Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGM: BITF) (NasdaqCM: HIVE) (OTC: NTTCF)
Bitfarms, HIVE Blockchain, and NetCents Post Updates
Vancouver, Kelowna, Delta, BC - March 1, 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: Cryptocurrency Stocks in the News: (NasdaqGM: $BITF) (NasdaqCM: $HIVE) (OTC: $NTTCF)
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Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:HIVE) (OTC:NTTCF)
Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update for February 2023. Highlights for the month include the mining and selling of 387 BTC, an end-of-month hashrate of 4.7 EH/s, and an operating capacity of 188 MW. Geoff Morphy, the company's CEO, said:
"We are well-positioned for growth in 2023 following our 2022 infrastructure investments, our reduction in cash burn, and our significant deleveraging that began last June. In strengthening our balance sheet, we increased our financial flexibility to pursue strategic growth opportunities that we believe are emerging as a result of persistent and challenging industry dynamics. In addition, with $22.4 million in credits for the purchase of miners and 40 MW of built capacity at our Argentina farm, as soon as miners can be imported there, we will require minimal capital outlays to bring on substantial additional production."
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has posted its fiscal Q3 earnings webcast for the three and nine months ended December 31, 2022. Despite a 60 percent increase in mining difficulty, the company maintained a positive mining margin, grew its Bitcoin production year-over-year, and "saw rapid growth in its high-performance computing (HPC) business line." Specifically, HIVE reported a 13 percent YoY increase in Bitcoin mined, $3.6 million gross mining margin, and a 30 percent increase in Bitcoin holdings.
NetCents Technology, Inc. (OTC:NTTCF) has provided an update on its key performance indicators. Highlights include a more than a 500 percent increase in revenue in fiscal 2022 over fiscal 2020, from $271,492 CAD in 2020 (audited) to over $1.8 million in fiscal 2022 (unaudited). An excerpt from the press release reads:
The Company has firmly established its business presence in North America, Europe, and the Middle East, with a workforce within each region. The most recent with the successful expansion into the United Arab Emirates, which included PSP Licensing, Central Bank Approval, team development and successful merchant marketing. This new expansion process can now be replicated in new regions. While the teams continue to service their regions, the management team will now replicate the model by positioning resources for expansion into Eastern Europe and South America.
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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