Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Thursday, May 12, 2022

#CryptoCorner #Podcast 833: #Stocks discussed: (NasdaqGS: $HUT) (NYSE: $BKKT) (NasdaqCM: $MIGI)

 



 

 

#CryptoCorner #Podcast 833: #Stocks discussed: (NasdaqGS: $HUT) (NYSE: $BKKT) (NasdaqCM: $MIGI)

 

Hut 8 and Bakkt Post Q1 Financials and Mawson Announces Update for April

 

Vancouver, Kelowna, Delta, BC May 12, 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/2022/051222-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05121HUT-BKKT-MIGI.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:HUT) (NYSE:BKKT) (NasdaqCM:MIGI)

 

Hut 8 Mining Corp. (NasdaqGS:HUT) has posted its financial results for the quarter ended March 31, 2022. Highlights include a quarterly revenue of $53.3 million CAD, a net income of $55.7 million, and a 17 percent increase in the company’s Bitcoin (BTC) holdings to 6,460. CEO Jaime Leverton said:

 

"We made measurable progress in the first quarter of 2022, significantly advancing our diversification strategy by completing the acquisition of five data centres and cementing our role as the only digital asset mining company that is delivering the high performance computing infrastructure to support companies in the blockchain and Web 3.0 spaces. Thanks to our leadership role in the digital asset mining industry backed by our HODL strategy, we are uniquely positioned to seize opportunities in this burgeoning industry as they arise."

 

Bakkt Holdings, Inc. (NYSE:BKKT) has announced its financial and operational results for the first quarter ended March 31, 2022. Highlights include a net revenue of $12.5 million USD – up 54 percent year-over-year, and digital asset conversion volume up 91 percent year-over-year – indicating strong customer activity. Gavin Michael, CEO of Bakkt, said:

 

"Momentum is building across our business and we’re proud of our strong year-over-year net revenue growth for the quarter. We are making considerable progress with our growing list of platform partners, and they serve as an entryway to a vast universe of brands across market segments. As integration work continues, we’re looking forward to being live soon and ramping up our partner activations through the course of this year. We're launching scalable products, like pay with points, which was recently activated with Wyndham Rewards, and making continued platform enhancements as we aggressively execute on the rest of our targeted roadmap."

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced its unaudited Bitcoin production and operational update for April 2022. Highlights include the production of 171 Bitcoin – up 384 percent year-over-year, and an average hashrate of approximately 1.3 Exahash for the month – up 583 percent year-over-year. The company’s CEO James Manning said:

 

"April was operationally solid for the business, with a particularly pleasing result in our hosting co-location business ramp up, where we expanded from 16 megawatts online in March, to 28 megawatts online in April. We expect this to rise to 52 megawatts online by the end of May, as we progressively roll out and expand our second major Bitcoin mining facility in the town of Midland, Pennsylvania. The Mawson team continued to expand over the month with more high-quality individuals joining the Mawson family. We anticipate a meaningful step up in our Bitcoin Self-Mining operations in May, to 1.8 Exahash, and expect further solid growth on this front in May and June."

 

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

 

No comments:

Post a Comment

NFT Market Needs Rejuvenation to Match Supply Increase: Huobi Research Institute Report

NFT Market Needs Rejuvenation to Match Supply Increase: Huobi Research Institute Report