#CryptoCorner #Podcast 699: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $HIVE) (NasdaqCM: $CAN) (TSXV: $DGHI.V)
#CryptoCorner #Podcast 699: #Stocks
discussed: (NasdaqGS: $HUT) (NasdaqCM: $HIVE) (NasdaqCM: $CAN) (TSXV: $DGHI.V)
Hut
8 Purchases 12,000 MicroBT Miners, HIVE Announces Purchase of 6,500 Miners, and
Digihost Reports Q3 Financial Results
Point Roberts, WA, Delta BC October 21,
2021 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (NasdaqGS:HUT)
(NasdaqCM:HIVE) (NasdaqCM:CAN) (TSXV:DGHI)
Hut
8 Mining Corp. (NasdaqGS:HUT) has announced that it has executed on a $58.7
million USD purchase of 12,000 new MicroBT M30S, M30S+ and M30S++ miners from
Inchigle Technology Hong Kong Limited, with aggregate incremental production of
1.17 EH/s. Delivery is expected to begin in January 2022, at a rate of about
1,000 machines per month, with full deployment anticipated by December 2022.
Hut 8’s CEO, Jaime Leverton, said:
"We are thrilled to announce our
latest strategic purchase of new MicroBT equipment. The strength of our
relationship with MicroBT enabled us to quickly execute on this compelling
investment opportunity. While timing relative to Bitcoin [BTC] achieving an all-time high is
coincidence, this investment serves to reinforce our commitment to efficiently
mine and Hodl Bitcoin."
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced the purchase of 6,500 next generation Bitcoin
miners with an aggregate hash power of 585 Petahash per second (PH/s). The
company’s Executive Chairman, Frank Holmes, explained:
"We
are pleased to be building on our strategic alliances with leading ASIC
manufacturer Canaan [NasdaqGM:CAN] to achieve our
goals and drive value for our shareholders, with executing on a transaction
that increases our cash flow and green mining capacity. HIVE currently has
approximately 1.2 Exahash per second (EH/s) of Bitcoin mining capacity, and
with this new purchase, HIVE's Bitcoin ASIC pipeline will be at 2 EH/s by
December 2021, and 3 EH/s by March 2022. In addition to this, we are expanding
our current active Ethereum [ETH] mining capacity from approximately
4,000 Gigahash per second (GH/s), to 6,000 GH/s in new facilities in
Sweden."
Digihost Technology Inc. (TSXV:DGHI) has reported its financial results for the third
quarter ended September 30, 2021. Highlights include $5.5 million in revenue
for digital currency mining in the quarter – up 1,153 percent over Q3 in
2020, and a total comprehensive income of $2.9 million in Q3 this year – up
from the comprehensive loss of $1.7 million in Q3 of 2020. Michel Amar, CEO of
Digihost, commented:
“It
is rewarding for the Company to announce strong Q3 financial results generating
record top-line revenue growth for the second consecutive quarter along with
positive net income. The Company’s improved financial performance is directly
related to Digihost’s dedicated focus to managing costs and continued growth in
our mining operations. With additional miners arriving in Q4 2021 and in early
2022, Digihost expects to aggressively expand its mining capacity as previous
investments in infrastructure are expected to drive continued growth for the
Company.”
Sam
Mowers, Investorideas
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