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Tuesday, January 4, 2022

#CryptoCorner #Podcast 747: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGM: $BITF) (NasdaqGM: $CAN)

 



 

 

#CryptoCorner #Podcast 747: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGM: $BITF) (NasdaqGM: $CAN)

 

Marathon Publishes Production Updates, Bitfarms Shares 2021 Results, and Canaan Enters Agreement to Expand #Crypto Mining in #Kazakhstan

 

Point Roberts, WA, Delta BC January 4, 2022 -  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.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/010422-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/01041MARA-BITF-CAN.asp

 

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Stocks discussed: (NasdaqCM:MARA) (NasdaqGM:BITF) (NasdaqGM:CAN)

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited bitcoin (BTC) production and miner installation updates for December 2021. Highlights include the production of approximately 3,197 self-mined bitcoin in fiscal year 2021 – up 846 percent from the previous year, and the receipt of approximately 10,365 top-tier ASIC miners from BITMAIN during the month of December, as well as 72,495 miners in 2021. Fred Thiel, the company’s CEO, said:

 

“We are starting 2022 with substantial momentum and a clear path to grow throughout this year and beyond. Today, we have access to top-tier hosting and renewable power, a strong balance sheet with $644.3 million in total liquidity, and nearly 167,000 industry leading bitcoin miners being added to our fleet between the start of this year and early 2023.”

 

Bitfarms Ltd. (NasdaqGM:BITF) has shared its bitcoin production and operations summary and update for the month of and year ended December 2021. Highlights include the mining of 363 bitcoins in December (3,452 for the year), and the receipt and installation of nearly 12,000 new miners in the year, making for a total fleet of approximately 27,000 miners online. The company’s Founder and CEO, Emiliano Grodzki, said:

 

“…in 2021 we began to retain virtually all of our BTC production, which strengthened our balance sheet as our BTC holdings grew to over 3,300 BTC, US$151.8 million at current market prices, and enabled us to implement our recently announced $100 million BTC-backed loan facility.”

 

Canaan Inc. (NasdaqGM:CAN) has entered into strategic collaboration agreements with multiple crypto mining firms for joint-mining business in Kazakhstan, making for an aggregate of 10,300 AvalonMiner units in mining operations in the country. Nangeng Zhang, the company’s Chairman and CEO, explained:

 

"The deployment of over 10,000 mining machines not only deepens our collaboration with leading local mining farms, but also marks our great strikes in our cultivation of the Bitcoin mining business. As we expand our involvement further down the Bitcoin value chain, we are enhancing the depth and width of our global presence while solidifying our business operations. Joining hands with mining firms, we are excited to leverage each of our respective strengths and resources to maximize profits and capitalize on the growth of the digital assets industry."

 

Sam Mowers, Investorideas

 

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