Crypto Corner Podcast 927: Stocks in the News : (NasdaqGS: HUT) (NasdaqCM: CLSK) (NasdaqCM: MIGI)
Hut 8 Publishes January Production and Operations Results, CleanSpark Reports Quarterly Financial Results, and Mawson Breaks Ground on New Mining Site
Vancouver, Kelowna, Delta, BC - February 13, 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/
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Crypto Corner Podcast 927: Stocks in the News: (NasdaqGS: HUT) (NasdaqCM: CLSK) (NasdaqCM: MIGI)
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Stocks discussed: (NasdaqGS:HUT) (NasdaqCM:CLSK) (NasdaqCM:MIGI)
Hut 8 Mining Corp. (NasdaqGS:HUT) has published its production and operations results for January 2023. Highlights include the mining of 188 Bitcoin (BTC) - making for a total reserve balance of 9,274 BTC as of January 31, as well as the announcement of a merger of equals with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). Jaime Leverton, the company's CEO, said:
"We have been intentional and strategic in pursuing our HODL strategy: by building a large, unencumbered stack, we have afforded ourselves the optionality to strategically use a portion of it to cover operating expenses rather than having to seek other financing options with less attractive terms. I am confident that selling production while we focus on closing the merger with USBTC is the right approach, as we expect to create a strong self-mining, hosting, managed infrastructure operations, and HPC organization in the long term."
CleanSpark, Inc. (NasdaqCM:CLSK) has reported its financial results for the three months ended December 31, 2022. Highlights include revenues of $27.8 million - a decrease of $9.3 million from the same period a year prior, and total current assets of $21.2 million. The company's CEO, Zach Bradford, explained:
"We have reliably grown, quarter over quarter, as we execute an operational strategy that we believe makes us one of the fastest growing, most reliable, and most efficient publicly traded bitcoin miners in North America. While we faced headwinds due to depressed bitcoin prices during most of our fiscal first quarter, we persisted and grew. Our average hashrate rapidly increased, outpacing global hashrate, and we mined the most bitcoin ever in a single quarter."
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced the breaking of ground on its latest Bitcoin Mining operation in Sharon, PA. According to the press release, "the site's first 6 Modular Data Centers, capable of holding and operating up to 3,528 ASIC miners and handling approximately 12MW have been installed." Liam Wilson, the company's COO, said:
"We are delighted to have broken ground on our Sharon, PA facility - and to have taken delivery of the first 6 Modular Data Centers destined for Sharon, capable of delivering 12MW of power to our miners / holding about 12 MW worth of miners. This step forward is further proof of Mawson's push to deploy infrastructure and energize through 2023, and to achieve our previously stated targets. We look forward to continuing to communicate operational updates throughout 2023."
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
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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