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Crypto Corner Podcast 913: Stocks discussed: (NasdaqCM: BTBT) (NYSEAmerican: NILE) (TSXV: DMGI)

Bit Digital Starts ETH Staking Operations, BitNile Announces BitNile.com, and DMG Publishes Update

 

Vancouver, Kelowna, Delta, BC - December 27, 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/2022/122722-CryptoMarket.mp3

Crypto Corner Podcast 913: Stocks discussed: (NasdaqCM: BTBT) (NYSEAmerican: NILE) (TSXV: DMGI)

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Stocks discussed: (NasdaqCM:BTBT) (NYSEAmerican:NILE) (TSXV:DMGI)

Bit Digital, Inc. (NasdaqCM:BTBT) has started Ethereum (ETH) staking operations, intending to "delegate, or stake, its ETH holdings to an Ethereum validator node to help secure and strengthen the blockchain network." This is bolstered by the company's new partnership with Blockdaemon, described in the press release as "the leading institutional-grade blockchain infrastructure company for node management and staking." Bit Digital's CEO, Bryan Bullett, said:

"We are excited to expand from our core bitcoin [BTC] mining business into validating transactions on the Ethereum blockchain. This diversification into another blue-chip digital asset ecosystem carries the goal of creating a new, predictable, and recurring stream of digital rewards. To be clear, we will continue to invest in and opportunistically expand our mining operations. Together, we believe bitcoin mining and ETH staking are complementary business lines that will enhance our overall margin and return profiles. It's an exciting development for Bit Digital, and one that we ultimately believe will maximize value for all stakeholders."

BitNile Holdings, Inc. (NYSEAmerican:NILE) has announced plans to launch a next-generation marketplace, BitNile.com, which will "go live" March 1, 2023. According to the press release, the site is "being developed as the premiere destination for exclusive goods and VIP experiences that readily can accept Bitcoin." BitNile's Executive Chairman, Milton "Todd" Ault, III, said:

"This has been many years in the making and are proud of the progress that Douglas Gintz and his team have made and look forward to becoming the premiere destination for exclusive goods and VIP experiences. We look forward to our launch on March 1, 2023."

DMG Blockchain Solutions, Inc. (TSXV:DMGI) has published an update on its mining operations, indicating that it has received the majority of the equipment it has ordered from Bitmain: 785 PH/s of the S19j Pro model and 210 PH/s of S19 XP model enabling nearly 1 EH/s of mining capacity. The company also announced that it "made significant progress upgrading its Terra Pool software and expects to run its first Petra transactions through Terra Pool on the Bitcoin main-net early in 2023." DMG's CEO, Sheldon Bennett, said:

"With Petra and Walletscore deployed together, we remain optimistic that DMG can enable bitcoin transactions to happen in a carbon neutral manner ahead of likely tightened regulations in the wake of the FTX fallout."

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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