#CryptoCorner #Podcast 868: #Stocks discussed: (NYSE: $CMG) (NasdaqGS: $CORZ) (NasdaqCM: $MIGI)
#CryptoCorner
#Podcast 868: #Stocks discussed: (NYSE: $CMG) (NasdaqGS: $CORZ) (NasdaqCM: $MIGI)
Chipotle Enters Colocation
Agreement, and Mawson Shares June BTC Production Giving Away $200K in Crypto
Through “Buy the Dip” Game, Core Scientific
Vancouver, Kelowna, Delta, BC July 26,
2022 - Investorideas.com, a leader in
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Stocks
discussed: (NYSE:CMG) (NasdaqGS:CORZ) (NasdaqCM:MIGI)
Popular restaurant chain
Chipotle (NYSE:CMG) is launching a new interactive game called
"Buy The Dip" in which it will give away over $200,000 in free
cryptocurrencies. The game will be open from 10am PT today to 6pm PT each day
through Sunday, July 31, or National Avocado Day. The company accepts digital
currency – including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) – nationwide through a partnership with
digital payments firm Flexa. The gam is accessible through the website www.chipotlebuythedip.xyz. Chris Brandt,
Chipotle’s Chief Marketing Officer, said:
"We
want to build the next generation of Chipotle fandom by connecting with the
Web3 community. We're excited to bring positivity to the crypto conversation by
empowering fans to 'Buy The Dip.'"
Core Scientific, Inc. (NasdaqGS:CORZ) has entered into a colocation agreement to
increase its hosting business by 75MW. This, according to the press release,
“will generate approximately $50 million in annual revenue when the ASIC
servers are fully deployed.” This means that the company “expects to be
operating approximately 325,000 ASIC servers (combined self-mining and
colocation) in its data centers before year end.” Core Scientific’s CEO, Mike
Levitt, said:
"This
new agreement demonstrates continued customer confidence in Core Scientific’s
ability to deliver best-in-class blockchain data center solutions. We remain
focused on executing our 2022 plans to expand our capacity, support the Bitcoin
Network’s continued growth and create value for all our stakeholders, despite
current market challenges. We look forward to providing further details about
our progress on August 11th, 2022 during our second quarter earnings conference
call."
Mawson Infrastructure
Group, Inc. (NasdaqCM:MIGI) has announced its unaudited Bitcoin production and
operational update for the month of June 2022. Highlights include the
production of 127 Bitcoin – up 140 percent over June 2021, and an average hash
rate of about 1.0 Exahash – up 260 percent over June 2021. The company’s
CEO and Founder, James Manning, said:
The month of June was characterized by
continued deployment of our hosting co-location business, establishment of
energy demand response programs and additional deployments of our Bitcoin
Self-Mining business. Markets have remained volatile, and we took the sensible
decision to defer all major forward capital expenditure until market conditions
normalize, as well as raising $10 Million in new capital to strengthen our
balance sheet. This, coupled with the fact we have no further ASIC Bitcoin
Miner deliveries outstanding, puts Mawson in a solid position to endure through
the current market volatility. We continue to receive inbound enquiry for
hosting co-location services given our large amount of energy infrastructure
capacity available for Bitcoin Mining."
Sam Mowers, Investorideas
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