#CryptoCorner #Podcast 843: #Stocks discussed: (CSE: $PBIT.C) (NYSE: $BTCM) (TSXV: $SATO.V)
#CryptoCorner #Podcast 843: #Stocks discussed: (CSE: $PBIT.C)
(NYSE: $BTCM) (TSXV: $SATO.V)
POSaBIT Systems,
BIT Mining Limited, and Canada Computational Post First Quarter Financial
Results
Vancouver, Kelowna, Delta, BC May 27,
2022 - Investorideas.com, a leader in
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Stocks discussed: (CSE:PBIT) (NYSE:BTCM) (TSXV:SATO)
Blockchain-enabled
payment processing and point-of-sale systems provider POSaBIT Systems
Corporation (CSE:PBIT) has announced its financial results for the three
months ended March 31, 2022. Highlights include $103 million in transactional
sales for payment services, and a total revenue of $6.4 million. Ryan Hamlin,
CEO and Co-founder of POSaBIT, said:
"We
continued to onboard new merchants during the first quarter, primarily higher
volume stores that, when coupled with anticipated same-store growth from our
existing store footprint, reinforces our optimism for another year of
exponential growth in 2022. Transactional sales volume began accelerating again
towards the end of the first quarter with March transactional volume
representing the largest month in our corporate history and that trend
continued into the second quarter.”
BIT Mining Limited
(NYSE:BTCM) has reported its unaudited financial results for
the first quarter ended March 31, 2022. Q1 saw revenues of $296.7 million, down
from the $497.8 million recorded in the fourth quarter of 2021, but still
considerably higher than the $2.6 million recorded for the first quarter of
2021. Xianfeng Yang, CEO of BIT Mining, said:
"Over
the past quarter, we focused on our expansion in North America and have made
significant progress in the construction of our data centers in Ohio. In the
meantime, we continued our Bitcoin [BTC] and Ethereum [ETH] mining businesses and the integration of
other businesses such as mining pool operation and mining machine manufacturing
to create synergies. Given our early-mover advantage in Ethereum mining, we are
also making inroads into Proof-of-Stake (POS) operations by providing a series
of services including governance and monitoring, account system and nodes
management. Looking forward, we plan to continue to enhance our value
proposition and further strengthen our mining technology."
Canada
Computational Unlimited Corp. (TSXV:SATO) has also shared its Q1 2022 financial results for March
31, 2022. Highlights include a total revenue of $1,709,266, as well as
$3,857,548 in digital assets held as of the quarter’s end. Romain Nouzareth,
the company’s President and CEO, said:
"These
results are reflective of the Company's dedication to its continued growth and
success in responsible mining. CCU's mining power at the Center One facility
has increased by a 4x factor compared to Q1 2021 and will reach 8x that upon
completion. We are on track to reaching full capacity and I am confident that
we will continue to deliver shareholder value.”
Sam Mowers, Investorideas
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