Overview submitted by SpaceMonkeyXLII to pennystocks [link] [comments] Hut 8 Mining Corp., headquartered in Toronto, Canada is a cryptocurrency mining and blockchain infrastructure company focused solely on mining bitcoin. It’s one of the largest publicly traded bitcoin miners in the world with over 2,900 bitcoins in its treasury reserve. Tickers TSX: HUT OTCQX: HUTMF Why invest in Hut? Short-term Short-term, the price of bitcoin is rising. Recently bitcoin has hit new all-time highs and it’s expected to surpass 20,000$ this bull cycle. ● Paypal is on the cusp of going global with its crypto initiative, which will see 26 million companies accepting cryptocurrencies as a valid form of payment. The CEO of Paypal has recently stated that he expects vendors to prefer cryptocurrencies to other forms of payment methods going forward into the future, as has been shown by the data gathered in their US trial run. ● There is both public and private interest in bitcoin currently. Countries like Nigeria, Iran, and Venezuela are utilizing bitcoin instead of their normal fiat currencies. ● The state of California is set to have a hearing regarding the recognition of cryptocurrencies as a legal asset in 2022. ● Private corporations are also beginning to offset their cash reserves and treasuries in bitcoin. We’ll likely see a small-scale adoption in the summer of 2021 with Twitter leading the charge. Companies that have already done this include Microstrategy, Grayscale and Square (https://bitcointreasuries.org/ ). Realistically, the mass adoption of crypto is underway, it isn’t hard to see why so many analysts predict the price of bitcoin to be 100k or higher. Long-Term We expect that long-term, the yearly return on investment will greatly surpass bitcoin and many other Cryptocurrencies as both private corporations and world governments begin to integrate blockchain on a socio-economic level. We can already see this trend with the vast public sector interest in the formation of Central Bank Digital Currencies, integrated smart cities, and digital ID’s. This is of-course a bullish outlook, as blockchain infrastructures require a significant amount of computational power in order to operate effectively. The infrastructure is hard to establish and costly to run. Therefore it will be in both private and public interest to offset these costs onto private contractors, like Hut8 Mining. Recent News ● 1031PH/s Petahashes per second mining capability Q3 2020 Report Highlights ● Quarterly revenue of $5.8 million with mining profit margin of -37%. ● Renegotiated key terms with lender to provide more downward flexibility with bitcoin collateral and save Hut 8 nearly $500,000 per year in interest expense. ● Hosting revenue of $0.5 million from Hut 8’s first hosting client with 6MW of latest generation bitcoin mining equipment. ● Transferred the management of site operations from Bitfury to Hut 8, providing savings of over $1.5 million per year. ● Made a bitcoin equipment order for 275 PH/s of which 154 PH/s using 6.7MW was installed this quarter with the remainder expected to be installed by the end of 2020. ● Hut 8 became the first company to enter and exit the TSX Sandbox successfully, which solidifies its place as a TSX issuer. Q3-2020 was the first full quarter after the bitcoin halving where bitcoin production was cut in half while the network hash rate continued to rise, making it one of the most difficult periods for bitcoin miners to operate. To put this into context, it became 140% more difficult to mine for a bitcoin from just before the halving in May 2020 to September 30, 2020, while the bitcoin price increased by 9% in that same period. The economics of mining bitcoin has significantly improved subsequent to Q3-2020. Hut 8 also recognized $0.5 million of hosting revenue after signing up its first client with 6MW of latest generation bitcoin mining equipment. This is a new revenue stream for Hut 8 and provides consistent recurring revenue with its available electrical capacity and existing infrastructure. Hut 8 has continued to find ways to reduce costs in Q3-2020 through many successful initiatives in the quarter. In July 2020, the Company re-negotiated its credit facility terms with Genesis Global Capital, LLC (“Genesis) and successfully reduced the interest rate from 9.85% to 8.00% per annum saving approximately $500,000 per year. Another initiative during Q3-2020 was that Hut 8 transferred the Clarke chips from its Drumheller facility to Medicine Hat which brought together Hut 8’s higher efficiency chips with its best electricity pricing at Medicine Hat. Also, Hut 8 completed the transfer of the management of operations of both the Medicine Hat and Drumheller facilities from Bitfury to Hut 8, providing for savings of over $1.5 million per year. With full control over the sites, Hut 8 will continue to streamline operations while maintaining the highest industry standards. Hut 8’s strategy of mining and holding bitcoin continued to pay off as there was a $5.6 million gain on the re-measurement of bitcoin holdings in Q3-2020. Additionally, by only strategically selling bitcoin at higher prices, Hut 8 recorded a $0.2 million gain on the use of digital assets. Overall, for Q3-2020, Hut 8 recorded a net loss of approximately $0.9 million and a negative Adjusted EBITDA of $2.9 million. More than halfway through the quarter, Hut 8 completed the installation of 1,000 M31S and 1,000 M31S+ mining equipment at its Medicine Hat facility. The equipment collectively increased Hut 8’s mining power by approximately 154 PH/s using 6.7 MW of power. The remainder of the equipment purchase, which consists of 1,590 M30S units is expected to be shipped sometime soon and will provide an additional 140 PH/s using approximately 5.3MW. Hut 8 also achieved a milestone when they became the first company to successfully exit the TSX Sandbox which solidifies Hut 8 as a TSX listed issuer. Hut 8 was also the first issuer to be listed to the TSX via the TSX Sandbox and has been trading on the senior TSX exchange since early October 2019. Predicted Price Range Current Price: 1. 6 9$ CAD (December 3rd 2020 1 5:09 UTC). Short-Term (5-6 months): 4- 5$ Long-Term (2-3 years): 20 -25$ RIOT Blockchain - A comparison to competition RIOT runs a similar mining operation however there are quite some contrasting differences. RIOT is currently heavily pumped on various subreddit's, discords, and Twitter. Currently, it is overpriced for what it is worth. Comparatively, Hut has 3x the production capacity of RIOT and 3x the bitcoin reserves ( https://bitcointreasuries.org/ ) Long term it is likely that Hut will exceed the ROI of RIOT. It has done this in the past in 2017 and will do it again. As the price of bitcoin grows, so too will the price of Hut exponentially. Our argument is not that RIOT is bad, but that Hut is being overlooked. Risks involved ● Quarterly Losses; this however is the norm within the crypto mining industry, and can be expected of any new industry. We are likely to begin to see the returns on investment as the price of bitcoin rises, and economies of scale begin to come underplay. ● Low exposure; being a Canadian miner, and being predominantly traded on Canadian stock exchanges, Hut receives lower exposure than its American counterparts. This means that the stock typically moves slower, but as such is subject to lower levels of volatility. Conclusion There are numerous reasons to be bullish on Hut. Its sheer size and capacity to mine bitcoin, certainly gives it a competitive advantage. Its bitcoin reserves make it a safe bet as the price of bitcoin is expected to rise on a macro time scale. There are a number of socio-economic phenomena driving up the price of bitcoin, however, as discussed Hut will likely transcend that as private and public blockchain based contracts become more readily available. Compared to its largest direct competitor, Hut outclasses Riot in terms of sheer numbers but lacks the same level of exposure as RIOT. Its quarterly losses are concerning but are expected within a newly forming industry; and it is important to note that its fellow competitors face the same constraints. The low exposure is something that should be fixed as it begins to be discussed more commonly within public discourse, specifically stock forums, subreddit's and discords, as well as on Twitter. There is a lot of potentials here for growth. This is a long term bet, buy and hold for the next 2-3 years. TL;DR A strong long-term play, likely to pay out in the realm of 10-20x if held for a period of 2-3 years. (See below for Q3 2020 Report) https://preview.redd.it/om5mrtjx86461.png?width=910&format=png&auto=webp&s=ad6af023d5d28ebb8b350d306bb80b7b4731f928 |
Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API. Paystack currently has around 60,000 customers, including small businesses, larger corporates, fintechs, educational institutions, and online betting companies, and the plan will be for it to continue operating independently, the companies said.
