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Crypto Corner Podcast 906: Stocks discussed: (NasdaqCM: RIOT) (NasdaqGS: HUT) (TSXV: DMGI)

Riot Blockchain, Hut 8 Mining, and DMG Blockchain Solutions Post Updates for November

 

Vancouver, Kelowna, Delta, BC - December 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.

Today's podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

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/2022/120522-CryptoMarket.mp3

Crypto Corner Podcast 906: Stocks discussed: (NasdaqCM: RIOT) (NasdaqGS: HUT) (TSXV: DMGI)

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Stocks discussed: (NasdaqCM:RIOT) (NasdaqGS:HUT) (TSXV:DMGI)

Riot Blockchain, Inc. (NasdaqCM:RIOT) has posted its unaudited production and operations updates for November 2022. Monthly highlights include the production of 521 Bitcoin (BTC), the holding of about 6,897 BTC, the selling of 450 BTC - which generated proceeds of roughly $8.1 million, and the deployment of a fleet of 72,428 miners, boasting a hash rate capacity of 7.7 exahash per second (EH/s), as of November 30. Jason Les, CEO of Riot, said:

Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly Bitcoin production figure to date. Despite this new level of production, expected production was approximately 660 Bitcoin given our operating hash rate over the month, assuming normalized performance of the mining pool we participate in. Variance in a mining pool can impact results and while this variance should balance out over time, can be volatile in the short term. This variance led to lower Bitcoin production than expected in the month of November, relative to our hash rate."

Hut 8 Mining Corp. (NasdaqGS:HUT) has shared its production and operations results for November. Highlights include the production of 238 BTC (average of 7.9/day), total BTC balance of 8,925 as of November 30, and the installation of 2,000 new MicroBT Whatsminer 30S++/+ units at the company's mining facility in Medicine Hat, Alberta, Canada. Hut 8's CEO, Jaime Leverton, said:

"Installing 2,000 new miners in Medicine Hat has increased efficiencies and enhanced our hashrate capacity. At the same time, thanks to our balance-sheet first approach, we are able to continue to HODL everything we mine, growing what continues to be the largest self-mined unencumbered Bitcoin stack of any publicly traded company."

DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced its preliminary mining results for November 2022. According to the press release, the company mined 88 BTC with 0.83 EH/s realized hashrate, leaving it with a balance of 389 BTC. DMG "expects to grow its hashrate to 1 EH/s by the end of this calendar year or early 2023; this is subject to the receipt, installation and operation of the additional miners."

Sam Mowers, Investorideas

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

Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today's commerce experiences. For more information, visit apptechcorp.com.

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