#CryptoCorner #Podcast 868: #Stocks discussed: (NYSE: $CMG) (NasdaqGS: $CORZ) (NasdaqCM: $MIGI)
Chipotle Enters Colocation Agreement, and Mawson Shares June BTC Production Giving Away $200K in Crypto Through “Buy the Dip” Game, Core Scientific
Vancouver, Kelowna, Delta, BC July 26, 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: (NYSE:CMG) (NasdaqGS:CORZ) (NasdaqCM:MIGI)
Popular restaurant chain Chipotle (NYSE:CMG) is launching a new interactive game called "Buy The Dip" in which it will give away over $200,000 in free cryptocurrencies. The game will be open from 10am PT today to 6pm PT each day through Sunday, July 31, or National Avocado Day. The company accepts digital currency – including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) – nationwide through a partnership with digital payments firm Flexa. The gam is accessible through the website www.chipotlebuythedip.xyz. Chris Brandt, Chipotle’s Chief Marketing Officer, said:
"We want to build the next generation of Chipotle fandom by connecting with the Web3 community. We're excited to bring positivity to the crypto conversation by empowering fans to 'Buy The Dip.'"
Core Scientific, Inc. (NasdaqGS:CORZ) has entered into a colocation agreement to increase its hosting business by 75MW. This, according to the press release, “will generate approximately $50 million in annual revenue when the ASIC servers are fully deployed.” This means that the company “expects to be operating approximately 325,000 ASIC servers (combined self-mining and colocation) in its data centers before year end.” Core Scientific’s CEO, Mike Levitt, said:
"This new agreement demonstrates continued customer confidence in Core Scientific’s ability to deliver best-in-class blockchain data center solutions. We remain focused on executing our 2022 plans to expand our capacity, support the Bitcoin Network’s continued growth and create value for all our stakeholders, despite current market challenges. We look forward to providing further details about our progress on August 11th, 2022 during our second quarter earnings conference call."
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced its unaudited Bitcoin production and operational update for the month of June 2022. Highlights include the production of 127 Bitcoin – up 140 percent over June 2021, and an average hash rate of about 1.0 Exahash – up 260 percent over June 2021. The company’s CEO and Founder, James Manning, said:
The month of June was characterized by continued deployment of our hosting co-location business, establishment of energy demand response programs and additional deployments of our Bitcoin Self-Mining business. Markets have remained volatile, and we took the sensible decision to defer all major forward capital expenditure until market conditions normalize, as well as raising $10 Million in new capital to strengthen our balance sheet. This, coupled with the fact we have no further ASIC Bitcoin Miner deliveries outstanding, puts Mawson in a solid position to endure through the current market volatility. We continue to receive inbound enquiry for hosting co-location services given our large amount of energy infrastructure capacity available for Bitcoin Mining."
Sam Mowers, Investorideas
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