Paystack had been on Stripe's radar for some time prior to acquiring it.
In 2018, Stripe led an $8 million funding round for Paystack, with others participating including Visa and Tencent.
In the last several years, Stripe has made a number of investments into startups building technology or businesses in areas where Stripe has yet to move.
"But with Paystack, clearly they've put a lot of original thinking into how to do things better. There are some details of Stripe that we consider mistakes, but we can see that Paystack 'gets it,' it's clear from the site and from the product sensibilities, and that has nothing to do with them being in Africa or African."
Stripe and Paystack postponed the original announcement in part because of the current situation in the country.
BMRG (B Riley Merger Corp II) Signs LOI with Eos Energy Storage 6/24 submitted by GhostfacexProdigy to SPACs [link] [comments] Key Points - great technology (IP) which is safer and more reliable vs competitors - energy storage facing CAGR of 20% for next two decades - industry (including solar) which has been BOOMING (check out all the clean energy, EV and Solar Stocks) - continued subsidies for energy storage/ carbon reduction/clean energy/infrastructure - EOS management very strong with ties to industry, big energy players and state - B Riley backing gives many resources - vast market segments include – commercial/industrial, utility renewables and other energy sectors - climate change + population growth + raising the poverty line increase demand for (clean) energy and (safer) storage - growing ($$$) popularity of ESG from investors and hedge funds alike - this is the groups 2nd SPAC (see BRPM below) - significant risks (see below) Strong management from Eos, unmatched IP and a booming industry make BMRG/EOS a buy for long steady growth despite obvious risks IMO. This industry is f*cking hot (plus factor is growing SPAC popularity) .. just look at SPAQ today.. I would really appreciate anyone with a bear case or battery or industry knowledge to chime in the comments! Structure: Lawyers: Winston & Strawn & Ellenoff, Grossman & Schole (both top of the line) BF Riley running their own books (could be a nice bonus IMO) 175m Trust May 2020 IPO 18mo Deadline 1 Unit = 1 + ½ Warrant Additional Terms: 1. Crescent Term: $9.20 threshold 2. FPA: $25M units at $10.00 3. Limitation on Redemption Rights: 20% 4. Chardan is QIU 5. 50m PIPE? (need to confirm) “The proposed transaction with BRPM II would provide Eos with approximately $225 million of additional new equity financing, including $50 million of proceeds from a fully backstopped PIPE by B. Riley Financial, assuming no public shareholders of BRPM II exercise their redemption rights at closing. The proposed transaction is expected to be completed in the fourth quarter of 2020, subject to, among other things, the negotiation and execution of a definitive agreement providing for the transaction, the approval by BRPM II’s shareholders, satisfaction of the conditions stated in the LOI and other customary closing conditions. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.” “We believe now is the ideal time for management to unlock the full potential of a truly disruptive solution to address a clear need in the global energy storage market." Daniel Shribman (BMRG CEO) “The global energy storage ecosystem is expected to grow with a CAGR of 20% over the next 20 years. The current market is primarily served by lithium ion batteries manufactured in China and South Korea – and with our zinc-based system offering a safer, greener, and less expensive solution, it is our strong belief that Eos is poised for significant long-term growth and material cash flow generation.” Joe Mastrangelo (Eos CEO) “Over the course of the last 12 months, more than 20 energy storage systems in Korea have caught fire, and in April last year, a 2MW battery array in Arizona caught fire and eventually exploded. Fires linked to lithium-ion batteries also occurred in Europe and Australia.” “According to experts with the Newton-Evans Research Co., the U.S. energy storage market will grow to more than $5 billion by 2024, which is about an eight-fold increase from 2019 levels” EOS Founded in 2008, Eos Energy Storage is an established provider of long-duration energy storage focused on providing a domestic solution to a global need: low-cost, safe, and environmentally friendly energy storage. Eos has proven its technology over a ten-year period of testing, development, deployment, and operation, and is focused on accelerating the growth of clean energy in the United States by deploying large scale storage solutions that deliver reliable and cost-competitive power in a safe and environmentally sustainable way. The Eos Aurora® system is designed to meet the requirements of the grid-scale energy storage market using Eos' patented aqueous, zinc-powered battery technology to offer a safe, scalable, fully recyclable and sustainable alternative to lithium-ion battery power. Its patented Znyth® technology requires just five core commodity materials – all of which are Earth-abundant, non-conflict minerals, and are 100% recyclable. Eos' battery is non-flammable and does not require any moving parts or pumps, which allows for simple upkeep and market-leading low-cost operations.” Values: Our Quest. We will not rest until the world has sustainable and affordable energy on demand. Our Ethos. We believe in the power of great chemistry– in our products and our team. Our Drive. We invent, iterate & deliver the best solutions for the future of energy, today. Management team is strong, deep and experienced with industry connections and “led by a team of professionals with deep scientific, regulatory and operating experience across the energy value chain. Joe Mastrangelo, Eos' Chief Executive Officer, is a 25-year General Electric ("GE") veteran who has both traditional and renewable energy experience, and served as president and CEO of Gas Power Systems for GE's Power division. Russ Stidolph, Chairman of the Eos Board of Directors, is founder and Managing Director of AltEnergy LLC, a private equity firm focused on alternative energy investing.” “It is clear to me that storage is the key to scaling clean energy faster. Eos has established a solid foundation of learning and has optimized a lithium alternative solution that is ready to scale and meet the world’s rapidly growing demand for energy storage. I’m proud to lead this team at an exciting and crucial moment for the company.” said Mastrangelo. https://www.businesswire.com/news/home/20170905005875/en/Eos-Energy-Storage-Appoints-Energy-Industry-Veterans (management experience) https://eosenergystorage.com/eos-energy-storage-strengthens-leadership-to-prepare-for-future-growth-with-two-executive-appointments/ (management additions 1) https://www.businesswire.com/news/home/20170905005875/en/Eos-Energy-Storage-Appoints-Energy-Industry-Veterans (management additions 2) Competitive Advantages: https://preview.redd.it/43q1aq9abx951.png?width=663&format=png&auto=webp&s=07f8d50aebaeb7179cc61781c883d74e13c5d289 “The high-temperature climate of the Mediterranean poses many challenges for lithium chemistries requiring costly HVAC additions, where Eos does not It is the first development in the region, with potential follow-on opportunities for larger utility scale projects across the entire Mediterranean.” “This project is not only our initial entry into the dynamic Greece energy storage market, but it’s also an opportunity to demonstrate the many advantages of our storage technologies including performance, safety, and