Vancouver, Kelowna, Delta, BC April 11, 2022 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

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Stocks discussed: (NYSE:MA) (NYSE:SQ) (NasdaqGS:TSLA) (CSE:BTC)

Cointelegraph reports that Mastercard (NYSE:MA) has filed 15 non fungible token (NFT) and metaverse trademark applications with the United States Patent and Trademark Office (USPTO). According to the article, this comprises “plans for a virtual community for interacting with digital assets, the processing of payment cards in the Metaverse, an online marketplace for buyers and sellers of downloadable digital goods, virtual reality events and more.” This follows the payment giant’s hiring of more than 500 new employees in February “to consult with banks and merchants about adopting crypto-enabled technologies and NFTs.”

Crypto storage firm Blockstream, a private company, and Block, Inc. (NYSE:SQ), formerly known as Square, have announced the construction of a fully solar-powered, open-source Bitcoin (BTC) mining facility. The collaborative venture is going to be powered by a 3.8 Megawatt (MW) Tesla (NasdaqGS:TSLA) Solar PV array and 12 Megawatt-hour (MWh) Megapack, which is expected to “drive the 30 Petahashes per second of mining hardware at the facility with 100% solar energy.” At the time of the project’s announcement in June 2021, Blockstream’s CIO, Chris Cook, commented:

“Together, we plan to provide public transparency by sharing the project economics and knowledge we’ve gained from building a Bitcoin mine powered by renewable energy. Ultimately, we hope to demonstrate how bitcoin mining in conjunction with renewable energy can help drive the clean energy transition.”

Bluesky Digital Assets Corp. (CSE:BTC) has entered into a strategic Joint Venture agreement with Monbanc Corporation with the aim of expanding its current Bitcoin mining operations and capabilities in Texas. The first phase of this agreement will see both companies acquiring “a 50% working interest in an industry revolutionary and "state of the art" 1MW Bitmain Antbox Liquid Cooling System which will house a combined 195 S19 Pro+ Hyd (S19 Hydro) ASIC Miners which are hydro / liquid cooled. Bluesky’s CEO, Ben Gelfand, said:

"The selection of the S19 Hydro was based on the fact that the cooling technology makes this miner the ideal unit to withstand any temperature uptick in the Texas region. The strategy we are targeting is to acquire and to have a minimum of 10 MW of these units in operation between Q4 2022 and Q1 2023."

Sam Mowers, Investorideas

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