#CryptoCorner #Podcast 784: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $MIGI) (TSXV: $BNXA.V)

 

 

 

#CryptoCorner #Podcast 784: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $MIGI) (TSXV: $BNXA.V)

 

Bitfarms Share BTC Production and Operations Update, Mawson Signs Hosting Co-Location Agreement for 100MW, and Banxa Announces Fiscal Results

 

Vancouver, Kelowna, Delta, BC March 1, 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.

 

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Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:MIGI) (TSXV:BNXA)

 

Bitfarms Ltd. (NasdaqGM:BITF) has shared its Bitcoin (BTC) production and mining operations update for February 2022. Highlights include the mining of 298 Bitcoin (10.6 BTC mined daily on average), and 4,883 BTC in custody as of February 28, 2022 ($210 million USD at $43,000/BTC). Emiliano Grodzki, CEO of Bitfarms, said:

 

“Nearing the opening of our two new farms in Sherbrooke, Québec, we remain on track to achieving our goal of 3 exahash per second (EH/s) by the end of the first quarter 2022. Miner deliveries accelerated in the second half of February positioning us to quickly ramp production at these Sherbrooke locations. The Bunker and Leger farms when complete will represent a total of 78 megawatts (MW) of added capacity. Along with our strategic expansion underway in Argentina, these farms will play a vital role in reaching our year-end 2022 target hashrate of 8 EH/s.”

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has signed a new hosting co-location agreement for approximately 100 megawatt (MW) and associated debt facility with Celsius Mining LLC. According to the press release, Mawson anticipates the “first mining hardware under this agreement to be deployed towards the end of Q1, 2022.” James Manning, Mawson’s Founder and CEO, said:

 

"We are delighted to have signed our largest hosting co-location customer to date, and look forward to working closely with Celsius Mining moving forward. The industry is experiencing a shortage of energy and energy infrastructure – having focused as a business on ‘Infrastructure First’ long ago, this enables us to take on strategic customers in our hosting co-location business. Demand and inbound enquiry for hosting continues to rise, and we look forward to updating stockholders on this front further in due course."

 

Banxa Holdings Inc. (TSXV:BNXA) has announced its October to December 2021 quarter fiscal results. Highlights include a Total Transaction Value increase of 461 percent year over year to $594 million AUD ($431 million USD), and revenue of $28 million AUD ($21 million USD), and increase of over 522 percent year on year. Holger Arians, the company’s CEO, said:

 

"Our expanding partner network and growing coin options are accelerating our market growth, delivering on our objective of expanding access to the global crypto market. In the October to December quarter alone we launched a new Layer 2 solution and added a considerable number of new partners. We're excited to continue this expansion in 2022."

 

Sam Mowers, Investorideas

 

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