environmental conditions,” said Joe Mastrangelo, CEO of Eos Energy Storage.” IP is great with a superior and safer product vs competition Industry Growth: (could go deeper but its basically common knowledge) https://preview.redd.it/a3o62nbbbx951.png?width=602&format=png&auto=webp&s=bbd2d61dd660a3e445c283e05656b62378529622 https://preview.redd.it/wq8prf3cbx951.png?width=621&format=png&auto=webp&s=b3eaf40b34ab1f6272f2475efa747f9f4b09b2db BMRG (B Riley Merger Corp II) Management is pretty tight knit here featuring B Riley himself, B Riley current and past execs + BRPM I team + plus few others. Posted it from the S1 so its pretty detailed. I do like the management here and they have decent energy/IB connections but it could be stronger IMO Daniel Shribman, 36 CEO, CFO & Director Mr. Shribman helps oversee the asset base of B. Riley Financial alongside chief executive officer Bryant Riley. This asset base consists of several cash flow generating operating businesses in addition to cash and investments of roughly $750 million. The investment portfolio includes bilateral loans and small cap equity positions in both public and private markets. In virtually all investments, B. Riley Financial is involved at the board level and active in business and capital allocation decisions. Mr. Shribman has served as a member of the board of directors of Alta (NYSE: ALTG) since February 2020, when it completed its business combination with BRPM, where Mr. Shribman was chief financial officer. Mr. Shribman brings experience in both public and private equity to us. Prior to joining B. Riley, Mr. Shribman was a Portfolio Manager at Anchorage Capital Group, L.L.C., a special situation asset manager, from 2010 to 2018. During Mr. Shribman’s tenure at Anchorage Capital Group, L.L.C., he led investments in dozens of public and private opportunities across the general industrial, transportation, automotive, aerospace, gaming, hospitality and real estate industries. Prior to Anchorage Capital Group, L.L.C., Mr. Shribman worked at Tinicum Capital Partners, a private equity firm, and in the restructuring advisory group at Lazard (NYSE: LAZ). 📷 Board of Directors Bryant Riley, 53 Chairman Mr. Riley served as the chairman of B. Riley & Co., LLC since founding the stock brokerage firm in 1997 until its combination with FBR Capital Markets & Co., LLC in 2017; chief executive officer of B. Riley & Co., LLC from 1997 to 2006; and as chairman of BRPM from April 2019 until the completion of its business combination in February 2020. Mr. Riley has served as a member of the board of directors of Babcock & Wilcox Enterprises, Inc. (NYSE: BW) since April 2019 and Select Interior Concepts, Inc. (Nasdaq: SIC) since November 2019. Mr. Riley also previously served on the board of directors of Franchise Group, Inc. (Nasdaq: FRG) from September 2018 to March 2020 and Sonim Technologies, Inc. (Nasdaq: SONM) from October 2017 to March 2019. Mr. Riley received his B.S. in Finance from Lehigh University. Mr. Riley’s experience and expertise in the investment banking industry will provide our board of directors with valuable insight into the capital markets. Kenneth Young, 56 Director Mr. Young has served as chief executive officer of B. Riley Principal Investments, LLC, a wholly-owned subsidiary of B. Riley Financial, which acquires, invests and operates companies across several verticals, including communications, media, construction and retail, with a focus on maximizing cash flows through operational expertise, since October 2016. Mr. Young served as the chief executive officer and as a director of BRPM from October 2018 until its initial business combination with Alta (NYSE: ALTG) in February 2020. Mr. Young currently serves as chief executive officer at Babcock & Wilcox (NYSE: BW) since November 2018. Mr. Young has served as a member of the board of directors of Orion Energy Systems, Inc. (Nasdaq: OESX) since 2017 and currently serves on the board of directors of Sonim Technologies (Nasdaq: SONM). He also served on the board of directors of Franchise Group, Inc. (Nasdaq: FRG), Standard Diversified (NYSE: SDI), and Globalstar, Inc. (NYSE: GSAT). FMr. Young served as the president and chief executive officer of Lightbridge Communications Corporation. Patrick J. Bartels Jr., 44 Director Mr. Bartels has been the managing member of Redan Advisors LLC, a firm that provides fiduciary services, including board of director representation and strategic planning advisory services, for domestic and international public and private business entities, since December 2018. Prior to founding Redan Advisors LLC, Mr. Bartels was a senior investment professional with 20 years of experience. From 2002 to December 2018, Mr. Bartels served as a Managing Principal at Monarch Alternative Capital LP, a private investment firm that focused primarily on event-driven credit opportunities. Prior to Monarch, he served as research analyst for high yield investments at Invesco Ltd. (NYSE: IVZ), where he analyzed primary and secondary debt offerings of companies in various industries. His professional experience includes investing in complex financial restructurings and process-intensive situations in North America, Asia and Europe in a broad spectrum of industries. Mr. Bartels currently serves on the board of directors of Arch Coal, Inc. (NYSE: ARCH), Hexion Inc., Brinks Home Security and Centric Brands Inc. (Nasdaq: CTRC); he serves on the Nominating and Corporate Governance Committee and the Audit Committee for Arch Coal, Inc. Mr. Bartels began his career at PricewaterhouseCoopers LLP, where he was a Certified Public Accountant. Jamie Kempner, 62 Director Mr. Kempner has been president of LSH Partners since December 2016. Prior to this position, Mr. Kempner was president of Loeb Partners Corporation from 2014 to 2016. Mr. Kempner began his career at Lazard (NYSE: LAZ), in 1983 and was named a general partner in 1993. Mr. Kempner was involved in banking and capital markets transactions and managed Lazard’s Corporate Finance department from 1995-1998 and founded Lazard’s Logistics and Transportation group in 2000. His most recent role was as senior advisor in Lazard’s general industrials banking group, with emphasis on companies in the Transportation and Logistics industries. Mr. Kempner also served on the Underwriting and Private Placement Committees of Lazard. Mr. Kempner has extensive experience advising on a number of corporate transactions and initial public offerings. Mr. Kempner has been a member of the board of directors of Private Wealth Partners since September 2018, and served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. Mr. Kempner received a B.A. from Yale University and an M.B.A. from Harvard Business School. Timothy Presutti, 51 Director Mr. Presutti currently serves as managing partner and chief investment officer of Woody Creek Capital Partners LLC, a private investment firm he founded in 2007 that specializes in private credit and special situation investing. Mr. Presutti has been the sole owner and managing director of Woody Creek Capital Partners LLC since 2006, Woody Creek Capital Management LLC since 2018 and Wocap II GP, LLC since 2017. Mr. Presutti additionally serves as senior advisor to the Bosarge Family Office based in Houston, TX. Mr. Presutti has nearly twenty-four years of finance experience, spanning investing, portfolio management, trading and capital markets. As co-founder of Broadbill Investment Partners, an investment management firm, Mr. Presutti oversaw all capital raising for two funds and a co-investment platform. He was a member of the Investment