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Crypto Corner Podcast 907: Stocks discussed: (Nasdaq: $BTBT) (NYSEAmerican: $NILE) (Nasdaq: $ZEST) (CSE: $DIGI.CN)

Bit Digital Shares Q3 Results, BitNile Enters Hosting Agreement with Agora Digital, and DigiMax Changing Name to Spetz

 

Vancouver, Kelowna, Delta, BC - December 8, 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/2022/120822-CryptoMarket.mp3

Crypto Corner Podcast 907: Stocks discussed: (Nasdaq: $BTBT) (NYSEAmerican: $NILE) (Nasdaq: $ZEST) (CSE: $DIGI.CN)

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Stocks discussed: (NasdaqCM:BTBT) (NYSEAmerican:NILE) (NasdaqCM:ZEST) (CSE:DIGI)

Bit Digital, Inc. (NasdaqCM:BTBT) has announced its unaudited financial results for the third quarter ended September 30, 2022. Highlights include Bitcoin (BTC) mining revenue of $9.1 million, the earning of 429.1 Bitcoins, and an active hash rate of its mining fleet at approximately 1.35 EH/s as of the end of the quarter. Management commentary from the press release reads:

"The industry is currently negotiating significant macro headwinds as the price of bitcoin and other digital assets have come under pressure, helping to precipitate a series of negative events across the ecosystem. We are well positioned against this backdrop with a pristine balance sheet, no debt obligations, no capex or miner purchase obligations, and a healthy liquidity position."

BitNile, Inc. (BNI), a wholly owned subsidiary of BitNile Holdings, Inc. (NYSEAmerican:NILE), has entered into a hosting agreement securing up to 78 megawatts (MW) of power with Agora Digital Holdings Inc., the latter itself a majority-owned subsidiary of Ecoark Holdings Inc. (NasdaqCM:ZEST). According to the press release, this hosting agreement "is intended to maintain BNI's plan to promptly install and operate the Bitcoin miners delivered by Bitmain Technologies Limited," and "enable it to initially power approximately 3,750 S19j Pro miners in the first quarter of 2023." Milton "Todd" Ault, III, BitNile's Executive Chairman, said:

"We are excited about the new hosting relationship with Agora Digital. We believe this arrangement will lower our operational production cost, while increasing our total enterprise mining output."

Digimax Global Inc. (CSE:DIGI) has filed articles of amendment to change its name from "DigiMax Global Inc." to "Spetz Inc," and its common shares will subsequently begin trading on the Canadian Securities Exchange (CSE) under the new ticker symbol "SPTZ" on December 9, 2022. The company's CEO, Yossi Nevo, explained:

"The change in name to "Spetz Inc." reflects the Company's shift in focus from cryptocurrency-related activities towards the growth and development of Spetz, its proprietary, award-winning, mobile app. In light of the growth in popularity of the Spetz app worldwide, and the recent launch of the Spetz app in the USA, we have decided to have our corporate branding reflect our core product, being the Spetz application."

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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