#CryptoCorner #Podcast 896: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $CLSK) (NasdaqCM: $DGHI)

 

 

 

#CryptoCorner #Podcast 896: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $CLSK) (NasdaqCM: $DGHI)

 

CleanSpark Acquires 3,843 New BTC Miners, Bitfarms and Digihost Post October Results

 

Vancouver, Kelowna, Delta, BC November 1, 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) (NasdaqCM:CLSK) (NasdaqCM:DGHI)

 

Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update for October 2022. Highlights include the mining of 486 new BTC, and an average online hashrate capacity of 4.2 EH/s for the month. Geoff Morphy, the company’s President and COO, said:

 

“In October, we progressed on schedule at our Garlock farm and expect to energize the first 6 megawatts (MW) of its planned 18 MW capacity by mid-November with full energization in December. In addition, Phase 3 of The Bunker is ahead of plan for its final 12 MW capacity and is also expected to be completed in December. The activation of these two state-of-the-art farms will achieve our facilities growth and transition goal for Sherbrooke.”

 

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that it has acquired 3,843 units of the Antminer S19J Pro Bitcoin miners for $5.9 million, bringing the total number of machines purchased by the company “since bear market conditions began to over 26,500.” The company’s CEO, Zach Bradford, explained:

 

“This most recent purchase demonstrates how CleanSpark continues to execute in distressed markets. Our unwavering focus on sustainability has provided us with a strong balance sheet and operating strategy that has allowed us to acquire machines at incredible prices, grow our hashrate, and increase our daily bitcoin production in anticipation of market conditions improving over the next several months.”

 

Digihost Technology Inc. (NasdaqCM:DGHI) has published its unaudited comparative BTC production results and operations results for the month ended October 31, 2022. Highlights include the mining of 74.58 BTC – making for a total holdings of 118.16 BTC, and total Ethereum (ETH) holdings of 800.89 ETH. Michel Amar, the company’s Chairman and CEO, commented:

 

“Despite current volatile economic conditions, Digihost has been able to maintain good liquidity levels of cash and crypto holdings on a month-to-month basis relative to the size of our operations and of equal importance, the Company continues to be debt free. We have maintained these liquidity levels while internally funding 100% of our infrastructure development and securing bonds for electric service.”

 

Sam Mowers, Investorideas

 

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