Committee and is now a senior advisor, minority owner and managing director to Broadbill Investment Partners since 2011. Mr. Presutti started his career at Bankers Trust, which was acquired by Deutsche Bank Securities Inc. in 1999; his last position there was managing director and head of High Yield trading from 2005 to 2007. Mr. Presutti served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. Robert Suss, 51 Director Mr. Suss has been co-chief executive officer of UK Agricultural Finance, a company that provides underwriting to local farming communities in the United Kingdom, since 2016, and non-executive chairman of EG Capital Advisors, a London-based investment firm, since 2017. Mr. Suss has served on the board of directors of Kingswood Group PLC since 2019. Until 2015, Mr. Suss was a managing director at Goldman Sachs & Co. LLC where he worked for 18 years in the Investment Management Division. Mr. Suss served on the audit committees of the board of directors of Pace Holdings Corp. from 2015 until the completion of its business combination in March 2017 and TPG Pace Holdings Corp. from 2016 until the completion of its business combination in November 2019. Mr. Suss also served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. BRPM (B Riley Merger Corp I): Alta Equipment Company didn’t seem to fair too well.. thanks to covid? (s/h vote was Feb 11 2020) Looks like B Riley bought more equity in April .. good sign? “Alta Equipment Group, Inc. owns and operates integrated equipment dealership platforms. It sells, rents, and provides parts and service support for several categories of equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment through its branch network. The company was founded in 1984.” Possible Catalysts: New Sales Orders Definitive Agreement (and then Merger) Release of (Positive) Financial Data Proprietary Advancements (R&D) Risks/Downside: Deal could fall through (definitive agreement not guaranteed or even possible SEC investigation/lawsuits) Financial data released might be poor or priced in Lower Risks: I couldn’t find many other institutions involved besides B Riley (maybe two others) Relatively low price action since IPO àLOI (institutions/sector analysts haven’t yet priced/awaiting progress?) “The JOBS Act, enacted in 2012, contains provisions that, among other things, relax certain reporting requirements for qualifying public companies” (keep seeing this in S1’s can someone confirm it is standard?) BRMG Shareholder value may or may not decrease with mergecombination Recent Media/Links: https://eosenergystorage.com/eos-energy-storage-supplies-energy-storage-to-microgrid-developments-for-electrifying-rural-communities-in-nigeria/ (new project 7/2020) https://www.prnewswire.com/news-releases/b-riley-principal-merger-corp-ii-and-eos-energy-storage-announce-letter-of-intent-for-business-combination-301083051.html (LOI) https://www.businesswire.com/news/home/20171025005889/en/PSEG-Installs-Commissions-1-MWh-Eos-Aurora http://www.prweb.com/releases/eos_energy_storage_to_deploy_its_latest_generation_battery_system_in_pala_california_energy_storage_yard/prweb17203153.htm (California Energy Commission Partnership) https://www.energy-storage.news/blogs/video-global-energy-storage-market-forecast-with-guidehouse-insights (Energy Storage Analyst Forecast) https://www.energy-storage.news/blogs/building-battery-storage-systems-to-meet-changing-market-requirements (Industry/Competition) https://www.businesswire.com/news/home/20130520006558/en/Eos-Energy-Storage-Raises-15-Million-Strategic ( Funding back in 2013) http://www.prweb.com/releases/eos_energy_storage_teams_with_motor_oil_and_ingeteam_to_bring_efficient_energy_storage_solutions_to_large_greek_refineries/prweb17125184.htm “Eos was recently (5/2020) awarded a contract to manufacture, design, and deliver a 1MW 4MWh behind the meter (BTM) Battery Energy Storage System (BESS) in Motor Oil’s Corinth Refinery in Athens, Greece and has partnered with Ingeteam to provide the full AC integrated system with their INGECON Bseries Inverter + Miniskid MV solution and INGECON EMS Plant Controller. This is Eos’ first project in Greece, expanding upon their European commercial presence.The project will enable Motor Oil to optimize their onsite generation without fear of flammability or thermal runaway due to Eos’ inherent and proven safety. Eos’ Energy Storage System will provide full 100% depth of discharge, flexible charge/discharge capabilities with no impact to degradation, minimal auxiliary power requirements, and a 15+ year life. The benefits to Motor Oil are financial savings in fuel and maintenance, and reduced energy costs during times of peak demand, all increasing the efficiency and resiliency of the refinery’s electrical grid system. “We consider Eos battery technology as the most competitive and attractive one compared to Li Ion batteries, capable of offering a lot of opportunities in large scale BESS in the future,” said Vassilis Viziryiannakis, Head of Electricity Business of Motor Oil Hellas. SEC Files Here Disclaimer: I own BMRGU and am building an ESG SPAC portfolio.. stay tuned for future DD TLDR: Is BMRG going to see significant growth with definitive agreement/merger or did industry analysts already price it in? |
Wirecard AG filed for bankruptcy on Thursday. Your Payoneer Prepaid Mastercard® card is issued by its UK subsidiary Wirecard Card Solutions Limited (WCSL). Today, the Financial Conduct Authority (FCA) , which regulates WCSL, imposes requirements on WCSL and freezes all prepaid card activities for the time being. We believe that cardholder funds are adequately protected and that freezing will only be temporary.Prepaid card funds are definitely safu, in other words, from subsidiary company of a company that misplaces billions of dollars like it's wedding confetti. I am not sure exactly which countries are affected - but it looks like most, if not all of Europe and some other countries globally? Here's a quick short list of nations made from Fiverr users who have reported issues:
WCS uses an e-money licence rather than a full banking licence, meaning customer funds are not covered by the Financial Services Compensation Scheme. However, the company wrote to customers on Thursday, before the latest FCA intervention, to reassure them that all client funds were safely held in segregated accounts with major banks.So, prepaid card funds may not be safu after all? From what I think is their updated TOS (it's duplicated all over the place on affiliated sites, so I can't find the original):
22. FUNDS PROTECTIONHow I read that: you're not covered by the comp scheme, but we're very responsible with money so it's OK (canned_laughter.mp3). I guess it depends on how compliant those secure accounts are with the FCA's safeguarding thingies.
The Prepaid MasterCard is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. No other compensation scheme exists to cover the losses claimed in connection with the Prepaid MasterCard. This means that in the event that Wirecard Card Solutions Ltd becomes insolvent Your funds may become valueless and unusable and as a result You may lose Your money. However, as a responsible e-money issuer, Wirecard Card Solutions Limited ensures that once it has received Your funds they are deposited in a secure account, specifically for the purpose of redeeming transactions made by Your Prepaid Card. In the event that Wirecard Card Solutions Limited becomes insolvent funds that You have loaded which have arrived with and been deposited by Wirecard Card Solutions Limited are protected against the claims made by creditors.
