#CryptoCorner #Podcast 861: #Stocks discussed: (NasdaqGS: $CORZ) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)
#CryptoCorner #Podcast 861: #Stocks discussed:
(NasdaqGS: $CORZ) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)
Core Scientific,
Bitfarms Ltd., and Digihost Post Production and Operations Updates for June
2022
Vancouver, Kelowna, Delta, BC, July 5, 2022 -
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Stocks discussed: (NasdaqGS:CORZ) (NasdaqGM:BITF)
(NasdaqCM:DGHI)
Core Scientific,
Inc. (NasdaqGS:CORZ) has posted its production and operational updates
for June 2022. Highlights include the production of 1,106 self-mined bitcoins (BTC), an increase
in daily self-mining by 14 percent in the course of the month, and the
operation of over 180,000 owned and colocated ASIC servers. The company’s CEO,
Mike Levitt, said:
"Our
industry is enduring tremendous stress as capital markets have weakened,
interest rates are rising and the economy deals with historic inflation. Our
company has successfully endured downturns in the past, and we are confident in
our ability to navigate the current market turmoil.
We
are working to strengthen our balance sheet and enhance liquidity to meet this
challenging environment, and continue to believe that we will be operating in
excess of 30 EH/s in our data centers by year end 2022. We remain focused on
executing our plan, while taking advantage of distressed opportunities that may
arise.”
Bitfarms Ltd. (NasdaqGM:BITF) has also provided a production and mining operations
update for the month of June 2022. The company, according to the press release,
mined 420 bitcoins at an average rate of 14 mined per day during the month, and
boasts 3,144 BTC in custody as of June 30. Emiliano Grodzki, CEO of Bitfarms,
commented on the company’s project in in Rio Cuarto, Argentina:
“In
June, we completed the building structure for the first 50 MW warehouse in Rio
Cuarto, Argentina, and are nearing completion of its roof and floor.
Construction is also progressing smoothly on the construction of the
high-voltage 132-kilovolt transmission line that will feed the site. With
construction on schedule, we continue to expect production to commence at this
first warehouse in Q4 2022, and our plan remains to complete the second 50MW
facility in Q1 2023.”
Digihost Technology
Inc. (NasdaqCM:DGHI) has shared its unaudited Bitcoin production
results for the month and quarter ended June 30, 2022, along with an operations
update. Highlights include the mining of 72.18 BTC, and a total digital asset inventory value of
approximately $6.87 million. Don Christie, the company’s COO, commented:
“We
are pleased to report on our progress in diversifying our operations on a
jurisdictional basis. We will continue this strategy as we constantly monitor
changes in the political environment within which our industry operates. I
would also like to thank our employees for supporting the implementation of our
cost control program as we work our way through this challenging time for our
industry and the economy as a whole. I am confident that as a result of these
cost savings and further actions we have taken to strengthen our balance sheet,
Digihost will emerge from this inflationary period as a stronger, more
disciplined and profitable company.”
Sam Mowers, Investorideas
For
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