#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $CIFR) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)

 

 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $CIFR) (NasdaqGM: $BITF) (NasdaqCM: $DGHI)

 

Cipher Mining and Bitfarms Post BTC Production Results for June, and Digihost Updates on Operational Sustainability Initiatives

 

Vancouver, Kelowna, Delta, BC July 5, 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:CIFR) (NasdaqGM:BITF) (NasdaqCM:DGHI)

 

Cipher Mining Inc. (NasdaqGS:CIFR) has posted an operational update for the month of June 2023. Highlights include the mining of 360 Bitcoin (BTC), the selling of 350 BTC, and a deployed fleet of 65,000 mining rigs. Tyler Page, the company’s CEO, said:

 

“As we continue to expand our mining capacity, we aim to deliver operational excellence, even in the hot Texas summer. Our team focuses on efficient optimization of the portfolio, whether that is through the mix of rigs in use, underclocking our machines, or selling power back to the grid at the most valuable times. We are also pleased to announce that we have taken delivery of all 11,000 Canaan rigs that we recently purchased. And with the final build out of the infrastructure in the next few months, we are well on track to deliver on our goal of 7.2 EH/s by the end of Q3.”

 

Bitfarms Ltd. (NasdaqGM:BITF) has also posted a Bitcoin production and mining operations update for June 2023. The company reported the production of 389 BTC, the selling of 3,352 BTC, and the purchase of 6,310 Bitmain S19 Pro+, S19 j Pro and MicroBT M50S+ miners. The company’s CEO, Geoff Morphy, said:

 

“Deliveries and installations in Rio Cuarto, Argentina, continued on pace, and we remain on track to expand to our full operating capacity of 50 MW in Rio Cuarto and achieve 6.0 EH/s overall in Q3 2023. We continue to identify opportunities for accretive growth ahead of the halving in April 2024. To this end, we are in the final stages of completing our acquisition in Baie-Comeau, Quebec. Once closed, we are positioned to move quickly with miner deployments and expect the first 11 MW of the 22 MW Baie-Comeau expansion to come online this year.”

 

Digihost Technology Inc. (NasdaqCM:DGHI) has provided an update regarding its green initiatives, operational efficiency and stability, as well as its Bitcoin production results for the month ended June 30. According to the press release, Digihost aims “to mine BTC in an efficient and environmentally conscious manner, thereby minimizing [its] carbon footprint.” The company “entered into an additional [New York Independent System Operator] NYISO-level curtailment program that demands fast acting curtailment of load.” Digihost’s Chief Sustainability Officer Luke Marchiori commented:

 

“Developing facilities with access to abundant renewable and zero-emissions electricity has always been paramount during site selection. Participating in the rapid response NYISO curtailment program, as well as being the anchor subscriber of a Community Solar project, not only conveys our commitment to environmental stewardship, but also lowers our cost of BTC production.”

 

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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