#CryptoCorner #Podcast 765: #Stocks discussed: (NasdaqGM: $BITF) (NYSE: $BKKT) (NasdaqCM: $DGHI)
#CryptoCorner
#Podcast 765: #Stocks discussed: (NasdaqGM: $BITF) (NYSE: $BKKT) (NasdaqCM: $DGHI)
Bitfarms Shares Updates
for January, Hanover Community Bank Joins with Bakkt’s Crypto Platform, and
Digihost Reports Monthly BTC Production Results
Vancouver, Kelowna, Delta, BC February 1,
2022 - Investorideas.com, a leader in
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Stocks
discussed: (NasdaqGM:BITF) (NYSE:BKKT) (NasdaqCM:DGHI)
Bitfarms Ltd. (NasdaqGM:BITF) has shared its Bitcoin (BTC) production and mining operations
update for January 2022. Highlights include the achievement of a 2.3 EH/s
hashrate, the mining of 301 new BTC, and 4,600 BTC in custody as of January 31.
The company’s CEO, Emiliano Grodzki, discussed the commencement of operations
at its 10-megawatt (MW) farm in Paraguay:
“As we execute on our growth strategy of
expanding into new geographies and leveraging our presence in these regions,
Paraguay is of particular strategic importance. Bringing our Paraguay farm online
marks the start of our commercial operations in South America. The first of our
two South American development projects, bringing the Paraguay farm online
furthers our goals of achieving 3 exahash per second (EH/s) by the end of the
first quarter of 2022 and 8 EH/s by the end of 2022.”
Bakkt Holdings, Inc. (NYSE:BKKT) has announced that Hanover Community Bank is
joining its early adopter program to connect to Bakkt’s cryptocurrency
platform, giving “the Bank’s customers access to bitcoin and Ethereum (ETH) through the Bank’s mobile
banking app.” Sheela Zemlin, Chief Revenue Officer, Bakkt, commented:
"We’re seeing the increased momentum
of cryptocurrency interest and adoption among a large cross-section of the
consumer population. Bakkt’s partners like Hanover Bank are intent on lowering
the barrier to entry for their clients to enjoy this new asset class. It’s
undeniable that cryptocurrency has catapulted itself to prime time and grown
its sphere of influence to include more than early adopters; this is going
mainstream. It’s an exciting time for Bakkt to introduce new and innovative
options, so that anyone can participate in this burgeoning economy."
Digihost Technology Inc. (NasdaqCM:DGHI) has shared its unaudited Bitcoin production
updates for the month ended January 31, 2022. Highlights include the mining of
approximately 62.58 BTC (worth about $26.9 million USD) in the month, and total
Ethereum holdings of 1,000.89 ETH ($2.7 million USD). The company’s CEO Michel
Amar said:
“Digihost is very pleased to announce the
continuation of our strong operating performance for the first month of 2022,
resulting in an 86% increase in coins mined compared to January 2021. Over the
course of 2022 the Company will adhere to its plan to increase mining capacity
through the expansion of mining infrastructure coupled with the acquisition of
the latest generation miners, while continuing to be a low-cost producer of
Bitcoin.”
Sam Mowers, Investorideas
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