#CryptoCorner #Podcast 924: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK) (TSXV: $CBIT.V)

 

 

 

#CryptoCorner #Podcast 924: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK) (TSXV: $CBIT.V)

 

Marathon and CleanSpark Post January Updates, and Cathedra Bitcoin Leases Mining Facility in Washington State

 

Vancouver, Kelowna, Delta, BC February 3, 2023 -  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).

 

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/2023/020323-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/02031MARA-CLSK-CBIT.asp

 

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Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:CLSK) (TSXV:CBIT)

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published unaudited bitcoin (BTC) production and miner installation updates for January 2023. Highlights include a record production of 687 BTC – up 45 percent from the previous month, and $133.8 million in unrestricted cash as of the end of January. Fred Thiel, the company’s Chairman and CEO, said:

 

“The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022. We believe the improvements in our operational efficiency, along with the proactive measures we have taken to strengthen our balance sheet, have placed Marathon in a strong position to achieve our growth and operational targets in 2023.”

 

CleanSpark, Inc. (NasdaqCM:CLSK) has released its unaudited Bitcoin mining and operations update for the month ending January 31, 2023. Highlights include the mining of 697 BTC – up 50 percent over the month prior, total holdings of 301 BTC, and a currently deployed fleet of roughly 66,000 latest-generation Bitcoin miners with a hashrate of 6.6 EH/s. Zach Bradford, the company’s CEO, commented:

 

“We had a banner month, and not just because we mined a record number of bitcoin. We also had our most reliable month ever, achieving 98% uptime across all of our sites. This remarkable achievement is the direct result of some of the hardest working and most dedicated teams in the public bitcoin mining sector. This fact is one of the hallmarks of the CleanSpark way and it is foundational to our operational strategy as one of the largest proprietary miners in North America.”

 

Cathedra Bitcoin Inc. (TSXV:CBIT) announced that it entered into an agreement to lease a 2.5-megawatt bitcoin mining facility in Washington State on January 29, 2023. With an initial term of 24 months, the lease gives the company a right of first opportunity (ROFO) to purchase the 2.5-megawatt facility and several adjacent facilities on the same premises. According to the press release, Cathedra “intends to deploy its final batch of 773 Bitmain Antminer S19J Pro machines at the leased facility upon their arrival, expected by March 2023,” which it expects to give an active hash rate “of at least 322 PH/s.”

 

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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