#CryptoCorner #Podcast 666: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (TSXV: $CSTR.V)
#CryptoCorner #Podcast 666: #Stocks
discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (TSXV: $CSTR.V)
Marathon
Expands NYDIG Collaboration, Hut 8 Publishes August Production Update, and
CryptoStar Executes Equipment Hosting Agreement
Point Roberts, WA, Delta BC September 2,
2021 - Investorideas.com, a leader in
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Stocks discussed: (NasdaqCM:MARA)
(NasdaqGS:HUT) (TSXV:CSTR)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has announced an expanded collaboration with
NYDIG (New York Digital Investment Group) to provide members of Marathon’s
Bitcoin mining pool, MaraPool, with easy access to NYDIG’s “comprehensive and
institutional-grade services for Bitcoin miners.” Fred Thiel, Marathon’s CEO,
explained:
“NYDIG
has been an important collaborator of ours, providing a variety of treasury
management and trading services, including facilitation of the purchase of
4,812.66 bitcoins in January. NYDIG’s team shares our passion for
professionalizing and institutionalizing the Bitcoin mining industry in the
U.S., and by collaborating with NYDIG on our mining pool, we have enabled all
members of our pool to have access to the same world class solutions and
expertise from which Marathon has benefitted.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has published a production update for the month
of August 2021. Highlights include the mining of 326 Bitcoin (BTC) (an average of 10.5/day), and
the delivery and installation of 1,025 new MicroBT mining machines, which adds
92 PH/s to the company’s production rate. Hut 8’s CFO, Shane Downey, said:
"We
are pleased with another strong month from an operations perspective, with our
Alberta-based team working to both optimize existing equipment, while
continually bringing new miners online. Specifically, we are excited to have
begun the installation of NVIDIA cryptocurrency mining processors
("CMPs"). We remain encouraged that our previously announced strategy
of mining the Ethereum network with these CMPs, while settling in Bitcoin, will
provide compelling economics, with a total cost per Bitcoin expected to be
under CAD$3,000."
CryptoStar Corp. (TSXV:CSTR) has executed an equipment hosting agreement
with a U.S. based company, effective September 1, 2021, for 10 megawatts (MW)
of mining capacity to be deployed in Alberta, Canada. President and CEO David
Jellins said:
"We
are delighted that the Alberta Customer has selected CryptoStar as its hosting
provider. We are looking forward to providing hosting services to the Alberta
Customer and we anticipate that this will be the beginning of a long term and
mutually beneficial relationship. We are seeing unprecedented levels of demand
for power and cryptocurrency mining hosting solutions from international mining
organizations, and we are looking forward to taking full advantage of our power
supply agreement in Alberta, Canada at amongst the lowest power rates available
in North America."
Sam
Mowers, Investorideas
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