#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
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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 Québec 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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