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investment firm Ninepoint Partners completed the C$ million (US$ million) initial public offering of its. › m-bitcoin-trust-completes-canadian-ipo-fully-inv.
Iris does not hold bitcoin and instantly liquidates it into fiat currency. This, and the focus on renewables and integration with energy markets, is one of the reasons it is popular with institutions. Mr Roberts said institutions are interested in the asymmetric returns, which are created when miners using high-cost energy stop mining as the price of bitcoin falls and the revenue from mining drops below their power costs. This results in them giving up their share of the block rewards to lower-cost miners.
Should the price of bitcoin fall heavily making it uneconomic for Iris to mine, then it would shift to offering high-performance computing from its data centres, given it owns all the land and grid connections. It could sell its green energy into the Canadian grid or use its data centres for artificial intelligence computing.
Part of the interest has been driven by a narrative that bitcoin could replace gold as an asset that can protect against the risk of inflation. This real-world, digital-world dynamic is the source of asymmetric returns in the sector.
Nuestros clientes. Search Tickers. Find information on day trading rules, including Good Faith violations and how they affect margin accounts. Best indian websites for cryptocurrency. Aside from specialized chips, crypto miners have also been snatching up more servers and computers— forcing demand for regular Dram chips used in PCs to skyrocket.
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James Eyers Senior Reporter. Feb 10, — Save Log in or Subscribe to save article.
Since the common shares of the Company are listed on the NEX market of the Exchange, and the Transaction does not constitute a Related Party Transaction under the policies of the Exchange, the Company is not required to seek shareholder approval for the Transaction. For corporate updates, please register to our mailing list at genesis. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable, disinterested shareholder approval.
Where applicable, the transaction cannot close until the required shareholder approval is obtained.
There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of the Company should be considered highly speculative. The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.
Neither the Exchange nor its Regulation Services Provider as that term is defined in policies of the Exchange accepts responsibility for the adequacy or accuracy of this news release. Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable securities legislation that is based on expectations, estimates and projections as at the date of this news release. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, risks related to the Company's ability complete the Transaction, Consolidation, Financing and Name Change, including obtaining approval from the Exchange and the Company's shareholders, if required; the cryptocurrency market generally; and the ongoing effects of the COVID pandemic.
In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to complete the Transaction, Consolidation, Financing and Name Change; historical prices of cryptocurrencies and the ability of the Company to mine cryptocurrencies and there will be no regulation or law that will prevent the Company from operating its business.
The Company has also assumed that no significant events occur outside of the Company's normal course of business. More Business Stories. WestJet adding routes in Western Canada in anticipation of summer demand.
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