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Crypto Corner Podcast 809: Stocks discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (NasdaqCM: BTBT) (OTC: BMNR)

Marathon and Hut 8 Provide Production Updates for March, and Bit Digital Signs LOI with Bitmine Immersion Technologies for Hosting Agreement

 

Vancouver, Kelowna, Delta, BC - April 5, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/040522-CryptoMarket.mp3

Crypto Corner Podcast 809: Stocks discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (NasdaqCM: BTBT) (OTC: BMNR)

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Bitfarms Posts BTC Production Update for March, Sphere 3D Reports 2021 Financial Results, and Intellabridge Launches Kash USD Accounts in US

Marathon and Hut 8 Provide Production Updates for March, and Bit Digital Signs LOI with Bitmine Immersion Technologies for Hosting Agreement

Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:HUT) (NasdaqCM:BTBT) (OTC:BMNR)

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has posted unaudited Bitcoin (BTC) production and miner installation updates for March 2022. Highlights include the production of a record 1,258.6 self-mined bitcoin during Q1 2022 (436.1 produced in March alone), an increase of total bitcoin holdings to 9,373.6 BTC, and the receipt of approximately 5,600 S19 ASIC miners from BITMAIN in March. Fred Thiel, Marathon's CEO, said:

"Our primary focus at Marathon remains on deploying our miners. Given our record first quarter, our ability to work alongside our partners to overcome obstacles, and the positive news we recently received regarding deployments, we remain confident in our ability to continue to execute on our strategy of scaling Marathon into one of the largest, most agile, and most sustainably operated Bitcoin miners in North America."

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced a production update for the month of March 2022. Highlights include the mining of 345 BTC - an average production rate of 11.1 Bitcoin per day, the installation of 560 new MicroBT M30S and M31S+ miners, and the near complete construction of the company's third mining facility in North Bay, Ontario, Canada. Jason Zaluski, Head of Technology, Hut 8, said:

"Our teams working in Medicine Hat and Drumheller, Alberta have continued to ensure our upgraded machines are delivering strong results for us. Our orders from MicroBT are arriving as scheduled, we are experiencing consistent growth in our MicroBT Authorized Repair Centre, and we continue to actively recruit team members as we continue to grow."

Bit Digital, Inc. (NasdaqCM:BTBT) and Bitmine Immersion Technologies, Inc. (OTC:BMNR) have signed a Letter of Intent (LOI) establishing a hosting relationship beginning with 7,000 current generation ASIC miners. This, according to the press release, includes an agreement for "a mutually beneficial revenue split of the mined Bitcoin, and a multi-year term." Bit Digital's CEO, Bryan Bullett, said:

"We are happy to begin our relationship with BitMine Immersion Technologies, and have known the team for some time. As a company, we have been intrigued by mining using immersion technology, and we are happy we found an ideal hosting scenario allowing us to utilize the benefits offered by immersion cooling of our machines."

Sam Mowers, Investorideas

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