Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 785: #Stocks discussed: (Nasdaq: $MARA) (Nasdaq: $HUT) (Nasdaq: $EGLX) (NYSE: $BKKT)

Wednesday, March 02, 2022

#CryptoCorner #Podcast 785: #Stocks discussed: (Nasdaq: $MARA) (Nasdaq: $HUT) (Nasdaq: $EGLX) (NYSE: $BKKT)

#CryptoCorner #Podcast 785: #Stocks discussed: (Nasdaq: $MARA) (Nasdaq: $HUT) (Nasdaq: $EGLX) (NYSE: $BKKT)

Marathon Reported 2021 Financial Results, Hut 8 Partners with Enthusiast Gaming Holdings, and Bakkt Publishes Study on Women & Crypto

Vancouver, Kelowna, Delta, BC March 2, 2022 - 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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https://www.investorideas.com/Audio/Podcasts/2022/030222-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/03021MARA-HUT-EGLX-BKKT.asp

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Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:HUT) (NasdaqGS:EGLX) (NYSE:BKKT)

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has reported its financial results for the fourth quarter and fiscal year ended December 31, 2021. Highlights include a Q4 revenue of $60.3 million – up 2,180 percent year-over-year, and a fiscal year revenue of $150.5 million – up 3,353 percent year-over-year. Looking forward, the company’s Chairman and CEO Fred Thiel said:

“Our primary objectives for 2022 are to effectively deploy our miners, achieve our growth targets, and continue expanding our competitive moat. Deploying at scale behind the meter involves breaking some new ground, and now that we have overcome some of those initial hurdles, we expect deployments to accelerate this quarter and throughout the rest of the year. We believe Marathon remains well positioned to generate approximately 23.3 Eh/s and for our mining operations to be 100% carbon neutral by early 2023. We look forward to another strong year for Marathon as we continue our mission of supporting the adoption, security, and evolution of Bitcoin by building one of the largest, most agile, and most sustainably operated Bitcoin mining operations in the world.”

Hut 8 Mining Corp. (NasdaqGS:HUT) has announced a multi-year partnership with Enthusiast Gaming Holdings Inc. (NasdaqGS:EGLX). According to the press release, this collaboration will take the form of “new experiences and content within mobile and blockchain gaming, Web 3.0, NFTs, and cryptocurrency.” Jaime Leverton, CEO of Hut 8, commented:

"As a digital currency miner with data centre infrastructure, we're ideally positioned to join forces with one of North America's largest and fastest growing gaming entertainment companies and generate the unique benefits of this strategic partnership. We're excited to host Enthusiast Gaming in our data centres and collaborate on new experiences and content that will connect us to their audience of 300 million Gen Z and Millennial viewers, the majority of whom are crypto-savvy."

Bakkt Holdings, Inc. (NYSE:BKKT) has released a study on "Women & Crypto,” looking at awareness and attitudes toward cryptocurrency among women. One of the study’s interesting findings is that while men represented the majority of early adopters in crypto, women are now outpacing men as first-time purchasers with 38 percent of women having made their first crypto purchase in the past 6 months compared to 30 percent of men. Nancy Gordon, Chief Product Officer Loyalty and Rewards at Bakkt, said:

"Despite recent crypto volatility, there’s continued momentum for women’s crypto adoption and it’s reassuring to see that the barriers to entry can be overcome through education. We saw strong appeal for new pathways for acquiring crypto with gifting, redeeming loyalty points for crypto, and earning crypto through loyalty programs surpassing traditional methods and giving way to opportunities for inclusivity and accessibility regardless of gender or income level."

Sam Mowers, Investorideas

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