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Crypto Corner Podcast 905: Stocks discussed: (NasdaqGM: BITF) (NYSEAmerican: NILE)

Commentary from BitBull Capital's Joe DiPasquale, Bitfarms and BitNile Publish November Updates

 

Vancouver, Kelowna, Delta, BC - December 1, 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/2022/120122-CryptoMarket.mp3

Crypto Corner Podcast 905: Stocks discussed: (NasdaqGM: BITF) (NYSEAmerican: NILE)

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Stocks discussed: (NasdaqGM:BITF) (NYSEAmerican:NILE)

Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com regarding the state of Bitcoin's (BTC) price and market:

Fed chair Powell's speech addressing the labor market, resulted in improved market sentiment as he iterated the need for caution in the fight against inflation. What the market is now looking toward is a potential "soft landing", giving breathing room to both equities and crypto assets. Since the speech, BTC reclaimed $17,000 while ETH tested $1,300. Moving forward, however, the market will be looking toward the FOMC meeting on December 14 to see if the next rate hike is lower than 50bps. If yes, we could see another injection of bullish sentiment, possibly taking BTC to $20,000.

For more from Joe DiPasquale, please visit bitbullcapital.com.

Bitfarms Ltd. (NasdaqGM:BITF) has published a Bitcoin (BTC) production and mining operations update for November 2022. Highlights include the mining of 453 BTC, the installation of over 2,300 miners in Rio Cuarto, Argentina, and a hashrate capacity of 4.4 EH/s online as of November 30. Geoff Morphy, President and COO of Bitfarms, explained:

"Our strategy of using low-cost hydro power and highly efficient miners continues to deliver stable electricity rates and consistently low production costs. As such, we believe that Bitfarms is well positioned to benefit from any industry-related curtailment, idling or shutting down of miners that may occur as a result of high fossil-fuel energy source expense.

As previously discussed, Argentina's macroeconomic environment is causing delays in the importation of most goods which is adversely affecting our ability to bring in the additional miners we need to operate the first warehouse at its full capacity of 50 MW. These delays may impact the company's 5.0 exahash goal for year-end 2022."

BitNile Holdings, Inc. (NYSEAmerican:NILE) has published an unaudited update on Bitcoin production and miner installation. According to the press release, the company has increased its number of miners to 20,441 S19j Pro and XP Antminers, "which once installed and energized, will generate a combined processing power of approximately 2.21 exahashes per second," and during the month "received 92.2 Bitcoin as a result of its miners providing computing power to a mining pool operator." Milton "Todd" Ault, III, BitNile's Executive Chairman, said:

"The newest green XP miners installed in Michigan have allowed us to reach a new high of approximately 1.06 EH/s. The team is still working through the issues at the Wolf Hollow hosting facility in Texas, as well as developing new relationships to operate the remaining machines."

Sam Mowers, Investorideas

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