#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGM: $SDIG)
#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGM: $SDIG)
BTC Commentary from Lolli
CEO Alex Adelman, and Q4 2022 Updates from Bitfarms and Stronghold Digital
Vancouver, Kelowna, Delta, BC March 22,
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/
Listen to today’s
Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2023/032223-CryptoMarket.mp3
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Stocks
discussed: (NasdaqGM:BITF) (NasdaqGM:SDIG)
Alex Adelman, CEO &
Co-founder of Bitcoin (BTC) rewards app Lolli, has
provided the following commentary to Investorideas.com regarding Bitcoin’s
status as an alternative to traditional finance.
“Bitcoin is continuing to gain
momentum amid the banking crisis, showing that investors are recognizing
bitcoin as a secure store of value and a stable alternative to traditional
finance.
The banking crisis has highlighted the
fragility of centralized finance in contrast to bitcoin, which has done exactly
what it was created to do for over a decade on a completely trustless,
transparent basis. Bitcoin was created precisely for moments like this, when
the traditional banking system fails, highlighting the need for an asset that
is completely independent of centralized finance and banking.
The announcement of a $300 billion
injection into the economy to save cash-strapped banks has also driven
bitcoin’s price up. The intervention, which is widely being called a bailout,
highlights that the traditional banking system is showing cracks. Many
investors are now acting with the belief that the Fed won’t hike interest rates
with banks under duress, driving increased market confidence which has
historically fueled increased demand for bitcoin.
As the crisis continues to unfold, we
will see a growing number of people reconsider their money and shift their
capital to bitcoin as a superior, secure alternative to traditional finance.“
For
more on Lolli, visit their website at https://www.lolli.com/.
Bitfarms Ltd. (NasdaqGM:BITF) has posted its financial results for the fourth
quarter and year ended December 31, 2022. Some highlights include the mining of
1,434 BTC in Q4 (5,167 BTC in 2022), a net loss of $17 million USD and a total
revenue of $27 million for the quarter. The company’s President and CEO, Geoff
Morphy, commented:
“Our
high operating efficiencies and low-cost power contracts yielded an average
direct cost of production of $10,000 per BTC*** in 2022. Even during an
especially challenging BTC pricing environment in Q4 2022, we continued to
generate positive cash flow from operations and posted $1 million in Adjusted
EBITDA as we maintained total cash cost of production per BTC less than the
average price of BTC for the quarter.”
Stronghold Digital Mining,
Inc. (NasdaqGM:SDIG) has posted its Q4 2022 operations and financial
update. Highlights include an estimated $23 million of revenue, and a net loss
of $48 million. The quarter’s revenue, according to the press release,
“comprised an estimated $14 million from the sale of energy, an estimated $8
million from cryptocurrency mining, and an estimated $1 million from capacity
sales during the quarter.”
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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