#CryptoCorner #Podcast 687: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGM: $BITF) (TSXV: $DGHI.V)
#CryptoCorner #Podcast 687: #Stocks
discussed: (NasdaqCM: $HIVE) (NasdaqGM: $BITF) (TSXV: $DGHI.V)
HIVE
Blockchain Reports Q1 Results, Bitfarms Announces an Expansion of its Quebec
Operations, and Digihost has Shared its Quarterly Bitcoin Production Results
Point Roberts, WA, Delta BC October 5,
2021 - Investorideas.com, a leader in
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Stocks discussed: (NasdaqCM:HIVE)
(NasdaqGM:BITF) (TSXV:DGHI)
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported its results for the first quarter
ended June 30, 2021. Highlights include a gross revenue from digital currency
mining of $32.7 million – up 466 percent over the same period last year,
and a record quarterly net income of $18.6 million – an significant increase
over the $1.8 million recorded the previous year. The company’s Interim
Executive Chairman, Frank Holmes, said:
"HIVE
now has the land, buildings, talent, and mining equipment we need to succeed.
We are focused on improving efficiency and profitability by optimizing
cryptocurrency mining output. We're lowering costs and maximizing our existing
electrical and infrastructure capacity by installing new mining equipment as
the orders roll in.”
Bitfarms Ltd. (NasdaqGM:BITF) has announced an increase in its corporate hashrate
to over 1.6 Exahash per second (EH/s) through the expansion of operations at
its Cowansville, Québec, facility and the installation of 450 newly arrived
Bitmain S19j Pro miners. Emiliano Grodzki, CEO of Bitfarms, explained:
“Bitfarms
is committed to developing the cost-effective infrastructure to support the
55,000 new generation Bitcoin mining machines scheduled to be delivered between
now and the end of 2022. As Bitfarms upgrades its miner fleet and existing
facilities while expanding into new geographies, we will continue to increase
our ability to produce Bitcoin with greater efficiency across decentralized
operations. Cowansville broadens our footprint in Canada and marks our first
new capacity build-out in Québec in 2021. This is one of many projects that
excite us about our growth opportunities and supports our goal of achieving 3
EH/s by the end of first quarter of 2022 and 8 EH/s by the end of 2022.”
Digihost Technology Inc. (TSXV:DGHI) has published its unaudited Bitcoin (BTC) production updates for the quarter ended
September 2021. Highlights include the production of 133.02 BTC during the
quarter, giving the company a total holdings value of 452.24 BTC. The company’s
CEO, Michel Amar, said:
“We
are extremely pleased with the continued success achieved by Digihost and are
proud to report that in Q3 2021 we successfully mined a higher fair market
value of Bitcoin than in any previous quarter since the Company’s inception.
Our operations delivered a record number of coins this quarter despite
voluntarily giving up peak hours of mining for five days during the month of
August during peak community energy demand.” Amar continued, “As a Company, we
are prepared to begin receiving a large quantity of new generation miners in Q4
2021. We remain especially well situated to scale up and thrive in the current
mining environment and to increase our hashrate to up to 1.5 EH in by Q1 2022.
We are committed to operating our business growth in an environmentally
conscious way and our priority is to sustain our focus on green energy and ESG
initiatives.”
Sam
Mowers, Investorideas
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