौद्धिक मूल्य श्रृंखला स्थापित की है। कनान इंक भी एआई सेवा समाधान का एक सूट प्रदान करता है और अपने सहयोगियों की जरूरतों के लिए इन समाधानों को दर्जी करने में सक्षम है।

Canaan Inc – ADR (NASDAQ:CAN) most recently announced its unaudited financial results for the three months and twelve months ended December 31, 2020, including: Total computing power sold was 0.2 million Thash/s, representing a year-over-year decrease of 93.1% from 2.9 million Thash/s in the same period of 2019 and a quarter-over-quarter decrease of 93.1% from 2.9 million Thash/s in the third quarter of 2020; Total net revenues decreased to RMB38.2 million (US$5.9 million) from RMB463.2 million in the same period of 2019 and RMB163.0 million in the third quarter of 2020; and Gross profit was RMB9.1 million (US$1.4 million) compared to a gross loss of RMB673.4 million in the same period of 2019 and a gross loss of RMB17.0 million in the third quarter of 2020.

Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, “Although the outbreak of COVID-19 caused supply chain disruptions and thus negatively impacted our revenues in the fourth quarter of 2020, our market leadership has enabled us to attain US$174 million of contracted orders with US$66 million of cash advance from customers as of December 31, 2020, thus laying a solid foundation for substantial revenue growth in 2021. During the fourth quarter, we fueled our overseas expansion, invested in our R&D capabilities, refined our supply chain management, and started mass production of our next-generation A12 series of bitcoin mining machines. All of those efforts have enabled us to begin delivering the A12 series of products at a large scale in the first quarter of 2021. In addition to fortifying our core mining machine business, we also achieved meaningful progress in our AI and Artificial IoT segments, both of which we believe have solid growth potential. After deep analysis of specific application use cases and the current market demand for computing power, we designed two new series of AI chips that will be in production in the second half of 2021.”

While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action CAN shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -27% on above average trading volume.

Canaan Inc – ADR (NASDAQ:CAN) pulled in sales of $23.6M in its last reported quarterly financials, representing top line growth of 308.3%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($56.7M against $24.4M).

DISCLAIMER: EDM Media LLC (EDM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. EDM is NOT affiliated in any manner with any company mentioned herein. EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. EDM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. EDM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed EDM has been compensated seven hundred fifty dollars for news coverage of the current press releases issued by ISW Holdings (OTCMKTS:ISWH) by a third party.

ईडीएम किसी भी कंपनी के इस शेयर में नाम नहीं रखता है।

इस रिलीज़ में 27 के प्रतिभूति अधिनियम की धारा 1933A के अर्थ में "अग्रेषित-लुकिंग स्टेटमेंट्स" शामिल हैं, जैसा कि संशोधन किया गया है, और धारा 21E प्रतिभूति विनिमय अधिनियम 1934, के रूप में संशोधित किया गया है और इस तरह के फॉरवर्ड दिखने वाले बयानों को सुरक्षित बंदरगाह के अनुरूप बनाया गया है। 1995 के प्राइवेट सिक्योरिटी लिटिगेशन रिफॉर्म एक्ट के प्रावधान। "फॉरवर्ड-लुकिंग स्टेटमेंट्स" भविष्य की अपेक्षाओं, योजनाओं, परिणामों, या रणनीतियों का वर्णन करते हैं और आमतौर पर "मई", "भविष्य", "प्लान" या "नियोजित" जैसे शब्दों से पहले होते हैं। , "होगा" या "चाहिए", "उम्मीद", "प्रत्याशा", "मसौदा", "अंततः" या "अनुमानित"। आपको आगाह किया जाता है कि इस तरह के बयान जोखिमों और अनिश्चितताओं की एक भीड़ के अधीन होते हैं जो भविष्य की परिस्थितियों, घटनाओं, या परिणामों को आगे देखने वाले बयानों में अनुमानित रूप से भिन्न होने का कारण बन सकते हैं, जिसमें जोखिम भी शामिल हैं कि वास्तविक परिणाम उन संभावितों से भिन्न हो सकते हैं विभिन्न कारकों के परिणामस्वरूप दिखने वाले बयानों में, और कंपनी के फार्म 10-के या 10-केएसबी और इस तरह की कंपनी द्वारा प्रतिभूति और विनिमय आयोग के साथ किए गए अन्य बुरादाओं पर वार्षिक जोखिम की पहचान की गई है। आपको इन कारकों को देखते हुए आगे के बयानों का मूल्यांकन करना चाहिए, जिसमें इस तरह के बयानों पर अनुचित निर्भरता नहीं है। इस विज्ञप्ति में अग्रेषित बयानों को इस तिथि के अनुसार बनाया गया है और ईडीएम ऐसे बयानों को अद्यतन करने के लिए कोई दायित्व नहीं निभाता है।