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Crypto Corner Podcast 786: Stocks discussed: (NasdaqGM: CAN) (NasdaqGS: HUT) (NasdaqCM: MIGI)

Canaan Reports 2021 Financial Results, Hut 8 Achieves Record BTC Holdings, and Mawson to Expand Sandersville, Georgia Facility


Vancouver, Kelowna, Delta, BC - March 3, 2022 ( Newswire), 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 786: Stocks discussed: (NasdaqGM: CAN) (NasdaqGS: HUT) (NasdaqCM: MIGI)


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Stocks discussed: (NasdaqGM:CAN) (NasdaqGS:HUT) (NasdaqCM:MIGI)

Canaan, Inc. (NasdaqGM:CAN) has reported its unaudited financial results for the three months and twelve months ended December 31, 2021. Highlights include 7.7 million Thash/s in computing power sold in Q4 and 22.3 million Thash/s for the full year, and net revenues of $342.8 million and $782.5 million for Q4 and the full year, respectively. Nangeng Zhang, Chairman and CEO of Canaan, said:

"Looking ahead to the year 2022, we will keep carrying out our growth strategies through proactive investment in our R&D efforts, solid execution in global business development, agile operation to keep pace with industry dynamics, and prudent deployment in our mining operations. By leveraging our acumen, expertise, and our extensive experience in the market, we will continue to capitalize on developing opportunities in the industry."

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced that it achieved record Bitcoin (BTC) holdings in the period ending February 28, 2022. The company mined 289 bitcoins in February, all of which was deposited into custody making for a total Bitcoin balance held in reserve of 6,115 as of the end of the month. Hut 8 also installed 2,715 MicroBT M30S and M31S+ miners during February. Jason Zaluski, Head of Technology, Hut 8, said:

"Our teams in Drumheller and Medicine Hat have continued to diligently upgrade our Alberta sites over the month of February. Our 2022 M30S and M31S+ orders from MicroBT are arriving as scheduled, we are experiencing consistent growth in our MicroBT Authorized Repair Centre, and we are actively recruiting staff for our warranty centre and all our sites."

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) is expanding its Sandersville, Georgia, USA Bitcoin Mining facility to 230 Megawatts (MW). The company then, according to the press release, "intends to deploy its Modular Data Centre (MDC) technology at the expanded facility." James Manning, the company's CEO and Founder, said:

"We are delighted to be moving forward with what will be one of our largest Bitcoin Mining facilities in North America. Our relationship with MEAG, ECG, the Washington County Economic Development Authority and the City of Sandersville continues to strengthen, and we look forward to expanding this facility to 230 megawatts. In an environment where large scale, high-quality, low-cost Bitcoin Mining facilities are in short supply, we are genuinely excited for site development works at our Georgia Stage 3 expansion to begin later this year."

Sam Mowers, Investorideas

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