One of the focal points of this deal was the NM440's ability to increase the EH/s capacity and increase efficiency. Peter Tassiopoulos, Chief Executive Officer of Sphere 3D, also explained, "The reduction in energy consumption per TH/s further exemplifies our shared commitment to ESG leadership in the industry."
One of the things to remember with cryptocurrency-related penny stocks is that they can be tightly tied to the overall moves in the digital currency market.
4. American Resources Corporation /zigman2/quotes/200949595/composite AREC +0.38%
Energy stocks have also been a hot topic this quarter. In American Resources' case, the company is gaining appeal for something other than oil and gas prices. It specializes in supplying carbon and rare/critical elements for the emerging electrification marketplace. American Resources also has a place in infrastructure with the supply of metallurgical carbon in steelmaking.
Thanks to widespread attention stemming from new government initiatives, American Resources stock has been one to watch for both economic reopening and green energy initiatives. In particular, the recently proposed Restoring Essential Energy and Security Holdings Onshort for Rare Earths Act brought a bit of attention to raw materials providers, including American Resources. In response to the proposed act, CEO Mark Jensen explained in a January release that "There is an estimated $3 billion of rare earth metals that go to landfills yearly in the United States, but there is currently limited domestic permanent magnet manufacturing. Having the U.S. government put in place a strategic reserve to stockpile rare earth elements is imperative for national security, but will also assist in building the market for rare earth elements and rare earth magnet production capabilities domestically."
Meanwhile, its recent alignment with the VC arm of The Heritage Group, HG Ventures, could speed up efforts for becoming a key participant in the electric energy industry. Specifically, the company explained that this tie-up would take it down the path of being the United States' "first and lowest cost producer" of domestically sourced, purified, and sustainable battery and magnet metals.
Penny Stocks To Buy Right Now
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