#CryptoCorner #Podcast 907: #Stocks discussed: (Nasdaq: $BTBT) (NYSEAmerican: $NILE) (Nasdaq: $ZEST) (CSE: $DIGI.CN)
#CryptoCorner
#Podcast 907: #Stocks discussed: (Nasdaq: $BTBT) (NYSEAmerican: $NILE) (Nasdaq:
$ZEST) (CSE: $DIGI.CN)
Bit Digital Shares Q3
Results, BitNile Enters Hosting Agreement with Agora Digital, and DigiMax
Changing Name to Spetz
Vancouver, Kelowna, Delta, BC December 8,
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.
Today’s
podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
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Stocks
discussed: (NasdaqCM:BTBT) (NYSEAmerican:NILE) (NasdaqCM:ZEST) (CSE:DIGI)
Bit Digital, Inc. (NasdaqCM:BTBT) has announced its unaudited financial results for
the third quarter ended September 30, 2022. Highlights include Bitcoin (BTC) mining revenue of $9.1 million, the
earning of 429.1 Bitcoins, and an active hash rate of its mining fleet at
approximately 1.35 EH/s as of the end of the quarter. Management commentary
from the press release reads:
“The
industry is currently negotiating significant macro headwinds as the price of
bitcoin and other digital assets have come under pressure, helping to precipitate
a series of negative events across the ecosystem. We are well positioned
against this backdrop with a pristine balance sheet, no debt obligations, no
capex or miner purchase obligations, and a healthy liquidity position.”
BitNile, Inc. (BNI), a wholly
owned subsidiary of BitNile Holdings, Inc. (NYSEAmerican:NILE), has entered into a hosting agreement securing up
to 78 megawatts (MW) of power with Agora Digital Holdings Inc., the latter
itself a majority-owned subsidiary of Ecoark Holdings Inc. (NasdaqCM:ZEST). According to the press
release, this hosting agreement “is intended to maintain BNI’s plan to promptly
install and operate the Bitcoin miners delivered by Bitmain Technologies
Limited,” and “enable it to initially power approximately 3,750 S19j Pro miners
in the first quarter of 2023.” Milton “Todd” Ault, III, BitNile’s Executive
Chairman, said:
“We
are excited about the new hosting relationship with Agora Digital. We believe
this arrangement will lower our operational production cost, while increasing
our total enterprise mining output.”
Digimax Global Inc. (CSE:DIGI) has filed articles of amendment to change its name
from "DigiMax Global Inc." to "Spetz Inc,” and its common shares
will subsequently begin trading on the Canadian Securities Exchange (CSE) under
the new ticker symbol "SPTZ" on December 9, 2022. The company’s CEO,
Yossi Nevo, explained:
"The
change in name to "Spetz Inc." reflects the Company's shift in focus
from cryptocurrency-related activities towards the growth and development of
Spetz, its proprietary, award-winning, mobile app. In light of the growth in
popularity of the Spetz app worldwide, and the recent launch of the Spetz app
in the USA, we have decided to have our corporate branding reflect our core
product, being the Spetz application."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative
Fintech company whose mission is to deliver a better way for businesses to
provide their customers with immersive commerce experiences. Commerse™, its
all-new, patent-backed technology platform powering seamless omni-channel
Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable,
cross-border digital banking, text-to-pay, crypto payments and merchant
services altogether from a single, unified stack designed to increase
operational efficiencies and growth for businesses while providing the economic
convenience that their customers demand from today’s commerce experiences. For
more information, visit apptechcorp.com.
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