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Monday, August 29, 2022

#CryptoCorner #Podcast 878: #Stocks discussed: (NasdaqCM: $MIGI) (TSXV: $CSTR.V) (TSXV: $CBIT.V)

 



 

 

#CryptoCorner #Podcast 878: #Stocks discussed: (NasdaqCM: $MIGI) (TSXV: $CSTR.V) (TSXV: $CBIT.V)

 

Mawson, CryptoStar, and Cathedra Bitcoin Post Updates

 

Vancouver, Kelowna, Delta, BC August 29, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

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https://www.investorideas.com/Audio/Podcasts/2022/082922-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08291MIGI-CSTR-CBIT.asp

 

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Stocks discussed: (NasdaqCM:MIGI) (TSXV:CSTR) (TSXV:CBIT)

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has posted its unaudited Bitcoin (BTC) production and operational update for July 2022. The company expects an increase in its operational capacity to 3.7 Exahash by the end of this month. Other highlights include the production of 90 BTC, the installation of 1.8 Exahash as part of the company’s Hosting Co-location, and $1.8 million in total revenues for the period. The company’s CEO and Founder, James Manning, said:

 

"In July we continued the deployment of our self-mining and hosting co-location businesses and participated over the course of the month in our Energy Demand Response Program, which generated significant revenue in conjunction with reducing our costs of production. As a result of participation in this program, we curtailed approximately 11,182 MWh in July, enabling Mawson to direct energy back into the grid in times of need and high energy costs for the community."

 

CryptoStar Corp. (TSXV:CSTR) has shared an operations update. As of today, the company boasts an aggregate self-mining hashrate of 94.4 PH/s from ASIC miners and 125,550 MH/s from GPU miners running at its data centres. According to the press release, these hashrates contribute $332,569 per month in self-mining revenue for the firm. CryptoStar also reports progress on its expansion of operations in Quebec, Canada, and “plans to continue to further expand its self-mining inventory of mining hardware.”

 

Cathedra Bitcoin Inc. (TSXV:CBIT) has announced the results of its operations for the second quarter and six months ended June 30, 2022. Q2 highlights include a revenue of $2.53 million CAD, and the entering into a hosting agreement wherein it will deploy approximately 1,501 Bitmain Antminer S19j Pro machines “at various data centers in Kentucky and Tennessee.” An excerpt from the Management Commentary section of the press release reads:

 

"We remain as bullish as ever on the long-term prospects of Bitcoin. The mission is unchanged: build Cathedra into a category-defining business at the intersection of bitcoin mining and energy production. Amid collapsing supply chains and increasingly unreliable power infrastructure, our conviction in our long-term strategy of pursuing vertical integration and off-grid energy sources has only grown. We thank our shareholders for their continued support in these turbulent times."

 

Sam Mowers, Investorideas

 

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