Vancouver, Kelowna, Delta, BC – March 4, 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 787: Stocks discussed: (NasdaqCM: MARA) (NasdaqCM: RIOT) (TSXV: DMGI)
Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:RIOT) (TSXV:DMGI)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited bitcoin (BTC) production and miner installation updates for February 2022. Highlights include the production of 360.3 self-mined bitcoin during the month – up 729 percent from February 2021, and an increase in the company’s total bitcoin holdings to roughly 8,956 BTC ($386.8 million USD). Fred Thiel, Marathon’s CEO, commented:
“Our primary objectives for 2022 are to effectively deploy our miners, achieve our growth targets, and continue expanding our competitive moat, and we believe we are well positioned to achieve each of those goals. We look forward to supporting the adoption, security, and evolution of Bitcoin by growing our mining operations to 23.3 EH/s and achieving 100% carbon neutrality over the coming quarters.”
Riot Blockchain, Inc. (NasdaqCM:RIOT) has shared its production and operations update for February 2022. The company produced 436 BTC in the month – up 179 percent compared to February 2021, and as of February 28 is holding roughly 5,783 BTC. Riot also boasts a deployed fleet of about 38,310 miners, with a hash rate capacity of 3.9 exahash per second. Jason Les, the CEO of Riot Blockchain, said:
“Throughout the month of February Riot has continued to make progress on the first phase of its 200 MW immersion-cooled Bitcoin mining deployment, with over 10,000 S19j Pro Antminers now deployed in immersion-cooling tanks. We have begun the performance evaluation process, and will be monitoring our immersion performance data closely over the next 60 days. As our team continues to build out our immersion operation, we are evaluating and assessing future opportunities to further leverage our expertise in immersion-cooling development and deployment.”
DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced a select preliminary revenue guidance for its Q4, 2021, following the receipt of new crypto miners late in the quarter. The company’s CEO, Sheldon Bennett, explained:
“We are pleased with the change in our strategy, moving from a primarily hosting focused company to greater focus on self-crypto mining. Our first large shipment of new miners arrived late in Q4, and we were able to capture some new revenues from new equipment installed. Our team has made significant progress in both Core mining hashrate deployment as well as Core+ software platforms.”
Sam Mowers, Investorideas
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