#CryptoCorner #Podcast 889: #Stocks discussed: (NasdaqGM: 4BITF) (NasdaqCM: $FTFT) (TSXV: $DMGI.V)
Bitfarms Posts BTC Production Update for September, FTFT UK Closes Acquisition of Khyber Money Exchange, and DMG Now Trading on Bosonic Network
Vancouver, Kelowna, Delta, BC October 3, 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/2022/100322-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2022/crypto-corner/10031BITF-FTFT-DMGI.asp
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:FTFT) (TSXV:DMGI)
Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update for September 2022. Highlights include the mining of 481 BTC, and 4.2 EH/s of hashrate capacity online as of September 30, – an increase of 180 percent from September 2021. In fact, the firm has surpassed its full year 2021 production in the first nine months of 2022, having already mined 3,733 BTC YTD. Geoff Morphy, President and COO of Bitfarms, added:
“Accomplishing a significant milestone in early September, we initiated production in Rio Cuarto, Argentina with our first 10-megawatt (MW) module. As of September 30, we installed 1,751 miners at this location and have pending 3,000 miners at Argentina Customs slotted to add to production throughout Q4 2022. During the month, we also began construction at our second 50 MW warehouse in Rio Cuarto, which is on target to be completed during Q2 2023.”
FTFT UK Limited, a wholly-owned subsidiary of Future FinTech Group, Inc. (NasdaqCM:FTFT), announced that it has closed on the acquisition of money transfer company Khyber Money Exchange Ltd. Future FinTech’s CEO, Shanchun Huang, said:
"We are pleased with the completion of the acquisition of Khyber Exchange since it further extends our fintech footprint and reach. Further, we believe that the acquisition will play an important role in the strategic transformation of the Company and that it lays a foundation for the internationalization of our business and income. Our objective is to become a diversified fintech enterprise that leverages current opportunities and integrates them into a comprehensive business platform."
DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced that it has been onboarded and is now actively trading on the Bosonic Network, a decentralized financial market infrastructure (dFMI) company. This enables DMG to exchange its Bitcoin to fiat currency “at a lower cost with lower risk versus traditional exchanges.” Sheldon Bennett, DMG’s CEO, said:
“The Bosonic Network connects our custodian directly to institutional buyers with no intermediaries and offers a unique, real-time clearing and settlement infrastructure for digital asset trading. DMG has tested the exchange with over two million dollars of bitcoin sold over the past few months, and we are very happy with the results.”
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
About Investorideas.com - Big Investing Ideas
We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders. Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast , Cleantech and Climate Change Podcast, Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast. We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.
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