Tuesday, August 09, 2022

#CryptoCorner #Podcast 872: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK)

 



 

 

#CryptoCorner #Podcast 872: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $CLSK)

 

Commentary on BTC from BitBull Capital CEO Joe DiPasquale, Marathon Reports Q2 Results, and CleanSpark Acquires Mining Facility in Georgia

 

Vancouver, Kelowna, Delta, BC August 9, 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.

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/080922-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08091MARA-CLSK.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:CLSK)

 

According to data from CoinMarketCap, Bitcoin (BTC) is trading for about $23,000 USD at press time. Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com regarding Bitcoin’s price and its possible indications:

 

“In line with our comments last week, BTC's rally failed to materialize into a sustained trend and the market leader was largely range bound between $23,000 - $22,000. However, the resilience on display should inspire confidence among market bulls.

 

From a technical analysis perspective, the range between $20,000 - $22,000 is an important support zone right now. While the possibility of a retest of this zone can't be ruled out, any breakdown below this is likely to result in further downside toward recent lows. On the flipside, a breakout above $25,000 could see BTC moving very quickly toward the $29,000 - $30,000 resistance.”

 

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has reported its financial and operational results for the second quarter ended June 30, 2022. Highlights include the production of 707 BTC – increasing the firm’s total Bitcoin holdings to 10,055 BTC as of the month’s end, and a net loss of $191.6 million – in line with Bitcoin’s own decline in price over the period. Fred Thiel, Marathon’s Chairman and CEO, explained:

 

“Energization delays, maintenance and weather issues in Montana, and an approximately 56% decline in the price of bitcoin during the quarter, severely impacted our bitcoin production and financial results. These items reduced our revenues, caused us to record a $127.6 million impairment on our bitcoin holdings, and decreased the fair market value of our investment fund by $79.7 million. However, given the groundwork we laid during the quarter and the progress we have made since, we are optimistic that Marathon’s operational and financial positioning is improving.”

 

CleanSpark, Inc. (NasdaqCM:CLSK) has entered into a definitive agreement to acquire an active Bitcoin mining facility located in Washington, Georgia, for $16.2 million. Additionally, the company has  purchased approximately 3,400 of the latest generation Antminer S19 series of machines for roughly $8.9 million, which are already operating at the acquired site. Zach Bradford, CleanSpark’s CEO, said:

 

“The market has been preparing all summer for consolidation, and we are pleased to be on the acquiring side. Our focus on sustainability and maximizing value for our stakeholders have put us in a unique position to take advantage of the unprecedented opportunities that the current market has created. We are especially excited to be working with the citizens of Washington, GA, who have been so welcoming to us. We look forward to maintaining and growing jobs and infrastructure at our new campus in Washington.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories

 

No comments: