#CryptoCorner #Podcast 807: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $ANY) (CSE: $KASH.C)
#CryptoCorner
#Podcast 807: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $ANY) (CSE: $KASH.C)
Bitfarms Posts BTC
Production Update for March, Sphere 3D Reports 2021 Financial Results, and
Intellabridge Launches Kash USD Accounts in US
Vancouver, Kelowna, Delta, BC April 1,
2022 - Investorideas.com, a leader in
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Stocks
discussed: (NasdaqGM:BITF) (NasdaqCM:ANY) (CSE:KASH)
Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update
for March 2022. Highlights include 363 new BTC mined during the month – up 64
percent over March 2021, 5,243 BTC in custody as of March 31, and nearly 11,000
new Bitcoin miners capable of over 1 EH/s either received or in transit. The
company’s CEO, Emiliano Grodzki, said:
“Adding
400 petahash per second to our hashrate in March, we are rapidly approaching
our goal of 3 exahash per second (EH/s), which we expect to reach within the
next week. Driving the increase in our hashrate was the addition of one of our
new Sherbrooke locations, phase one of The Bunker, which was brought online in
March. Another new Sherbrooke location, Leger, is on the verge of starting
production that will immediately boost our hashrate over our 3 EH/s goal.
Daily
BTC production has increased as a result and as of today averages 12.5 (BTC)
per day. This is up 18% from our February average and equates to about
US$575,000 in daily revenue at the current BTC price of US$46,000.”
Carbon-neutral bitcoin
mining firm Sphere 3D Corp. (NasdaqCM:ANY) has reported its financial results for the year
ended December 31, 2021. Highlights include a net revenue of $3.7 million –
down from $4.8 million in 2020, and operating expenses of $21.4 million – up
from $8.2 million in 2020. Peter Tassiopoulos, CEO of Sphere 3D, commented:
"In
2021, we entered into an agreement to purchase 60,000 Bitmain S19j Pro Bitcoin
Miners, representing over 6.0 exahash of capacity. We entered into agreements
with Gryphon Digital Mining to manage the operation of the machines and with
Core Scientific to host them. After the year-end, we began mining bitcoin with
the first 1,000 S19j Pro miners activated. As deliveries of additional miners
ramp up throughout 2022, we expect to see a significant increase in
revenue."
Intellabridge Technology
Corp. (CSE:KASH) has announced the launch of Kash USD Accounts in
the United States, giving customers “FDIC insured USD accounts and the ability
to on-ramp from US Dollars into decentralized finance (DeFi) to earn a 10%
stable interest rate on their Kash savings accounts.” Kash is described as “the
next generation digital banking platform based on a hybrid of decentralized
finance, stablecoin technology, and traditional financial services.” John
Eagleton, CEO of Intellabridge, said:
"With
our product, Intellabridge has become the first publicly traded decentralized
finance company with a working product empowering individual users with an
alternative to traditional banking. Leveraging blockchain technology with
self-custodial accounts, Kash enables access to high-earnings DeFi money
markets.”
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
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