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Crypto Corner Podcast 750: Stocks discussed: (NasdaqGS: ARBK) (NasdaqGM: SDIG) (NasdaqCM: EQOS)

Argo Shares Operational Update, Stronghold Digital Exceeds 1.3 EH/s, and Digivault Reports Progress in 2021

 

Point Roberts, WA and Delta, BC - January 7, 2022 (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 750: Stocks discussed: (NasdaqGS: ARBK) (NasdaqGM: SDIG) (NasdaqCM: EQOS)

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Stocks discussed: (NasdaqGS:ARBK) (NasdaqGM:SDIG) (NasdaqCM:EQOS)

Argo Blockchain (NasdaqGS:ARBK) has published an operational update for December 2021. The company mined 214 Bitcoin (BTC) or Bitcoin Equivalent in the month, an increase over 185 mined in November, and making for a total amount of BTC mined in 2021 of 2,045. Argo's Interim Chairman and CEO, Peter Wall, said:

"2021 has been a transformational year for both Argo and the cryptocurrency sector. We began development on our mining facility in Texas and we took Argo to NASDAQ. Our efforts allowed us to expand our global presence and we look forward to the year ahead and the opening of our mining facility in Dickens County, Texas".

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has announced that it has surpassed 1.3 exahash per second (EH/s) of total hash rate capacity with over 14,000 miners received to date, and over 8,700 of which were received in the last five weeks. Greg Beard, the company's CEO, commented:

"I am pleased that we were able to hit the targets we communicated in late November, including ending 2021 with at least 1.0 EH/s of total hash rate capacity, as we have been executing on our plans despite delays experienced in miner deliveries since our IPO. As of today, we have exceeded our objective by over 30%. We are also proud to announce that we have commenced mining Bitcoin at the Panther Creek Plant, the 80-megawatt reclamation and power generation facility that we acquired on November 2, 2021, and we continue to quickly scale the operation at this plant. We expect the Scrubgrass and Panther Creek plants to support Bitcoin miners with total hash rate capacity exceeding 4.0 EH/s by the end of the second quarter in 2022."

Digivault, the digital asset custody business of Eqonex Limited (NasdaqCM:EQOS), has achieved "a 30-fold increase in assets under custody in the 2021 calendar year," attributed to the strong demand for accredited and regulated crypto-industry service providers. Other highlights include a roughly 70-fold increase in transaction volume, and becoming "the first standalone custodian to be FCA Registered under the crypto asset regime." Digivault's CEO, Robert Cooper, said:

"The value of digital assets along with the technology infrastructure that it supports can no longer be ignored, as reflected in the landmark increases in cryptocurrency participation we saw in 2021. But this increase in participation also put the spotlight on the risks of security breaches and hacks. Our business growth reflects this growing awareness by industry participants to be far more discerning in choosing accredited and regulated service providers".

Sam Mowers, Investorideas

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