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Crypto Corner Podcast 729: Stocks discussed: (NasdaqGM: BITF) (NasdaqCM: CLSK) (NasdaqGM: SDIG)

Bitfarms, CleanSpark, and Stronghold Digital Publish Production and Financial Results

 

Point Roberts, WA and Delta, BC - December 6, 2021 (Investorideas.com Newswire) 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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Crypto Corner Podcast 729: Stocks discussed: (NasdaqGM: BITF) (NasdaqCM: CLSK) (NasdaqGM: SDIG)

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Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:CLSK) (NasdaqGM:SDIG)

Bitfarms Ltd. (NasdaqGM:BITF) has published its Bitcoin (BTC) production and operations update for the month of November 2021. Highlights include 339 new BTC mined during the month, 11+ BTC mined daily on average, and the achievement of 2.1 EH/s in mining capacity. Emiliano Grodzki, Bitfarms Founder and CEO, said:

"Our industry leading BTC production reached over 3,000 BTC mined in the first 11 months of 2021. Even with an increase in network difficulty, our BTC production level held steady in November, and we ended the month with nearly 3,000 Bitcoin, valued at $175 million at current market prices. In addition, robust miner deliveries and installations continued throughout November, driving a 16% increase in our hashrate, which now stands at 2.1 exahash per second (EH/s). We expect all remaining miners scheduled for 2021 delivery to be received in the first half of December. Regarding development, we currently have four farms with 298 MW capacity under construction, and we anticipate beginning initial production in Paraguay by year end."

CleanSpark, Inc. (NasdaqCM:CLSK) has shared its unaudited bitcoin production and operations update for the year-to-date ended November 30, 2021. Highlights include the production of 218 bitcoins for the month of November, the production of 1,301 bitcoins for the year, and the deployment of a fleet of approximately 12,900 latest-generation bitcoin miners with a total hashrate of 1.3 EH/s. The company's total BTC holdings as of November 30 sits at 838.

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has provided the financial results for its third quarter ended September 30, 2021 and an operational update. Greg Beard, the company's co-chairman and CEO, said:

"We are excited about our entry into the public markets as a well-capitalized, vertically integrated Bitcoin miner with an advantageous cost structure. We have structured Stronghold to not only be a best-in-class Bitcoin miner, but also to have a positive impact on the environment, which we accomplish through the cleanup of toxic, legacy waste coal piles in Pennsylvania. These piles are actively polluting the Commonwealth's air and water, and we are proud that our operations benefit the local communities."

Sam Mowers, Investorideas

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