BMRG (B Riley Merger Corp II) Signs LOI with Eos Energy Storage 6/24 submitted by GhostfacexProdigy to SPACfeed [link] [comments] Key Points - great technology (IP) which is safer and more reliable vs competitors- energy storage facing CAGR of 20% for next two decades- industry (including solar) which has been BOOMING (check out all the clean energy, EV and Solar Stocks)- continued subsidies for energy storage/ carbon reduction/clean energy/infrastructure- EOS management very strong with ties to industry, big energy players and state- B Riley backing gives many resources- vast market segments include – commercial/industrial, utility renewables and other energy sectors- climate change + population growth + raising the poverty line increase demand for (clean) energy and (safer) storage- growing ($$$) popularity of ESG from investors and hedge funds alike (check out alike link ESG is $$)- this is the groups 2nd SPAC (see BRPM below)- significant risks (see below) Strong management from Eos, unmatched IP and a booming industry make BMRG/EOS a buy despite obvious risks IMO Structure:Lawyers: Winston & Strawn & Ellenoff, Grossman & Schole (both top of the line)BF Riley running their own books (could be a nice bonus IMO)175m TrustMay 2020 IPO18mo Deadline1 Unit = 1 + ½ Warrant Additional Terms:
“We believe now is the ideal time for management to unlock the full potential of a truly disruptive solution to address a clear need in the global energy storage market." Daniel Shribman (BMRG CEO) “The global energy storage ecosystem is expected to grow with a CAGR of 20% over the next 20 years. The current market is primarily served by lithium ion batteries manufactured in China and South Korea – and with our zinc-based system offering a safer, greener, and less expensive solution, it is our strong belief that Eos is poised for significant long-term growth and material cash flow generation.” Joe Mastrangelo (Eos CEO) “Over the course of the last 12 months, more than 20 energy storage systems in Korea have caught fire, and in April last year, a 2MW battery array in Arizona caught fire and eventually exploded. Fires linked to lithium-ion batteries also occurred in Europe and Australia.” “According to experts with the Newton-Evans Research Co., the U**.S. energy storage market will grow to more than $5 billion by 2024**, which is about an eight-fold increase from 2019 levels” EOS Founded in 2008, Eos Energy Storage is an established provider of long-duration energy storage focused on providing a domestic solution to a global need: low-cost, safe, and environmentally friendly energy storage. Eos has proven its technology over a ten-year period of testing, development, deployment, and operation, and is focused on accelerating the growth of clean energy in the United States by deploying large scale storage solutions that deliver reliable and cost-competitive power in a safe and environmentally sustainable way. The Eos Aurora® system is designed to meet the requirements of the grid-scale energy storage market using Eos' patented aqueous, zinc-powered battery technology to offer a safe, scalable, fully recyclable and sustainable alternative to lithium-ion battery power. Its patented Znyth® technology requires just five core commodity materials – all of which are Earth-abundant, non-conflict minerals, and are 100% recyclable. Eos' battery is non-flammable and does not require any moving parts or pumps, which allows for simple upkeep and market-leading low-cost operations.” Values:Our Quest. We will not rest until the world has sustainable and affordable energy on demand. Our Ethos. We believe in the power of great chemistry– in our products and our team. Our Drive. We invent, iterate & deliver the best solutions for the future of energy, today. Management team is strong, deep and experienced with industry connections and “led by a team of professionals with deep scientific, regulatory and operating experience across the energy value chain. Joe Mastrangelo, Eos' Chief Executive Officer, is a 25-year General Electric ("GE") veteran who has both traditional and renewable energy experience, and served as president and CEO of Gas Power Systems for GE's Power division. Russ Stidolph, Chairman of the Eos Board of Directors, is founder and Managing Director of AltEnergy LLC, a private equity firm focused on alternative energy investing.” “It is clear to me that storage is the key to scaling clean energy faster. Eos has established a solid foundation of learning and has optimized a lithium alternative solution that is ready to scale and meet the world’s rapidly growing demand for energy storage. I’m proud to lead this team at an exciting and crucial moment for the company.” said Mastrangelo. https://www.businesswire.com/news/home/20170905005875/en/Eos-Energy-Storage-Appoints-Energy-Industry-Veterans (management experience) https://eosenergystorage.com/eos-energy-storage-strengthens-leadership-to-prepare-for-future-growth-with-two-executive-appointments/ (management additions 1) https://www.businesswire.com/news/home/20170905005875/en/Eos-Energy-Storage-Appoints-Energy-Industry-Veterans (management additions 2) Competitive Advantages: https://preview.redd.it/p1vw9jlf2hc51.png?width=663&format=png&auto=webp&s=a4434d5482058e9d8b80d5fe533748f4e233c16f “The high-temperature climate of the Mediterranean poses many challenges for lithium chemistries requiring costly HVAC additions, where Eos does not It is the first development in the region, with potential follow-on opportunities for larger utility scale projects across the entire Mediterranean.” “This project is not only our initial entry into the dynamic Greece energy storage market, but it’s also an opportunity to demonstrate the many advantages of our storage technologies including performance, safety, and environmental conditions,” said Joe Mastrangelo, CEO of Eos Energy Storage.” IP is great with a superior and safer product vs competition https://preview.redd.it/85edweug2hc51.png?width=602&format=png&auto=webp&s=16d9ce8c8255794184ec3a2402c59db5e16d7703 ![img](2ct7mxjh2hc51 " ") BMRG (B Riley Merger Corp II) Management is pretty tight knit here featuring B Riley himself, B Riley current and past execs + BRPM I team + plus few others. Posted it from the S1 so its pretty detailed. I do like the management here and they have decent energy/IB connections but it could be stronger IMO Daniel Shribman, 36CEO, CFO & Director Mr. Shribman helps oversee the asset base of B. Riley Financial alongside chief executive officer Bryant Riley. This asset base consists of several cash flow generating operating businesses in addition to cash and investments of roughly $750 million. The investment portfolio includes bilateral loans and small cap equity positions in both public and private markets. In virtually all investments, B. Riley Financial is involved at the board level and active in business and capital allocation decisions. Mr. Shribman has served as a member of the board of directors of Alta (NYSE: ALTG) since February 2020, when it completed its business combination with BRPM, where Mr. Shribman was chief financial officer. Mr. Shribman brings experience in both public and private equity to us. Prior to joining B. Riley, Mr. Shribman was a Portfolio Manager at Anchorage Capital Group, L.L.C., a special situation asset manager, from 2010 to 2018. During Mr. Shribman’s tenure at Anchorage Capital Group, L.L.C., he led investments in dozens of public and private opportunities across the general industrial, transportation, automotive, aerospace, gaming, hospitality and real estate