Vancouver, Kelowna, Delta, BC – March 16, 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 795: Stocks discussed: (NasdaqCM: BTBT) (NEO: WNDR) (OTC: EPAZ)
Stocks discussed: (NasdaqCM:BTBT) (NEO:WNDR) (OTC:EPAZ)
Bit Digital, Inc. (NasdaqCM:BTBT) has shared its unaudited bitcoin (BTC) production and mining operations update for the fourth quarter ended December 31, 2021. Highlights include the earning of 240.57 bitcoins during the quarter, becoming a member of the Bitcoin Mining Council, and the purchase of 731 Ethereum (ETH) miners on the spot market. The company’s management provided the following commentary in the press release:
“Having completed the migration of our entire fleet to North America as of November 17, 2021, Bit Digital and our hosting partners remain focused on redeploying miners at our U.S. facilities. We initially experienced some delays, including due to supply chain limitations for electrical infrastructure equipment, inspections and approvals. Since quarter-end, however, we have seen material progress, and as of today have 39.2% of our fleet operating in North America. We would like to thank our team and our partners for their continued dedication towards full redeployment of our miner fleet, which we currently target for the second half of 2022.”
WonderFi Technologies Inc. (NEO:WNDR) has received the final regulatory approval from the Ontario Securities Commission to close its acquisition of First Ledger Corp., parent company of Bitbuy. Ben Samaroo, CEO of WonderFi, explained:
“We are very pleased to be part of the conversation with Canadian regulators regarding DeFi and software applications like WonderFi. A major distinction between the WonderFi App and many other crypto trading platforms is that users retain sole custody and control of their assets – one of the key value propositions for DeFi.”
Dean Skurka, President of Bitbuy, commented:
“With the acquisition now scheduled to close imminently, the 125-person combined teams across both companies will now formally be able to engage in value creation, extracting synergies and openly working together to enhance the experience of our loyal users.”
Epazz, Inc. (OTC:EPAZ) has announced that its CryObo Project in UAE would be using solar power technology to convert sunlight into Bitcoin. Specifically, according to the press release, the company is “creating a cooling technology to control the underground servers’ temperature,” and “will use Solar Power for sustainable Bitcoin mining and NFT tokens for real estate tokenization.” Epazz is currently still in the process of registration with the UAE for cryptocurrency operations.
Sam Mowers, Investorideas
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