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Crypto Corner Podcast 916: Stocks discussed: (NasdaqCM: RIOT) (NasdaqCM: MARA) (NasdaqGS: HUT)

Riot Platforms, Marathon Digital Holdings, and Hut 8 Post Production and Operations Updates for December

 

Vancouver, Kelowna, Delta, BC - January 6, 2023 (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/2023/010623-CryptoMarket.mp3

Crypto Corner Podcast 916: Stocks discussed: (NasdaqCM: RIOT) (NasdaqCM: MARA) (NasdaqGS: HUT)

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Stocks discussed: (NasdaqCM:RIOT) (NasdaqCM:MARA) (NasdaqGS:HUT)

Riot Platforms, Inc. (NasdaqCM:RIOT) has reported its unaudited Bitcoin (BTC) production and operations updates for December 2022. Highlights include the production of 659 BTC - up 55 percent from the 425 BTC produced in December 2021, the sale of 600 BTC - resulting in net proceeds of approximately $10.2 million, and a deployed fleet of 88,556 miners with a hash rate capacity of 9.7 exahash per second (EH/s), as of December 31, 2022. Jason Les, CEO of Riot, said:

"Riot achieved a number of key milestones during the month of December. We successfully deployed an additional 16,128 S19-series miners, bringing our hash rate capacity to a new all-time high of 9.7 EH/s. Additionally and as previously indicated in our last monthly production update, we transitioned to a new mining pool in early December."

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited Bitcoin production and miner installation updates for December 2022. The company produced 475 BTC in the month (1,562 BTC in Q4), and boasts total holdings of 12,232 BTC as of December 31, 2022. Fred Thiel, Marathon's Chairman and CEO, said:

"In 2022, we made significant progress in increasing our hash rate while also transitioning to more sustainable power sources. Despite challenges earlier in the year, we doubled our hash rate to 7.0 exahashes per second year-over-year, with a majority of it now located at the King Mountain wind farm in West Texas. We finished the year with one of our most productive quarters to date, producing 1,562 bitcoin in the fourth quarter.

Hut 8 Mining Corp. (NasdaqGS:HUT) has also announced its Bitcoin production and operations update for December 2022. Highlights include the mining of 161 BTC in the month, and 3,568 for the whole year - all of which was added to the company's balance sheet, increasing reserves by 65 percent in 2022 to 9,086 BTC. The company's CEO, Jaime Leverton, said:

"I am proud of the team's collective and continued grit and perseverance through headwinds that built up in late Q4 2022. In spite of challenging market forces, we continued growing the largest unencumbered, self-mined Bitcoin stack of any publicly traded company, welcomed our new CFO Shenif Visram, and our balance sheet first approach has us well positioned in 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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