Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 845: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $DGHI) (TSXV: $CBIT.V)

Wednesday, June 01, 2022

#CryptoCorner #Podcast 845: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $DGHI) (TSXV: $CBIT.V)

#CryptoCorner #Podcast 845: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqCM: $DGHI) (TSXV: $CBIT.V)

Bitfarms, Digihost, and Cathedra Post May Updates

Vancouver, Kelowna, Delta, BC June 1, 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) (NasdaqCM:DGHI) (TSXV:CBIT)

Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update for May 2022. Highlights include the mining of 431 new BTC, 3.4 EH/s online, and 6,075 BTC in custody as of May 31, 2022. Emiliano Grodzki, the company’s CEO, said:

“During May, daily average production increased to 13.9 bitcoin/day, up 3% from 13.5 BTC/day in April. We completed the build out of the Leger facility with 7,400 miners generating approximately 740 PH/s. Leger is now our single largest site with a production level nearly equivalent to Bitfarms entire hashrate at the end of Q2, 2020.

The second phase of construction at The Bunker is continuing and is expected to increase the site’s capacity to 30 MW when completed. With miner deliveries on schedule, we expect to have another solid month of growth as we build out our operational hashrate to our next goal of 4 exahash per second (EH/s) by the end of Q2.”

Digihost Technology Inc. (NasdaqCM:DGHI) has shared an operations update, and its unaudited BTC production results for the month ended May 31, 2022. Highlights include the mining of 70.47 BTC for total holdings of 637.66 BTC by the month’s end, and total Ethereum (ETH) holdings of 1,000.89 ETH by the month’s end.

Cathedra Bitcoin Inc. (TSXV:CBIT) has posted an update on its Bitcoin mining operations. According to the press release, the company recently installed 323 machines from its first order of Bitmain Antminer S19J Pros at its Washington site. A further 195 S19J Pros were also sent to the company’s New Hampshire manufacturing facility, “where they are being used to test the first of the Company’s completed Rovers—mobile, modular data centers designed and manufactured in-house.” Drew Armstrong, Cathedra’s President and COO, said:

"We are tremendously excited about the potential of our Rovers. By electing to host these S19J Pros at third-party data centers, we are able to take a responsible, incremental approach to scaling that will allow us to master our manufacturing and field operations rather than rushing into deployments."

Sam Mowers, Investorideas

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