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Thursday, November 18, 2021

#CryptoCorner #Podcast 719: #Stocks discussed: (NasdaqCM: $MIGI) (NYSE: $BTCM) (TSXV: $FORT.V)

 



 

 

#CryptoCorner #Podcast 719: #Stocks discussed: (NasdaqCM: $MIGI) (NYSE: $BTCM) (TSXV: $FORT.V)

 

Mawson Joins Bitcoin Mining Council, BIT Mining Reports its Q3 Results, and Fortress Technologies Gives Update on Strategic Venture and Miner Purchase

 

Point Roberts, WA, Delta BC November 18, 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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https://www.investorideas.com/Audio/Podcasts/2021/111821-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/11181MIGI-BTCM-FORT.asp

 

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Stocks discussed: (NasdaqCM:MIGI) (NYSE:BTCM) (TSXV:FORT)

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has joined the Bitcoin Mining Council, described as “a voluntary and open forum of Bitcoin Miners committed to the network and its core principles.” The company’s CEO and Founder, James Manning, said:

 

"We are delighted to join the Bitcoin Mining Council and are excited to share our insights on sustainable energy with the council and the public. Mawson recently signed a partnership with Quinbrook Infrastructure Partners, a global green energy infrastructure fund, with our first site now operational in Australia, co-located next to a 100% renewable energy generation asset. We believe this is the future of the industry and are excited to be at the forefront."

 

BIT Mining Limited (NYSE:BTCM) has reported its unaudited financial results for the third quarter ended September 30, 2021. Highlights include the production of 779 Ethereum (ETH) and 79 Bitcoin (BTC) for the quarter. The company’s CEO, Xianfeng Yang, said:

 

"Over the past six months we completed the migration of our mining machines to overseas markets and have made significant progress in the construction of our US data centers, which provide critical operational efficiencies for our business. Additionally, we saw the potential value ethereum has as the fundamental currency for applications such as nonfungible tokens (NFTs), decentralized finance (DeFi), and the metaverse. We foresaw the growth of ethereum mining as a result and have deployed massive ethereum computing power in advance which have generated relatively positive returns. Looking forward, we plan to continue to enhance our value proposition and strengthen our technology on mining techniques."

 

Fortress Technologies Inc. (TSXV:FORT) has provided an update on its strategic venture with Great American Mining, indicating that it is “now producing 131 PH/s across 10 containers in the field.” The company has also successfully installed the 180 MicroBT Whatsminer M30S machines whose purchase it announced on October 18, 2022. According to the press release, “these 180 machines have been deployed at Fortress’s mine in Washington State, which now produces approximately 32 PH/s of bitcoin mining hash rate.”

 

Sam Mowers, Investorideas

 

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