#CryptoCorner #Podcast 834: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGS: $CORZ) (NasdaqCM: $CLSK)

 

 

 

#CryptoCorner #Podcast 834: #Stocks discussed: (TSX: $GLXY.TO) (NasdaqGS: $CORZ) (NasdaqCM: $CLSK)

 

Galaxy Digital Holdings Ltd. Provides Capital and Liquidity Update, Core Scientific and CleanSpark Report Quarterly Results

 

Vancouver, Kelowna, Delta, BC May 13, 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/2022/051322-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05131GLXY-CORZ-CLSK.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (TSX:GLXY) (NasdaqGS:CORZ) (NasdaqCM:CLSK)

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has provided an update on its capital and liquidity position, and its operating resilience “in light of recent market conditions.” The company has a liquidity position of approximately $1.6 billion, with $800 million in cash and over $800 million in net digital assets. A net loss of roughly $300 million in comprehensive income is expected quarter-to-date. This, however, is contrasted with the fact that the total crypto market cap has decreased about 40 percent since March 31, 2022. The company, according to the press release, plans to continue to invest in its long-term growth strategy “while considering the current macroeconomic backdrop.”

 

Core Scientific, Inc. (NasdaqGS:CORZ) has reported its financial results for the first quarter ended March 31, 2022. Highlights include a total revenue increase of 255 percent over Q1 2021 to $192.5 million, the production of ​​3,202 Bitcoin (BTC), and a total hashrate of 16.2 EH/s. The company’s CEO, Mike Levitt, said:

 

"By continuing to focus on execution, we delivered first quarter revenue of $193 million, an increase of more than 250 percent over the prior year period. In the quarter we expanded our total hashrate to 16.2 exahash, self-mined 3,202 bitcoins and maintained our leadership position in the North American blockchain data center and digital asset mining category. Driven primarily by two non-cash, mark-to-market adjustments and stock-based compensation expense totaling $466 million, first quarter net loss was $466 million, while adjusted EBITDA of $93.0 million grew by more than 600 percent."

 

CleanSpark, Inc. (NasdaqCM:CLSK) has posted its financial results for the three and six months ended March 31, 2022. Highlights include revenues of $41.6 million – an increase of $33.5 million from Q2 2021, and total assets worth $424.8 million. CleanSpark’s CEO Zach Bradford said:

 

"The theme for this quarter has been operational and financial execution. While the whole industry faced macro headwinds, primarily driven by a lower average bitcoin price, we continued to execute on our infrastructure-first strategy. We have line-of-sight on 600MW of power, driven in large part by the recent agreement we signed with Lancium at the end of the quarter. We continue to make strides in our commitment to ESG principles, most notably by working on attracting and retaining a diverse and highly qualified workforce. As for our capital strategy, our growth capex was funded 100% from the conversion of bitcoin. We have not utilized the shelf offering since November and we continue to right size our capital structure through means of non-dilutive capital."

 

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