#CryptoCorner #Podcast 809: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (NasdaqCM: $BTBT) (OTC: $BMNR)
#CryptoCorner
#Podcast 809: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (NasdaqCM:
$BTBT) (OTC: $BMNR)
Marathon and Hut 8 Provide
Production Updates for March, and Bit Digital Signs LOI with Bitmine Immersion
Technologies for Hosting Agreement
Vancouver, Kelowna, Delta, BC April 5,
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: (NasdaqCM:MARA) (NasdaqGS:HUT) (NasdaqCM:BTBT) (OTC:BMNR)
Marathon Digital Holdings,
Inc. (NasdaqCM:MARA) has posted unaudited Bitcoin (BTC) production and miner installation updates
for March 2022. Highlights include the production of a record 1,258.6
self-mined bitcoin during Q1 2022 (436.1 produced in March alone), an increase
of total bitcoin holdings to 9,373.6 BTC, and the receipt of approximately
5,600 S19 ASIC miners from BITMAIN in March. Fred Thiel, Marathon’s CEO, said:
“Our
primary focus at Marathon remains on deploying our miners. Given our record
first quarter, our ability to work alongside our partners to overcome
obstacles, and the positive news we recently received regarding deployments, we
remain confident in our ability to continue to execute on our strategy of
scaling Marathon into one of the largest, most agile, and most sustainably
operated Bitcoin miners in North America.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has announced a production update for the month of
March 2022. Highlights include the mining of 345 BTC – an average production
rate of 11.1 Bitcoin per day, the installation of 560 new MicroBT M30S and M31S+
miners, and the near complete construction of the company’s third mining
facility in North Bay, Ontario, Canada. Jason Zaluski, Head of Technology, Hut
8, said:
"Our
teams working in Medicine Hat and Drumheller, Alberta have continued to ensure
our upgraded machines are delivering strong results for us. Our orders from
MicroBT are arriving as scheduled, we are experiencing consistent growth in our
MicroBT Authorized Repair Centre, and we continue to actively recruit team
members as we continue to grow."
Bit Digital, Inc. (NasdaqCM:BTBT) and Bitmine Immersion
Technologies, Inc. (OTC:BMNR) have signed a Letter of Intent (LOI) establishing a
hosting relationship beginning with 7,000 current generation ASIC miners. This,
according to the press release, includes an agreement for “a mutually
beneficial revenue split of the mined Bitcoin, and a multi-year term.” Bit
Digital’s CEO, Bryan Bullett, said:
"We
are happy to begin our relationship with BitMine Immersion Technologies, and
have known the team for some time. As a company, we have been intrigued by
mining using immersion technology, and we are happy we found an ideal hosting
scenario allowing us to utilize the benefits offered by immersion cooling of
our machines."
Sam Mowers, Investorideas
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