Axis Technologies Group (OTCMKTS:AXTG) Stock Soars 54%: Here is Why

One of the stocks which emerged as one of the major gainer on Tuesday was that of Axis Technologies Group (OTCMKTS:AXTG). After a key announcement from the company yesterday with regards to its cryptocurrency mining efforts, the Axis Technologies stock came into sharp focus among investors.

It ended the day with gains of as much as 53% and it is quite likely that it is going to continue to be in focus among investors today. The company announced yesterday that it struck up a key strategic partnership with O-Power LLC by way of which it is going to be able to produce the first ‘green’ cryptocurrencies in the world.

In recent times, cryptocurrency mining has come under the scanner due to environmental concerns and hence, this could be a major step in the right direction from Axis Technologies Group. Hence, it is not really a surprise that the announcement about the partnership with O-Power has created considerable excitement among investors.

O-Power is well known for having created electricity generators that are of the zero emissions variant and more importantly, the power solutions it offers are scalable as well. It now remains to be seen if the Axis Technologies stock can continue to clock gains through the rest of the week.

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