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Crypto Corner Podcast 895: Stocks discussed: (NasdaqCM: CLSK) (NYSEAmerican: NILE) (OTC: BFCH)

CleanSpark Mining Hashrate Increases 150% Since January, BitNile Achieves BTC Mining Production Milestone, and BitFrontier Purchases New Mining Equipment

 

Vancouver, Kelowna, Delta, BC - October 28, 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/2022/102822-CryptoMarket.mp3

Crypto Corner Podcast 895: Stocks discussed: (NasdaqCM: CLSK) (NYSEAmerican: NILE) (OTC: BFCH)

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Stocks discussed: (NasdaqCM:CLSK) (NYSEAmerican:NILE) (OTC:BFCH)

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that its Bitcoin (BTC) mining hashrate has exceeded 5 EH/s, representing an increase of 150 percent since January 2022. The company has also surpassed its year-end guidance more than 60 days ahead of schedule and is raising its year-end hashrate guidance 10 percent, to 5.5 EH/s. Gary A. Vecchiarelli, CleanSpark's CFO, said:

"The effective deployment of our capital strategy has allowed us to exceed hashrate expectations. Crucial to that strategy has been our long-held commitment to selling a portion of the bitcoin we mine to fund growth and operations. As our hashrate has grown, the amount of bitcoin we produce has also grown, creating a virtuous cycle that has allowed us to seize opportunities for growth and expansion."

BitNile Holdings, Inc. (NYSEAmerican:NILE) has achieved a Bitcoin mining production milestone of 500 Bitcoin mined to date at its Michigan data center. The company also announced today that its subsidiary, Alliance Cloud Services, LLC, is now planning to launch enterprise data center services at its Michigan data center. Alliance, according to the press release, "has developed a diversified site, including commercial real estate for office, warehouse and distribution, a high-density computing data center focused on Bitcoin mining, and the announced enterprise data center with plans to offer hosting and colocation services for third parties."

BitFrontier Capital Holdings, Inc. (OTC:BFCH) has purchased a new dry cooler to integrate with its liquid immersion system for its initial flagship facility in North Carolina. This will give the company a 1,000 kW thermal cooling capacity, allowing it "to run an extensive assortment of miners and networking equipment allowing for a perfectly controlled temperature to extend the life of devices." A further excerpt from the press release reads:

"...the company has received initial miners and begun unpacking them for rack mining while we wait for Immersion set up to be built. Additional miners have been purchased and will be coming throughout the end of year and into the 2023 year."

Sam Mowers, Investorideas

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