Vancouver, Kelowna, Delta, BC – February 3, 2022 (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.
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Crypto Corner Podcast 767: Stocks discussed: (TSX: GLXY) (NasdaqGS: HUT) (NasdaqCM: CLSK) (CSE: HODL)
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Stocks discussed: (TSX:GLXY) (NasdaqGS:HUT) (NasdaqCM:CLSK) (CSE:HODL)
Galaxy Digital Holdings Ltd. (TSX:GLXY) has announced the launch of its Sustainability Program and Strategy, emphasizing the company’s “commitment to responsible environmental practices, a robust corporate governance strategy and an equitable, inclusive environment for employees.” Galaxy Digital’s Founder and CEO, Mike Novogratz, explained:
“We strive to drive systems change through technology, and as we continue to scale our business globally, we are committed to operating firmwide consistently with environmental, social, and governance (“ESG”) best practices. To this end, we are pleased to announce Galaxy Digital’s Sustainability Program. We look forward to sharing our first sustainability report in the second half of 2022 and will keep stakeholders updated throughout our program evolution.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has provided an update, including production results for the month of January 2022. Highlights include the mining of 308 Bitcoin (BTC) – all of which was deposited into custody, and a total Bitcoin balance held in reserve of 5,826 as of January 31, 2022. The company also installed 6,317 MicroBT M30S and M31S+ miners during the month. Jason Zaluski, Head of Technology for Hut 8, commented:
“Our team is working hard deploying additional miners between our two Alberta-based sites, increasing overall efficiency and hashrate using existing capacity. Our goal is to always utilize the most efficient miners we have, and we have been receiving and fully deploying our MicroBT units as they arrive, which speaks to the commitment and capability of our team on the ground, here in Alberta.”
CleanSpark, Inc. (NasdaqCM:CLSK) has released its unaudited bitcoin production and operations update for the calendar year-to-date ending January 31, 2022. The company produced 305 bitcoins during January with a currently deployed fleet of approximately 20,500 latest-generation bitcoin miners with a total hashrate of 2.1 EH/s. CleanSpark also fully funded its growth and operations through the sale of 467 bitcoins in January “at an average of approximately $41,000 per BTC.”
Cypherpunk Holdings Inc. (CSE:HODL) has completed a strategic equity investment in Greatest of all Time (GOAT.IO), a company that “is building platforms to empower the decentralised metaverse economy.” Cypherpunk’s President and CEO, Jeff Gao, said:
“GOAT’s ability to recruit and retain top players via its play-to-earn (P2E) crypto gaming platform speaks volumes about its focus on players, on GameFi analytics and on the process of empowering one to become the greatest they can be.”
Sam Mowers, Investorideas
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