industries. Prior to Anchorage Capital Group, L.L.C., Mr. Shribman worked at Tinicum Capital Partners, a private equity firm, and in the restructuring advisory group at Lazard (NYSE: LAZ). Board of Directors Bryant Riley, 53Chairman Mr. Riley served as the chairman of B. Riley & Co., LLC since founding the stock brokerage firm in 1997 until its combination with FBR Capital Markets & Co., LLC in 2017; chief executive officer of B. Riley & Co., LLC from 1997 to 2006; and as chairman of BRPM from April 2019 until the completion of its business combination in February 2020. Mr. Riley has served as a member of the board of directors of Babcock & Wilcox Enterprises, Inc. (NYSE: BW) since April 2019 and Select Interior Concepts, Inc. (Nasdaq: SIC) since November 2019. Mr. Riley also previously served on the board of directors of Franchise Group, Inc. (Nasdaq: FRG) from September 2018 to March 2020 and Sonim Technologies, Inc. (Nasdaq: SONM) from October 2017 to March 2019. Mr. Riley received his B.S. in Finance from Lehigh University. Mr. Riley’s experience and expertise in the investment banking industry will provide our board of directors with valuable insight into the capital markets. Kenneth Young, 56Director Mr. Young has served as chief executive officer of B. Riley Principal Investments, LLC, a wholly-owned subsidiary of B. Riley Financial, which acquires, invests and operates companies across several verticals, including communications, media, construction and retail, with a focus on maximizing cash flows through operational expertise, since October 2016. Mr. Young served as the chief executive officer and as a director of BRPM from October 2018 until its initial business combination with Alta (NYSE: ALTG) in February 2020. Mr. Young currently serves as chief executive officer at Babcock & Wilcox (NYSE: BW) since November 2018. Mr. Young has served as a member of the board of directors of Orion Energy Systems, Inc. (Nasdaq: OESX) since 2017 and currently serves on the board of directors of Sonim Technologies (Nasdaq: SONM). He also served on the board of directors of Franchise Group, Inc. (Nasdaq: FRG), Standard Diversified (NYSE: SDI), and Globalstar, Inc. (NYSE: GSAT). FMr. Young served as the president and chief executive officer of Lightbridge Communications Corporation. Patrick J. Bartels Jr., 44Director Mr. Bartels has been the managing member of Redan Advisors LLC, a firm that provides fiduciary services, including board of director representation and strategic planning advisory services, for domestic and international public and private business entities, since December 2018. Prior to founding Redan Advisors LLC, Mr. Bartels was a senior investment professional with 20 years of experience. From 2002 to December 2018, Mr. Bartels served as a Managing Principal at Monarch Alternative Capital LP, a private investment firm that focused primarily on event-driven credit opportunities. Prior to Monarch, he served as research analyst for high yield investments at Invesco Ltd. (NYSE: IVZ), where he analyzed primary and secondary debt offerings of companies in various industries. His professional experience includes investing in complex financial restructurings and process-intensive situations in North America, Asia and Europe in a broad spectrum of industries. Mr. Bartels currently serves on the board of directors of Arch Coal, Inc. (NYSE: ARCH), Hexion Inc., Brinks Home Security and Centric Brands Inc. (Nasdaq: CTRC); he serves on the Nominating and Corporate Governance Committee and the Audit Committee for Arch Coal, Inc. Mr. Bartels began his career at PricewaterhouseCoopers LLP, where he was a Certified Public Accountant. Jamie Kempner, 62Director Mr. Kempner has been president of LSH Partners since December 2016. Prior to this position, Mr. Kempner was president of Loeb Partners Corporation from 2014 to 2016. Mr. Kempner began his career at Lazard (NYSE: LAZ), in 1983 and was named a general partner in 1993. Mr. Kempner was involved in banking and capital markets transactions and managed Lazard’s Corporate Finance department from 1995-1998 and founded Lazard’s Logistics and Transportation group in 2000. His most recent role was as senior advisor in Lazard’s general industrials banking group, with emphasis on companies in the Transportation and Logistics industries. Mr. Kempner also served on the Underwriting and Private Placement Committees of Lazard. Mr. Kempner has extensive experience advising on a number of corporate transactions and initial public offerings. Mr. Kempner has been a member of the board of directors of Private Wealth Partners since September 2018, and served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. Mr. Kempner received a B.A. from Yale University and an M.B.A. from Harvard Business School. Timothy Presutti, 51Director Mr. Presutti currently serves as managing partner and chief investment officer of Woody Creek Capital Partners LLC, a private investment firm he founded in 2007 that specializes in private credit and special situation investing. Mr. Presutti has been the sole owner and managing director of Woody Creek Capital Partners LLC since 2006, Woody Creek Capital Management LLC since 2018 and Wocap II GP, LLC since 2017. Mr. Presutti additionally serves as senior advisor to the Bosarge Family Office based in Houston, TX. Mr. Presutti has nearly twenty-four years of finance experience, spanning investing, portfolio management, trading and capital markets. As co-founder of Broadbill Investment Partners, an investment management firm, Mr. Presutti oversaw all capital raising for two funds and a co-investment platform. He was a member of the Investment Committee and is now a senior advisor, minority owner and managing director to Broadbill Investment Partners since 2011. Mr. Presutti started his career at Bankers Trust, which was acquired by Deutsche Bank Securities Inc. in 1999; his last position there was managing director and head of High Yield trading from 2005 to 2007. Mr. Presutti served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. Robert Suss, 51Director Mr. Suss has been co-chief executive officer of UK Agricultural Finance, a company that provides underwriting to local farming communities in the United Kingdom, since 2016, and non-executive chairman of EG Capital Advisors, a London-based investment firm, since 2017. Mr. Suss has served on the board of directors of Kingswood Group PLC since 2019. Until 2015, Mr. Suss was a managing director at Goldman Sachs & Co. LLC where he worked for 18 years in the Investment Management Division. Mr. Suss served on the audit committees of the board of directors of Pace Holdings Corp. from 2015 until the completion of its business combination in March 2017 and TPG Pace Holdings Corp. from 2016 until the completion of its business combination in November 2019. Mr. Suss also served on the board of directors of BRPM from 2018 until the completion of its business combination in February 2020. BRPM (B Riley Merger Corp I): Alta Equipment Company didn’t seem to fair too well.. thanks to covid? (s/h vote was Feb 11 2020)Looks like B Riley bought more equity in April .. good sign? “Alta Equipment Group, Inc. owns and operates integrated equipment dealership platforms. It sells, rents, and provides parts and service support for several categories of equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment through its branch network. The company was founded in 1984.” Possible Catalysts:New Sales OrdersDefinitive Agreement (and then Merger)Release of (Positive) Financial DataProprietary Advancements (R&D) Risks/Downside:Deal could fall through (definitive agreement not guaranteed or even possible SEC investigation/lawsuits)Financial data released might be poor or priced in Lower Risks:I couldn’t find many other institutions involved besides B Riley (maybe two others)Relatively low price action since IPO àLOI (institutions/sector analysts haven’t yet priced/awaiting progress?)