Geometry Dash APK Hill Climb Racing APK
59.4 F
New York
Monday, September 26, 2022

iMD Companies Inc (OTCMKTS:ICBU) Sees Epic Jump On Crypto Buzz

Must read

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Bombardier, Inc. (OTCMKTS:BDRBF) Continues to Gain Momentum and Strength

Many stocks have managed to record significant gains in recent months and one that often flies under the radar is Bombardier,...

Grayscale Bitcoin Trust (Btc) (GBTC) Makes Big Move As Bitcoin Goes Wild

Bitcoin, the world’s biggest cryptocurrency by market cap, has been in the middle of a remarkable rally for the past few months...

Voyager Digital Ltd (OTCMKTS:VYGVF) Hits All-Time High on Download News

The remarkable rally enjoyed by several crypto assets over the course of the past months has also resulted in an increased demand...

The meteoric rise in cryptocurrencies over the past few months has resulted in a lot of interest in stocks in companies which work in that sectors. Consequently, many companies have in fact started their own cryptocurrency division to cash in on the new trends.

Launches Cryptocurrency Farming Data Center

The latest do so is iMD Companies Inc (OTCMKTS:ICBU), which made the announcement with regards to a new blockchain division earlier on this week.

The announcement was welcomed with great optimism by market participants and iMD Companies Inc (OTCMKTS:ICBU) soared by as much as 150% last week. In such a situation, it is necessary for investors to take a closer look at the latest announcement from iMD Companies.

The company announced that it has created a new division that is not only going to be involved in blockchain development, but will also have its own server farms and work on application design as well.

To this end, it is also necessary to keep in mind that the company has already spent money on setting up its server farms in Sacramento and the Bay Area in San Francisco. In its press release, the company pointed that it had pondered for a considerable period of time about the next move that could bring about growth.

At the end of those deliberations the management at iMD Companies decided to go big on its new cryptocurrency arm. The excitement following the announcement is understandable and it remains to be seen if the stock can continue to add to its gains over the coming days.

It is especially going to be interesting to track the iMD Companies stock because the company also announced that there are going to be ‘many more announcements’ in the coming days. Those announcements could also have an effect on the stock price and it could be worthwhile for investors to keep an eye out for those.

Disclaimer: We hold no position in ICBU stock.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service