#CryptoCorner #Podcast 829: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (TSXV: $BNXA.V)

 



 

 

#CryptoCorner #Podcast 829: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqGS: $HUT) (TSXV: $BNXA.V)

 

Marathon and Hut 8 Post April Production Updates, and Banxa Expands with Web3 Hedera Partnership

 

Vancouver, Kelowna, Delta, BC May 6, 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/2022/050622-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05061MARA-HUT-BNXA.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:HUT) (TSXV:BNXA)

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited Bitcoin (BTC) production and miner installation updates for April 2022. Highlights include the production of 299 self-mined bitcoins during the month, the installation of approximately 4,200 miners, and an increase in total bitcoin holdings to 9,673 BTC. Fred Thiel, Marathon’s chairman and CEO, commented:

 

“In April, we grew our bitcoin holdings to 9,673 BTC as we successfully installed nearly 4,200 miners in containers and made substantial progress addressing some of the regulatory and permitting challenges related to breaking the mold on deploying behind the meter. Ongoing maintenance issues at the power generating station in Montana caused our bitcoin production to dip by approximately 30% in April. As we announced in April, we will be transitioning our miners out of Hardin in stages to minimize downtime and moving them to more sustainable sources of power during the third quarter.”

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has also posted a production update for April 2022. Highlights include the mining of 309 Bitcoin, with an average production rate of 10.3 Bitcoin per day – all of which was deposited into custody, an installed operating capacity of 2.58 EH/s, and a total Bitcoin balance held in reserve of 6,769 as of April 30. Jason Zaluski, VP of Strategic Technologies, Hut 8, said:

 

"Our upgraded machines allow us to be as nimble and efficient as possible. Although April was unseasonably cold, limiting our mining during a few snowstorms, we were able to increase our hashrate."

 

Banxa Holdings Inc. (TSXV:BNXA) has announced a first-to-market Web3 partnership with the enterprise blockchain Hedera, which according to the press release, further cements “its commitment to creating more local on- and off-ramping infrastructure for people around the world.” This will involve Banxa becoming the first retail platform globally to support the USD-backed stablecoin USD Coin (USDC) on Hedera. Banxa CEO Holger Arians said:

 

"The Web3 ecosystem is only in its infancy, with significant opportunities for businesses and individuals worldwide. Banxa is thrilled to be the first fiat to crypto on- and off-ramp to support USDC on Hedera. Working with a leading enterprise-grade public ledger for the decentralized economy, we can continue to support the crypto ecosystem's expansion and the opportunities this brings."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

 Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

 

Comments