“The JOBS Act, enacted in 2012, contains provisions that, among other things, relax certain reporting requirements for qualifying public companies” (keep seeing this in S1’s can someone confirm it is standard?)BRMG Shareholder value may or may not decrease with mergecombination Recent Media/Links:https://eosenergystorage.com/eos-energy-storage-supplies-energy-storage-to-microgrid-developments-for-electrifying-rural-communities-in-nigeria/ (new project 7/2020) https://www.prnewswire.com/news-releases/b-riley-principal-merger-corp-ii-and-eos-energy-storage-announce-letter-of-intent-for-business-combination-301083051.html (LOI) https://www.businesswire.com/news/home/20171025005889/en/PSEG-Installs-Commissions-1-MWh-Eos-Aurora http://www.prweb.com/releases/eos_energy_storage_to_deploy_its_latest_generation_battery_system_in_pala_california_energy_storage_yard/prweb17203153.htm (California Energy Commission Partnership) https://www.energy-storage.news/blogs/video-global-energy-storage-market-forecast-with-guidehouse-insights (Energy Storage Analyst Forecast) https://www.energy-storage.news/blogs/building-battery-storage-systems-to-meet-changing-market-requirements (Industry/Competition) https://www.businesswire.com/news/home/20130520006558/en/Eos-Energy-Storage-Raises-15-Million-Strategic ( Funding back in 2013) http://www.prweb.com/releases/eos_energy_storage_teams_with_motor_oil_and_ingeteam_to_bring_efficient_energy_storage_solutions_to_large_greek_refineries/prweb17125184.htm “Eos was recently (5/2020) awarded a contract to manufacture, design, and deliver a 1MW 4MWh behind the meter (BTM) Battery Energy Storage System (BESS) in Motor Oil’s Corinth Refinery in Athens, Greece and has partnered with Ingeteam to provide the full AC integrated system with their INGECON Bseries Inverter + Miniskid MV solution and INGECON EMS Plant Controller. This is Eos’ first project in Greece, expanding upon their European commercial presence.The project will enable Motor Oil to optimize their onsite generation without fear of flammability or thermal runaway due to Eos’ inherent and proven safety. Eos’ Energy Storage System will provide full 100% depth of discharge, flexible charge/discharge capabilities with no impact to degradation, minimal auxiliary power requirements, and a 15+ year life. The benefits to Motor Oil are financial savings in fuel and maintenance, and reduced energy costs during times of peak demand, all increasing the efficiency and resiliency of the refinery’s electrical grid system. “We consider Eos battery technology as the most competitive and attractive one compared to Li Ion batteries, capable of offering a lot of opportunities in large scale BESS in the future,” said Vassilis Viziryiannakis, Head of Electricity Business of Motor Oil Hellas. https://eosenergystorage.com/eos-energy-storage-further-strengthens-leadership-with-new-chief-financial-officer-chief-strategic-alliances-office - new board members 7/21 SEC Files Here BMRG really looking like a great play (long steady growth) which will benefit from ESG/decarbonization and already has state connections |
submitted by levi_d-19 to Redeeem [link] [comments] https://preview.redd.it/14i4twybxby31.png?width=476&format=png&auto=webp&s=ba30918de799fb2614f4be1284a37d9708c5bbb3 Back in 2018, the most popular way to earn bitcoin seemed to be through Initial Coin Offerings (ICOs). Over $6 billion was raised in Q1 2018 for crypto projects — many with just a white paper and a website. Business was good for founders and investors until the end of 2018 when scammers were the only ones laughing. Most investors lost money, and capital investments into ICO dropped 97%. Companies like TruStory even launched whose sole mission was to stop ICO scams from happening. By Q1 2019, less than $900 million was raised through ICOs —with regulation being the coup de gras. https://preview.redd.it/jzn4nnegxby31.png?width=480&format=png&auto=webp&s=0c1349ad3ce82ad2b592a38c059709b5c4f00b65 So where has all the momentum shifted? The second wave of crypto projects will undoubtedly reward profits over potential. This article examines the top ways you can earn bitcoin in 2020 — from faucets and bitcoin mining to crypto savings accounts. The biggest winners of 2020 will likely fall into one of the following 10 categories. The strategy that is right for you will depend on your skills, network, access to capital, location, risk tolerance and investment timeline. #1 - Holding https://preview.redd.it/2rvi2izqxby31.png?width=475&format=png&auto=webp&s=5edf45a5cf880916a1cbf3dd3c889b05e27a52be Arguably the best way to make money on Bitcoin is to buy it and hold it for many years. Smart investors rely on a strategy called Dollar Cost Averaging (DCA) to reduce market volatility. This works by investing a fixed amount on a regular schedule, ie $100 once a week for 10 weeks, which helps offset the crypto market volatility. The hard part is being patient with the investment and resisting the urge to daytrade or sell too quickly. #2 - Lending https://preview.redd.it/8ejpg84wxby31.png?width=472&format=png&auto=webp&s=984fbb7bb13e6064a8ae1d130d77f3f9fd9c716b A number of fintech companies like BlockFi and BitBond now offer the ability to earn interest on your crypto holdings. Interest rates range start around 8% and can go as high as 20% for trusted lenders. The interest clients earn typically compounds monthly, although these returns mimic that of the S&P 500 so this is considered a low risk/reward option. #3 - Day Trading https://preview.redd.it/i1mqwm80yby31.png?width=471&format=png&auto=webp&s=b9185daf5e28b8160f8b36848b26e34e1b7b8417 A common way to earn Bitcoin trading is through trading cryptocurrencies on exchanges using 1X to as high as 100X leverage. Traders can also bet on the index of any crypto on sites like eToro or Robinhood. Daytraders will trade based on charts and trends, and try to grow their portfolio. https://preview.redd.it/hxpg8nq7yby31.png?width=469&format=png&auto=webp&s=8441aee2cd8b258ec580faee5820510401372cc9 Another much safer form of arbitrage is dropshipping. You can source products on Amazon or from sites like Oberlo who will help you find the right products to buy. You can build an e-commerce store using Shopify or just sell on eBay. If you have a store and supply chain already, it's easy to start accepting Bitcoin using a payment gateway like CoinPayments or BitPay. Other peer-to-peer exchanges like Paxful, Purse and Redeeem allow you to trade gift cards and other digital and physical goods for bitcoin. #4 - Gambling https://preview.redd.it/fghrvc3cyby31.png?width=473&format=png&auto=webp&s=7ebcc8d3a22c7e07ba7fc1c455a8b22b1f2b88b5 Gambling with Bitcoin is highly addictive, risky, largely unregulated, and offers the biggest and fastest financial volatility. Some popular crypto gambling sites include CloudBet, BetOnline, FortuneJack, Bovada, BetUS and hundreds of others. For more rankings, click here. #5 - Mining https://preview.redd.it/h9q7uphpyby31.png?width=471&format=png&auto=webp&s=64c18aeb8fc4bee85f9e1b8275385223f017c825 Despite the fact that over 80% of Bitcoin has already been mined, bitcoin mining is still a $4 billion annual industry. Since mining was intentionally developed