#CryptoCorner #Podcast 926: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $DGHI) (NasdaqGM: $SDIG)
#CryptoCorner
#Podcast 926: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $DGHI) (NasdaqGM:
$SDIG)
Hut 8 Announces Business
Combination with US Bitcoin Corp, Digihost Acquires 60MW Power Plant, and
Stronghold Digital Signs Hosting Agreement with Foundry
Vancouver, Kelowna, Delta, BC February 8,
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).
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Stocks
discussed: (NasdaqGS:HUT) (NasdaqCM:DGHI) (NasdaqGM:SDIG)
Hut 8 Mining Corp. (NasdaqGS:HUT) and U.S. Data Mining Group, Inc.
(dba US Bitcoin Corp (USBTC)), a builder and strategic operator of four Bitcoin
(BTC) mining centres across the United States,
have announced a definitive business combination
agreement wherein both companies will combine in an all-stock merger of equals.
The resulting entity, according to the press release, “will be named "Hut
8 Corp." ("New Hut" or the "Combined Company") and
will be a U.S.-domiciled entity,” and will be “a large scale, publicly traded
Bitcoin miner focused on economical mining, highly diversified revenue streams,
and industry-leading best practices in ESG.” Hut 8’s CEO, Jaime Leverton, said:
"Bringing
together Hut 8's operational track record and diversified revenue streams with
US Bitcoin's scalable mining sites, sizeable hosting business, and
industry-leading managed infrastructure operations not only accelerates our
diversified strategy and positions us for near-term growth, but also
establishes us as a strong, U.S.-based player that is ready and able to seize
additional opportunities as they arise."
Digihost Technology Inc. (NasdaqCM:DGHI) has completed the acquisition of a 60 MW power
plant in North Tonawanda, NY. Michel Amar, the company’s CEO, commented:
“We
are extremely pleased to announce to our shareholders the completion of the
power plant acquisition. This successful transaction represents a significant
milestone in the Company’s ongoing infrastructure expansion strategy. As a
result of the Acquisition, our current operating capacity is close to 100MW
representing approximately 2 EH of computing power.”
Stronghold Digital Mining,
Inc. (NasdaqGM:SDIG) has recently signed a two-year
hosting agreement with Foundry (the “New Foundry
Hosting Agreement”), replacing the previous hosting agreement entered into on
November 7, 2022. This applies to a Bitcoin mining fleet of “approximately
4,500 miners with total hash rate capacity of approximately 420 PH/s and
average efficiency of approximately 35 J/TH.” Greg Beard, Co-chairman and CEO
of Stronghold, said:
“We
are excited to continue to partner with Foundry with this new long-term
agreement, whereby Foundry will fully participate in our vertically integrated
business model, validating our differentiated strategy. Further, the multi-year
nature of the agreement offers certainty around keeping miners installed and is
a natural pathway to fill a portion of our open miner slots capable of
supporting approximately 4 EH/s of miners utilizing our self-generated power.”
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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