Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 803: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $DMGI.V) (NasdaqCM: $DGHI)

Monday, March 28, 2022

#CryptoCorner #Podcast 803: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $DMGI.V) (NasdaqCM: $DGHI)

#CryptoCorner #Podcast 803: #Stocks discussed: (NasdaqGM: $BITF) (TSXV: $DMGI.V) (NasdaqCM: $DGHI)

Bitfarms, DMG Blockchain Solutions, and Digihost Technologies Share Financial Results

Vancouver, Kelowna, Delta, BC March 28, 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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Stocks discussed: (NasdaqGM:BITF) (TSXV:DMGI) (NasdaqCM:DGHI)

Bitfarms Ltd. (NasdaqGM:BITF) has reported its financial results for the quarter ended December 31, 2021. Highlights include the mining of 1,045 Bitcoin (BTC) for the quarter, 3,453 BTC for the year, and quarterly revenues of $60 million USD. Regarding plans for expansion in 2022, the company's President and COO Geoff Morphy said:

“As we develop our farms, we assess the cost effectiveness of our expansion on an ongoing basis. In Argentina, we are reviewing the short-term and long-term impact of higher global energy prices witnessed since the start of 2022 and our ability to utilize up to 210 megawatts (MW) of infrastructure capacity in 2022 at previously anticipated rates. Opportunities are being assessed continually in all of our current geographic regions to implement cost effective growth in light of market conditions.”

DMG Blockchain Solutions Inc. (TSXV:DMGI) has shared its Q1 2022 filings for the quarter ended December 31, 2021. Highlights include revenues of $14.2 million – an increase of 639 percent from the year prior, 432 BTC held as of December 31, 2021, and $119 million in total assets as of December 31, 2021. The company’s CEO, Sheldon Bennett, said:

“A tremendous amount of work has gone in by the entire team to reach these results. For the first time the Company is posting strong financial gains and we believe this will continue through many more quarters due to our large investment in new mining equipment. The whole team is focused on operational excellence for this new fleet of servers as well as working hard to launch several new software solutions throughout the year.”

Digihost Technology Inc. (NasdaqCM:DGHI) has announced its audited financial results for the year ended December 31, 2021, as well as an operations update. Highlights include fiscal year revenues of $24.95 million – up 602 percent over the year prior, and total assets of $80.03 million – up 384 percent from December 31, 2020. Michel Amar, the Chairman and CEO of Digihost, said:

“The record-breaking results achieved by our team clearly illustrate the growth trajectory of Digihost as measured by the significant improvement in 2021 operating performance relative to 2020. Digihost’s management team executed on the Board’s strategic growth plan through the acquisition of new high performance BTC miners, entering into strategic partnerships and securing access to clean and renewable sources of power consistent with Digihost’s stated objective of fostering environmentally and socially responsible growth. I am happy to report that the momentum generated in 2021 has continued into 2022 as we work towards meeting our goal of being a leading blockchain technology company.”

Sam Mowers, Investorideas

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