to require advanced hardware, it's an expensive process that requires large mining facilities to be profitable. For this reason, most large-scale mining operations are located in China where electricity is cheap. To be successful, individual miners are forced to join collective mining pools like MinerGate or simply mine as a fun hobby with Coinmine or Homeyminer and not worry about the ROI. To learn more, click here. #6 - Faucets https://preview.redd.it/uejcd0ztyby31.png?width=478&format=png&auto=webp&s=de76e9b769582b83af46e78d97616c19945d0474 A faucet is just a website that gives free coins to every visitor for staying on the site or engaging with content. Some examples are Cointiply, FreeBitcoin, SatoshiQuiz and others. Keep in mind, a satoshi represents roughly 0.00000001 bitcoin, so 100 satoshi is about 1 penny. It would take 100 correct trivia answers on SatoshiQuiz to make $1 USD. It's far more profitable to own a Bitcoin faucet and make money on advertisements. #7 - Services https://preview.redd.it/2mizr67e0cy31.png?width=483&format=png&auto=webp&s=c698ba3fd2ee210837155a240a65c3002ae049da There are dozens of job boards online where you can earn bitcoin for a variety of independent contractor services. Many clients on Upwork, Freelancer and other non-crypto platforms will gladly 15% discounts or more if they can pay their freelancers in bitcoin and avoid the costs of the marketplace. Other more dedicated sites are listed below. Jobs4Bitcoin — Reddit job board for bitcoin tasks AngelList — Job board for crypto companies and projects Earn.com — Earn bitcoin while learning about crypto CryptoGrind — Escrow for bitcoin freelancers CryptoJobs — Job board for bitcoin freelancers Coinality — Job board for crypto freelancers Bitfortip — Earn bitcoin for helping people Indeed — Job board for crypto companies BitWage — HR services for paying in crypto XBTFreelancer — Freelancers get paid in bitcoin #8 - Exchanges https://preview.redd.it/v5a0u4iy0cy31.png?width=464&format=png&auto=webp&s=543a50490c066b904fe351cec925d8adcf1a6c22 The simplest and lowest-cost exchange is a Bitcoin ATM. As of January 2019, there were 4,213 Bitcoin or cryptocurrency ATMs worldwide. With many countries like Venezuela, Argentina and Nigeria experiencing hyperinflation, the world's 2.3 billion unbanked people will continue to demand bitcoin and stablecoins as hedges against inflation. The estimated startup costs for a Bitcoin ATM is about $25,000 per location, according to CoinATMRadar. https://preview.redd.it/xoj4c5c31cy31.png?width=468&format=png&auto=webp&s=bed32024272d9c6e6e8fcdc0e7c53254e91c02e6 Building a crypto exchange or peer-to-peer trading platform will be a more expensive way to earn bitcoin as an exchange. This requires building a website, hosting wallets on the blockchain, building security protocols, creating KYC/AML policies, accepting crypto payments, building two sides of a marketplace, and a little marketing, branding and legal work. Some examples of successful P2P trading platforms are Paxful, Purse and Redeeem. The fiat to crypto exchanges like Gemini, Coinbase and Kraken usually require venture funding, large engineering teams and banking partnerships for proper custody of the funds. Fiat exchanges also have to register as a Money Services Business (MSB). For a full list of fiat exchanges, click here. #9 - Affiliate Rewards https://preview.redd.it/peewibjm1cy31.png?width=475&format=png&auto=webp&s=18f067006e2edfdbae198e14d71ede66bb805dae Affiliate programs in crypto are endless, and they can come in many different shapes and sizes. Products like Lolli and Pei will reward you with bitcoin cashback everywhere you shop. Exchanges like Changelly will give you a percentage of their fee revenue for referring clients. Wallets like Abra will give you $25 for each signup. The optimal strategy is picking a familiar product that you know and love. For a list of affiliate programs, click here. #10 - Content https://preview.redd.it/yh7q5vwv1cy31.png?width=469&format=png&auto=webp&s=ed03d857d94d8c11de63b5cbc21c5e311836fcaa Bitcoin is King. Content is King. So Bitcoin Content must be God. The ability to research, write and publish high-quality content on Bitcoin, blockchain and cryptocurrencies will be a highly coveted asset in 2020. It's free to start a Medium blog, video blog or podcast and share your ideas to passionate audiences on Facebook, Twitter, Reddit or Quora. Try to build an audience first then turn on AdSense or activate other partnerships to start collecting passive revenue for your content. |
In Nigeria, Hot Nigerian Jobs is the 69th most popular website and 2nd for job hunters in Nigeria. This is the best job site in Nigeria at the moment where updates of latest recruitment into top organizations in the country are posted on a daily basis. As at writing this post, they are ranked 95th website according to Alexa. Betting markets in Nigeria and other African countries are growing faster and faster every year and it can be difficult to know which betting site is the right option for you. To make the decision easier, we analysed 10 different factors (including sportsbook, bonuses, odds, security, customer service, mobile apps and more) and ranked all the best Nigerian betting sites from best to worst. We are Nigeria Predictions! Our football betting tips are high quality - supplied by advanced algorithms, backed by experts and research, and on top of that, absolutely FREE! We operate 24 hours per day, seven days per week, to give you the very best and most rewarding football tips out there in Nigeria! The best bookmakers in Nigeria have odds that are larger than what’s obtainable on other betting platforms. If you’re desirous of significant winnings, you have to opt for greater odds, and this is why we have taken such into consideration to arrive at our list of the best betting sites . Get sure bet tips to help you win in betting today. Surebet provides the best sure bet predictions that are 100% sure win. Buy our Sure win tips today and start winning. We tested all the best betting sites in Nigeria for you! Here you will find all the information you need about the best bookmakers. Learn all about the betting regulations in Nigeria and find out how to become the best player with all our free reviews and free guides. Everything you need to bet online in Nigeria ; ... All betting sites have their pros and cons but if you forced us to choose the absolute best betting site for Nigerian players we’d have to say it’s betway. ... 28 September 2020. That's right! Bet King is the fastest growing and one of the best betting websites in Nigeria as they offer both sports and virtual betting online and in retail shops. Among the offerings of the company’s services are sports betting (not restricted to football, hockey, tennis, basketball and more), customized state-of-the-art virtual games including the exclusive Kings’ League and Color-Color. Top Betting Websites in Nigeria 2020 Current Update. Betting in Nigeria has been a part of our culture for a long time but on a smaller scale. But, as the internet has developed and the mobile penetration increased, so has the betting online. In this article, we will be showing you the top betting site in Nigeria. Best betting prediction site. In Nigeria, there are many betting sites giving tips on how to bet. Therefore, it is hard to know which is the best betting prediction site in Nigeria. But, as stated above, we always recommend that you build your knowledge and only use betting prediction sites as inspiration.
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