Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Thursday, June 19
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Alternative Crypto Stocks Delivering Innovative New Digital Currency Entry Points for Investors
Press Release

Alternative Crypto Stocks Delivering Innovative New Digital Currency Entry Points for Investors

AB News DeskBy AB News DeskMay 14, 2021No Comments6 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Alternative Crypto Stocks Delivering Innovative New Digital Currency Entry Points for Investors - AlexaBlockchain
Alternative Crypto Stocks Delivering Innovative New Digital Currency Entry Points for Investors
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

While holding the digital currencies themselves might still be too new a concept for some investors to consider, the market is currently providing alternative entry points into crypto.

VANCOUVER, B.C., May 14, 2021 /AlexaBlockchain/ – One of the world’s largest cryptocurrency exchanges is now officially publicly trading, having hit a valuation of more than US$85 billion. But while holding the digital currencies themselves might still be too new a concept for some investors to consider, the market is currently providing alternative entry points into crypto through options such a live streaming platform that provides users to participate in digital mining by Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF), mega corporations like Tesla, Inc. (NASDAQ:TSLA) that will be accepting Bitcoin, or direct mining operations such as Marathon Digital Holdings, Inc. (NASDAQ:MARA), Bit Digital, Inc. (NASDAQ:BTBT), or Canaan Inc. (NASDAQ:CAN).

Earlier in April 2020, the global cryptocurrency market topped $2 trillion for the first time. Among the hottest cryptocurrencies during the month was Dogecoin (DOGE), which defied all odds and surged 400% to a combined value worth $40 billion.

For users of the popular social media streaming platform Hello Pal International Inc. (CSE:HP) (OTC:HLLPF), now they can take part in the mining of DOGE as well as Litecoin (LTC)—thanks to a newly signed agreement to access 12,500 mining rigs dedicated to mining both DOGE and LTC.

“We’re ecstatic that our choice of cryptocurrencies to mine seems to have been validated especially by the recent incredible surge in market interest and activity of Dogecoin,” said KL Wong, Founder and Chairman of Hello Pal. “As far as we are aware, upon completion of this transaction, we shall be the only publicly listed company with primary exposure to Dogecoin.”

The operation is at the forefront of these cryptocurrencies in particular, as it’s only been since February 2021 that a new chip was developed and announced to be capable of mining both Litecoin and Dogecoin simultaneously.

Hello Pal subsequently has the option to secure 100% interest in the operation. The newly-acquired Mining Assets deliver a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate.

“We are excited to expand our crypto strategy to also include Dogecoin and Litecoin, which we believe will play an increasingly important role in the cryptocurrency world going forward,” said Hello Pal’s Founder and Chairman, KL Wong. “The Hello Pal community, especially what we envision for it to become, is a natural fit with the Dogecoin/Litecoin community, and this deal allows us to become a key player in it.”

The public reaction Hello Pal’s involvement in the Dogecoin movement, resulted in an unprecedented surge in traffic of over 1000% to the official company website causing a website server overload and a temporary outage.

“The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general,” added Wong.

There’s probably no more prominent figure in the cryptocurrency movement than Elon Musk, Founder and CEO of Tesla, Inc. (NASDAQ:TSLA). In particular, Musk has championed both Bitcoin (BTC) and DOGE.

Now the market is reacting to Tesla’s first set of results since adding $1.5 billion worth of BTC to its balance sheet—with a promise to increase its holdings.

According to Wedbush Securities analyst Daniel Ives back in February, “[Tesla is] on a trajectory to make more from its bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020.”

And because the company also manufactures solar panels and batteries, the head of Ark Research is claiming Tesla has a significant “product opportunity” in attaching Bitcoin Mining equipment to their solar outfits.

Prior to the financials release, Musk teased the market by tweeting “What does the future hodl?”. And no, that wasn’t a typo—”hodl” is an intentionally misspelled meme used among the crypto crowd in place of the word “hold”.

Musk’s company may not be the only ones hinting at holding cryptocurrency. Crypto mining giant Marathon Digital Holdings, Inc. (NASDAQ:MARA) doesn’t convert its mined cyrptos into dollars—instead opting to hold them on their balance sheet.

According to H.C. Wainwright Analyst Kevin Dede, Marathon has “its paws on the top performing mining machines available in mass production, with claims on all to be manufactured through the March quarter 2022— a full year away.”

Dede also highlighted the company’s strong cash position (outside of the cryptocurrency), stating: “The 5-star analyst also notes the company’s strong cash position: “In combination with $212M of cash, Marathon sits well on top of the estimated $160-170M owed on the collection of Bitmain Antminer purchase contracts leading to the company’s 103,000 miner fleet that should be up and running by the end of the March quarter next year, the largest in the publicly traded realm of bitcoin miners with which we are familiar.”

North American miners Bit Digital, Inc. (NASDAQ:BTBT) recently announced the expansion of their bitcoin mining operations in North America. The expansion involves adding 40MW of hosting, and the deployment of an additional 13,000 ASIC miners at Compute North facilities in the United States.

“Compute North serves an important role in providing low-cost computing for customers like Bit Digital, while filling an important need for our energy partners,” commented PJ Lee, co-founder and Chairman at Compute North. “The company’s pioneering TIER 0™ data center design creates cost efficiencies and the flexibility to throttle power demand at each facility as required, making it a critical partner to the overall stability of local power grids as they bring more renewables online.”

Not all miners are in the same positive situation, as Chinese-based Canaan Inc. (NASDAQ:CAN) is currently embroiled in the launch of dozens of class-action lawsuits (example) from angry shareholders.

The legal onslaught hasn’t deterred Canaan from carrying on with its operations, having announced a partnership with Cathay to launch a AI facial recognition module and AI chip in Japan, and a significant customer order of 11,760 BTC mining machines with Australian-based Mawson.

“Our contract with Mawson is a strong validation of our product quality, technology superiority, and supply reliability,” said Nangeng Zhang, Chairman and Chief Executive Officer of Canaan. “We look forward to forging a long-term relationship with Mawson and supporting the growth of its bitcoin mining operations around the world.”

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

SOURCE USA News Group

Canada Crypto Investment Cryptocurrency Digital Assets
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AB News Desk
  • Website

AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

More AlexaBlockchain

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

June 19, 2025

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

June 17, 2025

QFSCOIN Launches Affordable Cloud Mining Contracts to Democratize Bitcoin Access

May 30, 2025

Taurus, Parfin to Build Institutional Digital Asset Infra Across Europe and LatAm

May 27, 2025

Bitcoin Sets Course for $152K by Q1 2026

May 3, 2025

Crypto UX Problem Persists Despite Growth, Finds Reown and Nansen’s 2025 Onchain UX Report

April 30, 2025
Add A Comment

Comments are closed.

Don't Miss

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

Tristan Thompson Joins AxonDAO as Board Member and Partner

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.