Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGM: BITF) (NasdaqGM: SDIG)
BTC Commentary from Lolli CEO Alex Adelman, and Q4 2022 Updates from Bitfarms and Stronghold Digital
Vancouver, Kelowna, Delta, BC - March 22, 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/2023/032223-CryptoMarket.mp3
Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGM: BITF) (NasdaqGM: SDIG)
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGM:BITF) (NasdaqGM:SDIG)
Alex Adelman, CEO & Co-founder of Bitcoin (BTC) rewards app Lolli, has provided the following commentary to Investorideas.com regarding Bitcoin's status as an alternative to traditional finance.
"Bitcoin is continuing to gain momentum amid the banking crisis, showing that investors are recognizing bitcoin as a secure store of value and a stable alternative to traditional finance.
The banking crisis has highlighted the fragility of centralized finance in contrast to bitcoin, which has done exactly what it was created to do for over a decade on a completely trustless, transparent basis. Bitcoin was created precisely for moments like this, when the traditional banking system fails, highlighting the need for an asset that is completely independent of centralized finance and banking.
The announcement of a $300 billion injection into the economy to save cash-strapped banks has also driven bitcoin's price up. The intervention, which is widely being called a bailout, highlights that the traditional banking system is showing cracks. Many investors are now acting with the belief that the Fed won't hike interest rates with banks under duress, driving increased market confidence which has historically fueled increased demand for bitcoin.
As the crisis continues to unfold, we will see a growing number of people reconsider their money and shift their capital to bitcoin as a superior, secure alternative to traditional finance."
For more on Lolli, visit their website at https://www.lolli.com/.
Bitfarms Ltd. (NasdaqGM:BITF) has posted its financial results for the fourth quarter and year ended December 31, 2022. Some highlights include the mining of 1,434 BTC in Q4 (5,167 BTC in 2022), a net loss of $17 million USD and a total revenue of $27 million for the quarter. The company's President and CEO, Geoff Morphy, commented:
"Our high operating efficiencies and low-cost power contracts yielded an average direct cost of production of $10,000 per BTC*** in 2022. Even during an especially challenging BTC pricing environment in Q4 2022, we continued to generate positive cash flow from operations and posted $1 million in Adjusted EBITDA as we maintained total cash cost of production per BTC less than the average price of BTC for the quarter."
Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has posted its Q4 2022 operations and financial update. Highlights include an estimated $23 million of revenue, and a net loss of $48 million. The quarter's revenue, according to the press release, "comprised an estimated $14 million from the sale of energy, an estimated $8 million from cryptocurrency mining, and an estimated $1 million from capacity sales during the quarter."
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.
About Investorideas.com - Big Investing Ideas
We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders. Investor Idea's original branded content includes the Crypto Corner Podcast, Play by Play Sports Podcast, Cannabis News and Stocks on the Move Podcast, Cleantech and Climate Change Podcast, Exploring Mining Podcast, Betting on Gaming Stocks Podcast and the AI Eye Podcast. We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.
The Investorideas.com podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts and most audio platforms available.
Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: APCX is a paid featured fintech stock More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Disclosure: podcast sponsor AppTech Payments Corp. (NasdaqCM:APCX) is a paid featured Fintech company on Investorideas.com.
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
800-665-0411
Donate to support great investing content available to everyone