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Crypto Corner Podcast 908: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: ARBK) (TSX: WNDR)

HIVE and Argo Post November Updates, and Bitbuy Announces Launch of Bitbuy Trust Centre

 

Vancouver, Kelowna, Delta, BC - December 12, 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/2022/121222-CryptoMarket.mp3

Crypto Corner Podcast 908: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: ARBK) (TSX: WNDR)

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqGS:ARBK) (TSX:WNDR)

HIVE Blockchain Technologies, Inc. (NasdaqCM:HIVE) has announced its production results for the month of November. Highlights include the production of 264 Bitcoin (BTC) from its ASIC and GPU mining operations, an average monthly hashrate of 2.51 Exahash, and the purchase of 2,130 new Bitmain S19j Pro Antminers which are expected to arrive in December 2022 or early January 2023. The company's CFO, Darcy Daubaras, said:

"In November, we continued to face several external macro forces which increased market turbulence due to the contagion concerns caused by the FTX implosion, rising interest rates and pronouncements by various governments on energy concerns. In response, we took a conservative strategy with our balance sheet and strengthened our liquidity position by selling some Bitcoin. We do not control these volatile external risks, but we can control how we adapt. We also began improving the efficiency of our mining fleet with new and more energy efficient equipment purchases which will provide more room for profitability, countering the effects of rising energy costs, rising global bitcoin mining difficulty since September and Bitcoin prices that have remained low."

Argo Blockchain (NasdaqGS:ARBK) has published its November operational update. The company mined 198 Bitcoin or Bitcoin Equivalents in the month - down from 204 mined in October, which the company attributes "to an increase in the Bitcoin network difficulty in November." Argo's mining revenue for the month totalled $3.46 million USD, down from $4 million in October, and the company reports a total hashrate capacity of 2.5 EH/s.

Bitbuy Technologies Inc., a subsidiary of WonderFi Technologies Inc. (TSX:WNDR), has announced the launch of the Bitbuy Trust Centre, described in the press release as "Canada's first comprehensive dashboard designed to build Trust through Transparency." WonderFi's President and Interim CEO, Dean Skurka, said:

"As Canada's first registered crypto-trading marketplace, Bitbuy has always been at the forefront when it comes to transparency and trust. Recent events on unregistered crypto exchanges have emphasized the need to provide transparency and security which is why we launched the Bitbuy Trust Centre - the first comprehensive dashboard of its kind on any Canadian crypto-trading platform."

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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