#CryptoCorner #Podcast 876: #Stocks discussed: (NasdaqCM: $CLSK) (NYSE: $BTCM)
Commentary on BTC from BitBull Capital CEO Joe DiPasquale, CleanSpark Closes Mining Facility Acquisition, and BIT Mining Reports Q2 Results
Vancouver, Kelowna, Delta, BC August 22, 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/2022/082222-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2022/crypto-corner/08221CLSK-BTCM.asp
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqCM:CLSK) (NYSE:BTCM)
Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com regarding Bitcoin’s (BTC) price and market:
“In line with our comments last week, Bitcoin's failure to breach $25,000 has capped its rally and it appears that macroeconomic concerns continue to affect markets. However, we maintain that healthy consolidation leading into September will be a positive sign for the bulls, especially if Bitcoin does not create a new low below $18,000. In case BTC does fall below the previous low, we could be looking at further downside, potentially toward the $15,000 range. However, as long as Bitcoin stays between $18,000 - $20,000, bulls should gain confidence. Upcoming hints from the Fed in terms of their policy are going to be key indicators, especially the September FOMC and the Ethereum [ETH] merge next month.”
CleanSpark, Inc. (NasdaqCM:CLSK) has announced that it has closed on the previously-reported acquisition of an active Bitcoin mining facility in Washington, Georgia. This is anticipated to add 2.6 EH/s to CleanSpark’s hashrate, according to the press release. Matt Schultz, the company’s executive chairman, said:
“This is a tremendous opportunity for CleanSpark and our shareholders and we are thrilled to be moving so quickly on the deployment of this site. The community in Washington has welcomed CleanSpark with open arms, and we look forward to being their partners as we continue to build the transformative and sustainable infrastructure that is bitcoin mining.”
BIT Mining Limited (NYSE:BTCM) has reported its unaudited financial results for the second quarter ended June 30, 2022. Highlights include revenues of $195.5 million USD – down considerably from $435.4 million in Q2 2021. The company’s CEO, Xianfeng Yang, said:
"Over the past quarter, we have focused on R&D and identifying synergies across our vertically integrated supply chain. Cryptocurrency price weakness and higher energy prices have had a significant impact on stock prices and revenues of companies in our sector, including BIT Mining. Despite the turbulent market conditions, we remain committed to our long term growth strategy and confident in our ability to create value for our shareholders in the future.”
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:
Post a Comment