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Crypto Corner Podcast 861: Stocks discussed: (NasdaqGS: CORZ) (NasdaqGM: BITF) (NasdaqCM: DGHI)

Core Scientific, Bitfarms Ltd., and Digihost Post Production and Operations Updates for June 2022

 

Vancouver, Kelowna, Delta, BC - July 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.

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/070522-CryptoMarket.mp3

Crypto Corner Podcast 861: Stocks discussed: (NasdaqGS: CORZ) (NasdaqGM: BITF) (NasdaqCM: DGHI)

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Named one of 14 Best Crypto & Blockchain Podcasts (Jun 2022)
https://www.yoreoyster.com/blog/best-crypto-podcasts/

Stocks discussed: (NasdaqGS:CORZ) (NasdaqGM:BITF) (NasdaqCM:DGHI)

Core Scientific, Inc. (NasdaqGS:CORZ) has posted its production and operational updates for June 2022. Highlights include the production of 1,106 self-mined bitcoins (BTC), an increase in daily self-mining by 14 percent in the course of the month, and the operation of over 180,000 owned and colocated ASIC servers. The company's CEO, Mike Levitt, said:

"Our industry is enduring tremendous stress as capital markets have weakened, interest rates are rising and the economy deals with historic inflation. Our company has successfully endured downturns in the past, and we are confident in our ability to navigate the current market turmoil.

We are working to strengthen our balance sheet and enhance liquidity to meet this challenging environment, and continue to believe that we will be operating in excess of 30 EH/s in our data centers by year end 2022. We remain focused on executing our plan, while taking advantage of distressed opportunities that may arise."

Bitfarms Ltd. (NasdaqGM:BITF) has also provided a production and mining operations update for the month of June 2022. The company, according to the press release, mined 420 bitcoins at an average rate of 14 mined per day during the month, and boasts 3,144 BTC in custody as of June 30. Emiliano Grodzki, CEO of Bitfarms, commented on the company's project in in Rio Cuarto, Argentina:

"In June, we completed the building structure for the first 50 MW warehouse in Rio Cuarto, Argentina, and are nearing completion of its roof and floor. Construction is also progressing smoothly on the construction of the high-voltage 132-kilovolt transmission line that will feed the site. With construction on schedule, we continue to expect production to commence at this first warehouse in Q4 2022, and our plan remains to complete the second 50MW facility in Q1 2023."

Digihost Technology Inc. (NasdaqCM:DGHI) has shared its unaudited Bitcoin production results for the month and quarter ended June 30, 2022, along with an operations update. Highlights include the mining of 72.18 BTC, and a total digital asset inventory value of approximately $6.87 million. Don Christie, the company's COO, commented:

"We are pleased to report on our progress in diversifying our operations on a jurisdictional basis. We will continue this strategy as we constantly monitor changes in the political environment within which our industry operates. I would also like to thank our employees for supporting the implementation of our cost control program as we work our way through this challenging time for our industry and the economy as a whole. I am confident that as a result of these cost savings and further actions we have taken to strengthen our balance sheet, Digihost will emerge from this inflationary period as a stronger, more disciplined and profitable company."

Sam Mowers, Investorideas

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