#CryptoCorner #Podcast 708: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $RIOT) (CSE: $BTC.C)

 

 

 

#CryptoCorner #Podcast 708: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $RIOT) (CSE: $BTC.C)

 

Marathon and Riot Share October Results, and Bluesky Closes $1.2M Hardware Acquisition

 

Point Roberts, WA, Delta BC November 3, 2021 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

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Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:RIOT) (CSE:BTC)

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited Bitcoin (BTC) production and miner installation updates for October 2021. The company produced 417.7 self-mined bitcoins during the month, increasing its total bitcoin holdings to “approximately 7,453 with a fair market value of approximately $457.4 million.” Fred Thiel, Marathon’s CEO, said:

 

“In October, we increased our bitcoin production by 23% month-over-month to 417.7 BTC and increased our total bitcoin holdings to approximately 7,453 BTC. As in prior months, our bitcoin production was impacted by maintenance related outages at the power plant in Hardin, MT and increases in the total network hash rate. However, with shipments of our previously purchased miners accelerating over the coming months, we continue to expect our bitcoin production to become more consistent as we scale.”

 

Riot Blockchain, Inc. (NasdaqCM:RIOT) has announced its monthly BTC production and operations updates for October 2021. The company produced 464 BTC in the month – up about 433 percent from October 2020, and boasts a deployed fleet of approximately 27,270 miners, with a hash rate capacity of 2.8 exahash per second (EH/s). According to the press release:

 

Riot recently completed a $54 million purchase order with Bitmain Technologies Limited (“Bitmain”) for 9,000 S19j Pro (100 TH/s) miners, with an anticipated delivery and deployment schedule set for May 2022 through October 2022. As a result of this purchase order, the Company anticipates that it will have approximately 90,150 Antminers in operation, utilizing approximately 284 MW of energy, by Q4 2022.

 

Bluesky Digital Assets Corp. (CSE:BTC) has formally closed another high value mining asset order, this one comprising approximately $1.2 million CAD worth of custom GPU mining rigs from Pandaminer. Bluesky’s COO, Anthony R. Pearlman, said:

 

"This latest order continues our staged approach of growth for our GPU mining operations as we extend our focus on Ethereum mining. We continue to effectively use our capital with an aggressive business focus on revenue and the bottom line. This recent order contains some cutting edge and high hash rate GPU mining equipment from Pandaminer that we have not used before and we are excited to expand our capabilities with advanced hardware that should give us higher returns than previous models. We are still actively looking to put additional capital to work for us as we acquire additional ASIC mining assets. These efforts will round out our diversified mining activities and take advantage of a strong performing virtual asset like Bitcoin (BTC)."

 

Sam Mowers, Investorideas

 

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