#CryptoCorner #Podcast 870: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)




#CryptoCorner #Podcast 870: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)


Hut 8 Partners with Foundry Digital, Bitfarms and Digihost Post July Updates


Vancouver, Kelowna, Delta, BC August 2, 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.


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Stocks discussed: (NasdaqGS:HUT) (NasdaqGM:BITF) (NasdaqCM:DGHI)


Hut 8 Mining Corp. (NasdaqGS:HUT) has signed a partnership with Foundry Digital LLC, a digital asset infrastructure-focused subsidiary of Digital Currency Group Inc. Hut 8, according to the press release, “will support multiple lines of business for Foundry,” providing the latter with cloud services. Jaime Leverton, CEO of Hut 8, commented:


"We are delighted to welcome Foundry, who we've long supported through their digital asset mining pool, to our high performance computing data centre in Mississauga, Ontario. Foundry is a leader in the digital asset industry, and we look forward to enabling their continued growth with cutting-edge infrastructure."


Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update for July 2022. Highlights include the mining of 500 new BTC (16.1 BTC mined daily on average), and 3.8 EH/s online as of the month’s end. Ben Gagnon, the company’s Chief Mining Officer, said:


“In July we completed The Bunker Phase 2, reached full production at Leger, and added new production in Washington state, increasing total capacity by 21% to 166 megawatts (MW). We partially offset new miner installations at this location with miner redeployments resulting in growth in our hashrate to 3.8 exahash (EH/s), up 6% from 3.6 EH/s at the beginning of July. Unseasonably high temperatures in QuĂ©bec and Washington state late in the month also slightly lowered miner productivity and affected our corporate hashrate. With cooler temperatures and the completion of remaining miner redeployments, as well as the installation of new miners, we expect our hashrate will exceed our 4 EH/s target in August.”


Digihost Technology Inc. (NasdaqCM:DGHI) has announced its unaudited comparative BTC production results and an operations update for the month ended July 31, 2022. Highlights include the production of 64.17 BTC, Ethereum (ETH) holdings of 1,000.89, and a total digital asset inventory value of approximately $6.82 million at the month’s end. The company has also commenced construction and the development of the facilities build-out at its Alabama site, with the aim of “bringing the property to a hashing capacity of 28 MW by the end of the third quarter of 2022.”


Sam Mowers, Investorideas


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