#CryptoCorner #Podcast 890: #Stocks discussed: (NasdaqCM: $MARA) (NasdaqCM: $RIOT) (TSXV: $BNXA.V)
Marathon Digital and Riot Blockchain Post September Updates, and Banxa Engages Crypto Investment Bank Architect Partners
Vancouver, Kelowna, Delta, BC October 6, 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:MARA) (NasdaqCM:RIOT) (TSXV:BNXA)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited Bitcoin (BTC) production and miner installation updates for September 2022. Highlights include the production of 360 BTC in September (616 BTC in Q3), and an operating fleet of about 37,000 active miners, producing approximately 3.8 EH/s as of September 30. The company’s Chairman and CEO, Fred Thiel, said:
“During the third quarter, we sequentially improved our bitcoin production as we successfully transitioned out of our facility in Montana and continued scaling operations at new locations, including the King Mountain wind farm in Texas. This progress has continued into the first week of October with approximately 19,000 additional miners, representing approximately 2.0 exahashes per second, coming online since the quarter’s end.”
Riot Blockchain, Inc. (NasdaqCM:RIOT) has shared its unaudited production and operations updates for September 2022. Highlights include the production of 355 BTC, the holding of 6,775 BTC, and a deployed fleet of 55,728 miners with a hash rate capacity of 5.6 EH/s. Jason Les, the company’s CEO, commented:
“We are thrilled to announce that Building D, the sixth building at our Rockdale facility, is now online. Our team has expanded Riot’s total deployed fleet by 9,070 miners and increased our hash rate capacity to an all-time high of 5.6 EH/s. Additionally, we have already received nearly 15,000 S19-series miners, including the newest generation S19 XPs. In the coming months, we will remain focused on aggressively increasing our deployed hash rate as we work towards our goal of reaching 12.5 EH/s in the first quarter of 2023.”
Banxa Holdings, Inc. (TSXV:BNXA) has announced the appointment of Architect Partners, a US-based cryptocurrency-focused Investment Bank to “ensure that shareholder value is maximized and to manage the process.” Banxa’s Founder and Board Chairman, Domenic Carosa, said:
"Banxa's board is excited about the company's future, as Banxa continues to build important pieces of the global crypto market infrastructure. We remain committed to unlocking maximum value for our shareholders, whether that is through strategic deal-making or further organic growth."
Sam Mowers, Investorideas
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