#CryptoCorner #Podcast 927: #Stocks in the News: (NasdaqGS: $HUT) (NasdaqCM: $CLSK) (NasdaqCM: $MIGI)
#CryptoCorner
#Podcast 927: #Stocks in the News: (NasdaqGS: $HUT) (NasdaqCM: $CLSK)
(NasdaqCM: $MIGI)
Hut 8 Publishes January
Production and Operations Results, CleanSpark Reports Quarterly Financial
Results, and Mawson Breaks Ground on New Mining Site
Vancouver, Kelowna, Delta, BC February
13, 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
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Stocks
discussed: (NasdaqGS:HUT) (NasdaqCM:CLSK) (NasdaqCM:MIGI)
Hut 8 Mining Corp. (NasdaqGS:HUT) has published its production and operations
results for January 2023. Highlights include the mining of 188 Bitcoin (BTC) – making for a total reserve balance of
9,274 BTC as of January 31, as well as the announcement of a merger of equals
with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). Jaime Leverton,
the company’s CEO, said:
"We
have been intentional and strategic in pursuing our HODL strategy: by building
a large, unencumbered stack, we have afforded ourselves the optionality to
strategically use a portion of it to cover operating expenses rather than
having to seek other financing options with less attractive terms. I am
confident that selling production while we focus on closing the merger with
USBTC is the right approach, as we expect to create a strong self-mining,
hosting, managed infrastructure operations, and HPC organization in the long
term."
CleanSpark, Inc. (NasdaqCM:CLSK) has reported its financial results for the three
months ended December 31, 2022. Highlights include revenues of $27.8 million
– a decrease of $9.3 million from the same period a year prior, and total
current assets of $21.2 million. The company’s CEO, Zach Bradford, explained:
"We
have reliably grown, quarter over quarter, as we execute an operational
strategy that we believe makes us one of the fastest growing, most reliable,
and most efficient publicly traded bitcoin miners in North America. While we
faced headwinds due to depressed bitcoin prices during most of our fiscal first
quarter, we persisted and grew. Our average hashrate rapidly increased,
outpacing global hashrate, and we mined the most bitcoin ever in a single
quarter.”
Mawson Infrastructure Group,
Inc. (NasdaqCM:MIGI) has announced the breaking of ground on its latest
Bitcoin Mining operation in Sharon, PA. According to the press release, “the
site’s first 6 Modular Data Centers, capable of holding and operating up to
3,528 ASIC miners and handling approximately 12MW have been installed.” Liam
Wilson, the company’s COO, said:
"We
are delighted to have broken ground on our Sharon, PA facility – and to have
taken delivery of the first 6 Modular Data Centers destined for Sharon, capable
of delivering 12MW of power to our miners / holding about 12 MW worth of
miners. This step forward is further proof of Mawson’s push to deploy
infrastructure and energize through 2023, and to achieve our previously stated
targets. We look forward to continuing to communicate operational updates
throughout 2023."
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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