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Crypto Corner Podcast 912: Stocks discussed: (NasdaqCM: HIVE) (NasdaqCM: CLSK) (CSE: BIGG)

HIVE Posts Corporate Update, CleanSpark Announces Three-Fold Increase in BTC Mining Hashrate in One Year, and Netcoins Launches in US

 

Vancouver, Kelowna, Delta, BC - December 22, 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/2022/122222-CryptoMarket.mp3

Crypto Corner Podcast 912: Stocks discussed: (NasdaqCM: HIVE) (NasdaqCM: CLSK) (CSE: BIGG)

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqCM:CLSK) (CSE:BIGG)

HIVE Blockchain Technologies Inc. (NasdaqCM:HIVE) has announced a corporate update for 2022. This included strategic acquisition such as: the purchase of 1,540 S19j Pro miners, at an average hashrate of 104 TH/s, which are expected to produce over 159 PH/s, and the purchase of 100 S19j Pro miners, at an average hashrate of 98 TH/s, which are expected to produce over 9 PH/s. According to the press release, these acquisitions, along with the company's existing fleet are "expected to increase HIVE's overall global Bitcoin [BTC] production capacity by approximately 20%, within the same operating footprint of electrical infrastructure. In effect, this upgrade is expected to therefore reduce the average breakeven production price by approximately 20%."

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that its Bitcoin mining hashrate has reached 6 EH/s, a three-fold increase in just one year. The company, according to the press release, "owns and operates four bitcoin mining campuses in the state of Georgia, operating a fleet of approximately 62,000 bitcoin mining machines." CleanSpark's CEO, Zach Bradford, said:

"As we said on our earnings call last week, we expected to hit 6 EH/s before year's end and today we are pleased to announce that we have. This achievement is in part due to some of the machines that we were hosting for Mawson being moved out earlier than anticipated. Of course, that only tells a portion of the story. The real achievement here is the tremendous work being done by our operational teams who continue to rack machines even in Georgia's currently frigid temperatures."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), has launched its service in the United States effective immediately, initially available in California, Michigan, Pennsylvania, Virginia and Missouri. Fraser Matthews, the President of Netcoins, said:

"Netcoins is dedicated to bringing its safe, secure and transparent brand of crypto trading to the USA. We re-built our entire platform from the ground up to ensure that Americans are getting an incredible user experience alongside a great product. We partnered with Jumio, Sardine, Plaid, QLUE and Modern Treasury to power our platform and take our technology stack to the next level. Netcoins is available on Mobile (iOS and Android), offering 35 coins for trading. Netcoins will launch in more states, while adding new coins and Staking services slated to go live during 1H 2023."

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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