#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $APCX) (NasdaqGM: $BITF)
(NasdaqCM: $BTBT)
AppTech Payments Partners
with Corix Solutions, Bitfarms Reaches 5 EH/s of Production, and Bit Digital
Posts 2022 Financial Results
Vancouver, Kelowna, Delta, BC April 28,
2023 - Investorideas.com, a leader in
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Stocks
discussed: (NasdaqCM:APCX) (NasdaqGM:BITF) (NasdaqCM:BTBT)
AppTech Payments Corp. (NasdaqCM:APCX) has announced a strategic partnership with Corix
Solutions, LLC. Corix, according to the press release, is “an integrator of the
open-source Waves Enterprise blockchain.” The partnership will see a
strengthening in AppTech's global reach and expands its footprint by supporting
integrations with its patent-based portfolio in text-to-pay, geolocation-based
solutions, and peer-to-peer mobile payment systems. Virgil Llapitan, President
of AppTech, said:
"We
are excited to add Corix as a strategic partner and look forward to utilizing
their flexible hybrid blockchain that combines the advantages of private and
public permissioned blockchain technologies to support our Commerse™ platform
globally.”
Bitfarms Ltd. (NasdaqGM:BITF) has announced that it reached 5 EH/s of production
on April 27, 2023. This follows the energizing of 2,100 new miners in
Argentina, contributing to an additional 250 PH/s of total production. The
company’s CFO, Jeff Lucas, said:
“With
expected energy costs below $0.03 per KWh and highly efficient new Bitcoin [BTC] miners, the farm in Argentina is a key
component of our strategy to control costs and maintain our best-in-class
average cost of bitcoin mined while increasing top line revenue. This expansion
exemplifies our commitment to prudent and responsible growth with a disciplined
approach focused on driving competitive returns on investment for our
shareholders.”
Bit Digital, Inc. (NasdaqCM:BTBT) has posted its fiscal year 2022 financial
highlights. Highlights include a total revenue of $32.3 million ($31.4 million
from BTC mining services, $0.9 million from ETH mining services), as well as the earning
of 1,247.5 BTC and 294.3 ETH for the year. Management commentary from the press
release reads:
“Our
goal for 2023 is to double our active hash rate to approximately 2.6 EH/s. To
achieve this goal, we intend to opportunistically acquire new-gen ASICs. Our
view has been that ASIC market conditions would progressively favor buyers and
are ready to capitalize on that trend.”
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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