Cryptocurrencies are part of every day conversation. It appears they are not going anywhere, at least no time soon. With this growth in the adoption and expansion of crypto, there are several firms who are finding ways to profitability join the blockchain.
Firms like US-based Marketing Worldwide (OTCMKTS: MWWC) and its crypto-mining firm Minosis, are facilitating crypto transactions and creating returns for investors as a result. MWWC is one of five companies we’ve identified as possible buys savvy investors may want to find space for on their watchlists.
Marketing Worldwide Corp. (OTCMKTS:MWWC) put out a very exciting tweet last week. The company announced a major news push over the next month starting this week. MWWC is developing a crypto-mining platform called ‘Minosis’, the platform allows miners from novice to expert the ability to mine six different coins. The upcoming news event could be major catalysts for the stock. Make sure you are ready. Do your research on MWWC today.
Sos Ltd – ADR (NYSE:SOS): The SOS stock has been a favoured stock among many retail investors for a long time and hence, it was no surprise at witnessing the staggering 30% rise in the stock recently. In addition to that, the stock also clocked significant trading volume.
Despite the surge in the stock recently, it ought to be noted that over the course of the past year, the stock has gone through a fairly rough time. In light of the latest surge in the stock, it is going to be interesting to see if the retail investors can help in pushing the stock to the psychologically important $1 a share mark or not.
HIVE Blockchain Technologies Ltd (NASDAQ:HIVE): If you are currently looking into Blockchain stocks then it could well be the right time to start tracking the HIVE Blockchain stock. It emerged as one of the major movers this week and for good reason too. The stock rallied after the company revealed that cryptocurrency mining revenues continued to rise in the third quarter.
It is believed that the rebound in prices that was seen in Ethereum and Bitcoin, two of the world’s biggest cryptocurrencies, was the major reason behind the mining revenues boost for Hive Blockchain in the quarter. The company managed to bring in digital currency mining revenues to the tune of as much as $66.18 million in the third quarter. That also proved to be a significant jump from the $52.61 million in digital mining revenues that the company had generated in the previous quarter.
Digihost Technology Inc. (NASDAQ:DGHI) mined approximately 62.58 BTC in January 2022, an jump of 28.88 BTC or 86% compared to January 2021. Using the January 31, 2022 and January 31, 2021 closing BTC prices , respectively, the value of the Company’s BTC mined in January 2022 increased by approximately $1.3 million, or approximately 116%, compared to January 2021. Total Ethereum (“ETH”) holdings of 1,000.89 ETH valued at approximately $2.7 million as of January 31, 2021 based on a month end ETH price of $2,650.
Bit Digital Inc (NASDAQ:BTBT): Another crypto stock that performed poorly yesterday was that of Bit Digital. Although the crypto market had performed strongly yesterday, Bit Digital saw its stock tank by as much as 8% at one point yesterday.
In this context, it ought to be noted that the stock is down by as much as 27% over the course of the past month. Yesterday, the company made one of its filings with the United States Securities and Exchange Commission public, in which it was noted that selling shareholders could sell as many as 23.6 million shares in Bit Digital to institutional investors.
