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Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: RIOT) (NasdaqCM: HIVE) (NasdaqGM: SDIG) (NasdaqGM: CAN)

Riot Platforms and HIVE Blockchain Post April Results, and Stronghold Digital Enters Hosting Agreement with Cantaloupe Digital

 

Vancouver, Kelowna, Delta, BC - May 4, 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).

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/050423-CryptoMarket.mp3

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: RIOT) (NasdaqCM: HIVE) (NasdaqGM: SDIG) (NasdaqGM: CAN)

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Stocks discussed: (NasdaqCM:RIOT) (NasdaqCM:HIVE) (NasdaqGM:SDIG) (NasdaqGM:CAN)

Riot Platforms, Inc. (NasdaqCM:RIOT) has reported its unaudited production and operations updates for April 2023. Highlights include the production of 639 Bitcoin (BTC) - up 26 percent over the April 2022 figure of 508 BTC, the holding of about 7,112 BTC as of April 30, 2023, and a deployed fleet of 94,176 miners, with a hash rate capacity of 10.5 exahash per second. Jason Les, the company's CEO, said:

"...as we near completion of the long-term expansion project at our Rockdale Facility, our teams have been focused on operational enhancements to increase efficiency, including improving cooling in Buildings D and E through the installation of waterwalls. We also continue to work on repairs to our damaged immersion building, Building G, which remains on track to come back online in the second half of 2023.

Our Rockdale Facility is a best-in-class Bitcoin mining facility and the expertise of our teams there is also being carried over into the development of our new Corsicana Facility, which upon completion will continue our track record of building and operating premiere large-scale Bitcoin mining facilities."

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has shared the production figures from its global Bitcoin operations for the month of April 2023. Highlights include the production of 273 BTC in the month, a HODL balance of approximately 2,284, and an average hashrate of 3.38 Exahash per second. Aydin Kilic, the company's President & CEO, explained:

"We are continuing to optimize our ASIC operations, by managing the efficiency of our machines to operate for best profit on a $/MWHR basis, this may involve down-clocking the firmware for some miners in our fleet to obtain a better J/TH efficiency figure, and thus a better $/MWHR profit figure. We strive to optimize for profitable mining, where the analytics of the HIVE technical team provide a competitive edge in our approach to digital asset mining."

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has entered into a new two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of Canaan, Inc. (NasdaqGM:CAN). This will see Stronghold operate 2,000 A1346 (110 TH/s per miner) and 2,000 A1246 (90 TH/s per miner) Bitcoin miners supplied by Canaan with a total hash rate capacity of 400 PH/s. Stronghold will receive 50 percent of the Bitcoin mined by the Canaan Miners and receive payments from Canaan equal to 55 percent of the net cost of power.

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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