#CryptoCorner #Podcast 871: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqGS: $HUT) (NasdaqCM: $BTBT)
Hut 8, HIVE, and Bit Digital Share July Production Updates
Vancouver, Kelowna, Delta, BC August 8, 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: (NasdaqCM:HIVE) (NasdaqGS:HUT) (NasdaqCM:BTBT)
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported the production figures from its global Bitcoin (BTC) and Ethereum (ETH) mining operations for the month of July 2022. Highlights include the production of 279.9 BTC with an increase to 2.26 Exahash of Bitcoin mining capacity in the month, and the production of 2,957 ETH with 6.49 Terahash of Ethereum mining capacity at the end of the month. Frank Holmes, the Executive Chairman of HIVE, said:
“In July we produced an average of 15.0 Bitcoin Equivalent per day, comprising approximately 9.0 BTC per day and our Ethereum production of approximately 95 Ethereum per day. We are pleased to note that as of today, we are producing approximately 10 BTC a day in addition to approximately 95 Ethereum per day.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has posted a mining production and operations update for the month of July. According to the press release, the company produced 330 BTC during the month (an average of 10.61 per day) – all of which was deposited into custody, and boasts an installed operating capacity of 2.92 EH/s as of the end of the month. Hut 8 CEO Jaime Leverton said:
"We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently. At the same time, we continue to focus on growing the uncorrelated recurring revenue within our high performance computing business and are thrilled to welcome Foundry aboard as a cloud services customer in our Mississauga data centre."
Bit Digital, Inc. (NasdaqCM:BTBT) has announced its unaudited Bitcoin and Ethereum production and corporate updates for the month of July 2022. Highlights include the earning of 142.5 BTC – up 111 percent over the prior month, 0.5 ETH – up from zero the prior month, and treasury holdings of 889.1 BTC and 2,176.9 ETH, with a fair market value of approximately $20.7 million and $3.7 million, respectively, as of the month’s end. According to the press release, Bit Digital has also deployed 31 percent of its currently-owned fleet (about 12,044 BTC miners and 6 ETH miners representing 1.09 EH/s and 0.0 TH/s, respectively) in North America as part of its work with hosting partners as of July 31, 2022.
Sam Mowers, Investorideas
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