#CryptoCorner #Podcast 836: #Stocks discussed: (NasdaqGS: $ARBK) (TSXV: $DM.V) (OTC: $INXDF) (NasdaqCM: $DGHI)

 



 

 

#CryptoCorner #Podcast 836: #Stocks discussed: (NasdaqGS: $ARBK) (TSXV: $DM.V) (OTC: $INXDF) (NasdaqCM: $DGHI)

 

Argo and Digihost Announce Q1 Financial Results, and DMG Invests $1M into The INX Digital Company for Institutional Crypto Adoption

 

Vancouver, Kelowna, Delta, BC May 18, 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/2022/051822-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05181ARBK-DM-INXDF-DGHI.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:ARBK) (TSXV:DM) (OTC:INXDF) (NasdaqCM:DGHI)

 

Argo Blockchain (NasdaqGS:ARBK) has announced its unaudited financial results for the quarter ended March 31 2022. Highlights include a revenue of $19.5 million, a net income of $2.1 million, the mining of 470 Bitcoin (BTC) and Bitcoin Equivalents, and the HODLing of 2,700 Bitcoin and Bitcoin Equivalents as of the quarter’s end. The company’s CEO, Peter Wall, commented:

 

"During the first quarter, our team has focused on working towards the completion of Helios Phase 1, while continuing to deliver strong performance from our existing fleet. To be a successful miner you need three components - power, miners, and capital. We already have a strong foundation for growth at Helios with our access to 800 MW of power capacity. This quarter, we improved our access to capital by establishing a financing relationship with NYDIG and strengthened our access to miners through our supply agreement with Intel for their new Blockscale ASIC chips. This will allow us to build custom-designed mining machines specifically to Argo's specifications and built for use in immersion-cooling technology.”

 

DMG Blockchain Solutions Inc. (TSXV:DM) has announced a strategic investment of $1 million in The INX Digital Company (OTC:INXDF), a developer of regulated trading platforms for digital securities and cryptocurrencies. According to the press release, this investment by DMG is an initiative “to promote institutional adoption of cryptocurrencies and blockchain technologies as well as accelerate the development of its Blockseer Core+ strategy.” DMG’s CEO, Sheldon Bennett, said:

 

“DMG views this investment in INX as a furthering of its Core+ strategy to drive transaction revenue streams. Our INX partnership offers DMG the opportunity for Blockseer to add to its development roadmap the ability to offer customers new Blockseer-based products.”

 

Digihost Technology Inc. (NasdaqCM:DGHI) has posted its unaudited financial results for the first quarter ended March 31, 2022. Highlights include revenue from digital currency mining of $7.3 million, and the mining of a total of 186.53 BTC. Michel Amar, the company’s Chairman and CEO, explained:

 

“The Company is pleased to present its first quarter financial results, highlighted by a 77% increase in Bitcoins mined on a year over year basis. The Company’s previous investments in infrastructure along with securing access to clean and renewable energy sources led to revenue generation from mining of $7.3M, an increase of 53% over the preceding year. Despite challenging market conditions, Digihost is committed to its goal of being a leading blockchain technology company. With approximately $31 million of cash and cash equivalents currently on hand, valued at today’s BTC price, and a mining operation with breakeven costs of approximately $12,000 per BTC, based on current hashing difficulty and cost of power, the Company is more than capable of sustaining its existing operations, Digihost is clearly here to stay. Based upon the number of BTC mined so far this quarter, the Company anticipates that it will mine more BTC in Q2 than it mined during Q1 of this year.”

 

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