#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $APCX) (NasdaqGM: $BITF) (NasdaqCM: $BTBT)

 

 

 

#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 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.

 

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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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