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Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: CLSK) (NasdaqCM: MIGI) (TSX: WNDR)

CleanSpark Hits All-Time High Hashrate, Mawson Invites Indications of Interest for BTC Hosting, and WonderFi Announces Coinberry Client Account Acquisition


Vancouver, Kelowna, Delta, BC - July 25, 2023 ( Newswire), 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.

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Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: CLSK) (NasdaqCM: MIGI) (TSX: WNDR)


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Stocks discussed: (NasdaqCM:CLSK) (NasdaqCM:MIGI) (TSX:WNDR)

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that it has reached an all-time hashrate high of 8.5 exahash per second (EH/s) as its Washington and Dalton, Georgia, campuses continue to come fully online. Zach Bradford, the company's CEO, explained:

"We have nearly tripled our hashrate in just a year. Last year at this time our operational hashrate was 2.9 EH/s and today it comes in at over 8.5 EH/s. Our owned-and-operated approach to mining has been essential to making this growth possible. What's more, as we've grown our hashrate we've also made meaningful improvements to our efficiency, which means we are capable of mining more bitcoin with less energy. As of today, our current fleetwide efficiency sits at 29.2 J/TH."

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced that it is "inviting outside parties to provide Indications of Interest (IOI) for its hosting and digital infrastructure services, including Bitcoin (BTC) miner hosting, High Performance Computing (HPC) co-location, "and other potential partnerships utilizing its digital infrastructure and hosting locations." Rahul Mewawalla, CEO and President of Mawson, explained:

"Given recent developments in Bitcoin mining and HPC co-location driven by the upcoming halving for bitcoin and the growing applications for AI and other HPC related hosting capabilities, there is growing demand for reliable, scalable, and well operated hosting and co-location sites such as those run by Mawson. We are therefore looking forward to running a streamlined process in the open market to engage with potential hosting customers to deliver mutual benefits for our hosting customers and our hosting business, as well as deliver the best value to our stakeholders."

WonderFi Technologies Inc. (TSX:WNDR) recently announced that Bitbuy Technologies Inc., its subsidiary, has received a non-objection letter from the Ontario Securities Commission to purchase all of the client accounts of Coinberry Limited. According to the press release, this move constitutes part of WonderFi's plan "to streamline operations and enhance the trading experience for its users following the initial acquisition of Coinberry." WonderFi President and CEO Dean Skurka said:

"We are excited to migrate Coinberry's users to the Bitbuy platform. This consolidation will allow us to offer an enhanced trading experience to a larger user base. We are confident that the integration will bring additional value to our customers."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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