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Crypto Corner Podcast 831: Stocks discussed: (NasdaqGS: HUT) (NasdaqGS: CIFR) (NasdaqCM: BTBT)

Hut 8 Publishes ESG Report, Cipher Mining Shares Q1 Results, and Bit Digital Announces April Updates

 

Vancouver, Kelowna, Delta, BC - May 10, 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/2022/051022-CryptoMarket.mp3

Crypto Corner Podcast 831: Stocks discussed: (NasdaqGS: HUT) (NasdaqGS: CIFR) (NasdaqCM: BTBT)

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Hut 8 Publishes ESG Report, Cipher Mining Shares Q1 Results, and Bit Digital Announces April Updates

Stocks discussed: (NasdaqGS:HUT) (NasdaqGS:CIFR) (NasdaqCM:BTBT)

Hut 8 Mining Corp. (NasdaqGS:HUT) has published its inaugural ESG (Environmental, social, and governance) report. Highlights from the press release include the company's being "on track to achieving carbon neutrality by 2025," has "installed 100% LED lighting at the Medicine Hat and Drumheller mines," and boasts "zero recordable injuries across the business." Hut 8's CEO Jaime Leverton said:

"Technology, sustainability, inclusivity, and innovation are a part of Hut 8's DNA. While our executive and board have long been proponents of strong environmental, social, and governance standards, we have worked with the entire Hut 8 team to set measurable ESG targets, and are proud to be achieving meaningful results."

Leverton went on to say:

"We will continue to embed ESG priorities into everything we do, continually adapting our approach based on new data, best practices, and insights that align with our business priorities."

Cipher Mining Inc. (NasdaqGS:CIFR) has announced results for its first quarter ending March 31, 2022, as well as an update on its operations and deployment strategy. Operations highlights include the company's starting of Bitcoin (BTC) mining in February at its first data center at Alborz, the installation of 2,949 mining rigs with 0.3 EH/s at the Alborz facility, and 400 PH/s added to its 2022 delivery forecast. Tyler Page, CEO of Cipher, said:

"Our first quarter was marked by significant milestones, including the start of rig installation and mining of our first bitcoins. I am pleased to say we are meeting our goals, and we are scaling quickly as we continue to build Cipher into a leading U.S.-based Bitcoin mining enterprise."

Bit Digital, Inc. (NasdaqCM:BTBT) has announced its unaudited bitcoin production and corporate updates for the month of April 2022. On the corporate side, the company earned 76.23 bitcoins and 77.32 Ethereum (ETH) in the month, boasts treasury holdings of BTC and ETH of 754.32 and 323.95, respectively, and owns 30,865 bitcoin miners and 731 Ethereum miners as of April 30, 2022, with an estimated maximum total hash rate of 1.9 EH/s and 0.3 TH/s, respectively. According to the press release, 34.7 percent of the company's currently-owned fleet was deployed in North America as of April 30, 2022.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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