Home Financial Markets Penny Stocks On What Basis Did LGLOF Stock Rise 26% On Tuesday?

On What Basis Did LGLOF Stock Rise 26% On Tuesday?

Yesterday, the stock of the innovative provider of mining power as well as data hosting solutions LINK Global Technologies Inc. closed at $1.0364, up 26.47%. During the day’s trading on Friday, 1,186,437 shares of LINK Global stock changed hands with a price range from $0.95 to $1.10.

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The LGLOF stock traded between $0.27 and $1.36 over the past 52 weeks. LINK provided an update on its renewable energy plans, leading to an increase in the LGLOF stock price.


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What was the update?

LINK is in the business of providing digital mining and data hosting infrastructure and expertise. The LGLOF’s goals involve securing properties with low-cost and reliable power near it for lease and purchase, and deploying this low-cost power to supply clean energy for digital mining and other data-hosting services.

Yesterday, LGLOF updated the public on its plans to conduct Bitcoin mining through renewable energy.

On April 12, 2021, Pure Digital, a joint venture between LGLOF and Neptune Digital Assets Corp. to form Pure Digital Power Corporation, has entered a Letter Of Intent with a consultant for renewable energy and carbon credits for 20MW of power.

Other updates:

As previously announced by LGLOF March 31, 2021, Bit Digital has installed BTC mining machines.  Initially announced on March 18, 2021, LINK Global (LGLOF) is expecting another 2.5 MW generator by the end of April 2021. Previously LGLOF purchased the first 2.5 MW generators from Starco Fuels. Earlier this month, LGLOF announced their extension of the Letter of Intent for an IP relating to electrical cost making technology (previously announced February 25, 2021) until April 23, 2021.

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