- Graph Blockchain (GBLC) has provided an update on its position on the cryptocurrency Cardano through Babbage Mining
- In March, the company exited from its position in ADA and has since generated capital gains and yield of $703,700, or 88 per cent
- Babbage Mining has purchased a total of $800,000 in digital assets
- Graph Blockchain provides its shareholders with exposure to various areas of decentralized finance
- Shares of Graph Blockchain Inc. (GBLC) are currently up 15.38 per cent, trading at $0.075 per share
Graph Blockchain (GBLC) has provided an update on its position on the cryptocurrency Cardano through Babbage Mining.
Babbage Mining Corp. is a wholly-owned subsidiary of Graph Blockchain that held a position in Cardano’s native token (ADA).
In March, the company exited from its position in ADA and has since generated capital gains and yield of $703,700, or 88 per cent. Babbage Mining has purchased a total of $800,000 in digital assets.
Paul Haber, CEO of Graph Blockchain commented,
“The company is extremely gratified with the growth we have made so far with the appreciation of our growing crypto portfolio.”
By mining altcoins through Proof of Stake, Babbage can provide to its investor’s exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that altcoins represent.
“In the weeks and months ahead,” added Mr. Haber, “we will continue to watch the basket of crypto assets in the portfolio as we further monetize our cash position and continuously innovate in the decentralized finance market.”
The Babbage Mining team offers high performance and ample decentralized finance knowledge and has an incredible perspective on the cryptocurrency market focused on growing the value of the portfolio.
Graph Blockchain provides its shareholders with exposure to various areas of decentralized finance.
Shares of Graph Blockchain Inc. (GBLC) are currently up 15.38 per cent, trading at $0.075 per share as of 12:37 pm ET.