#CryptoCorner #Podcast 884: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGS: $APLD) (NYSEAmerican: $NILE)
#CryptoCorner
#Podcast 884: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGS: $APLD)
(NYSEAmerican: $NILE)
Bitfarms Announces
Hashrate Milestone, Applied Blockchain Breaks Ground at New Hosting Facility in
North Dakota, and BitNile Provides Mining Projections
Vancouver, Kelowna, Delta, BC September
19, 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: (NasdaqGM:BITF) (NasdaqGS:APLD)
(NYSEAmerican:NILE)
Bitfarms Litd. (NasdaqGM:BITF) has announced that its hashrate has exceeded the 4
exahash per second (EH/s) milestone as it commenced production at the first of
two 50-megawatt (MW) warehouses under development in Argentina. The company
boasts a total corporate capacity of 176 MW, with a goal of getting the
aforementioned 50 MW energized by December 31, 2022. Geoff Morphy, President
and COO of Bitfarms, said:
“With
attractive electricity pricing established last year under an 8-year private
party power contract, both facilities are expected to lower overall energy
costs for our portfolio, despite rising commodity costs in the energy market.
The initial production in our new farm in Rio Cuarto combined with refinements
at some of our Quebec and Washington farms also pushed actual production past
4.1 EH/s.”
Applied Blockchain, Inc. (NasdaqGS:APLD) has announced the groundbreaking of its
180-megawatt (MW) hosting facility in Ellendale, North Dakota, which occurred
on September 8, 2022. This facility in Ellendale is the company’s third
next-generation datacenter, and the second in North Dakota. Applied
Blockchain’s Chairman and CEO, Wes Cummins, said:
“The
community of Ellendale and representatives of North Dakota have been amazing to
work with as we bring this next facility to life. Having the new 180MW facility
located close to significant wind power capacity will allow it to be powered
with renewable energy to further propel future high performance computing
solutions for global enterprises and applications. The entire capacity of this
facility is already under contract, demonstrating the significant demand we
continue to have for our hosting services.”
BitNile Holdings, Inc. (NYSEAmerican:NILE) has shared projections on its expected Bitcoin (BTC) mining production levels. According to
the press release, the company “expects to have 7,500 miners at its Michigan
data center and 6,500 miners at the Texas facility hosted by Computer North,
LLC installed by the end of September 2022.” BitNile then “expects to increase
its average daily mining production to approximately 4.7 Bitcoin per day by the
end of September 2022,” and “9.33 Bitcoin per day by the end of December 2022.”
The firm’s Executive Chairman, Milton "Todd" Ault, III, said:
"As
the market has experienced a crypto winter, our investment in the Michigan data
center and our positive relationship with Bitmain allow us to have confidence
in our long-term plans regarding Bitcoin mining. Our recent purchase of
additional Bitcoin mining equipment demonstrates our belief in the long-term
outlook for Bitcoin. The plan to grow our Bitcoin mining operations is clear,
and it is rewarding to see the team continue to deliver on the goal of timely
installation of new Bitcoin miners as they arrive at our Michigan data center
and the Texas hosted facility."
Sam Mowers, Investorideas
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