Thursday, November 17, 2022

#CryptoCorner #Podcast 902: #Stocks discussed: (NasdaqCM: $HIVE) (NYSE: $BTCM) (NasdaqCM: $DGHI)

 



 

 

#CryptoCorner #Podcast 902: #Stocks discussed: (NasdaqCM: $HIVE) (NYSE: $BTCM) (NasdaqCM: $DGHI)

 

Quarterly Results from HIVE, BIT Mining Limited, and Digihost

 

Vancouver, Kelowna, Delta, BC November 17, 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/2022/111722-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/11171HIVE-BTCM-DGHI.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqCM:HIVE) (NYSE:BTCM) (NasdaqCM:DGHI)

 

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has posted its earnings report for the second quarter ended September 30, 2022. Highlights include revenue of $29.6 million, the mining of 858 Bitcoin (BTC) and 7,309 Ethereum (ETH), but a net loss before tax of $37.2 million in the quarter. Frank Holmes, HIVE's Executive Chairman, explained:

 

"It was an extremely challenging quarter for the global digital asset ecosystem, where we saw the capitulation of crypto prices due to the Proof of Stake 'PoS' Luna token blow up in the spring and subsequent contagion from over leveraged 'shadow banks', hedge funds and offshore exchanges. Strategically, we have not borrowed expensive debt against our mining equipment or pledged our Bitcoins for costly loans, thus our balance sheet remains healthy to weather this storm. We believe our low coupon fixed debt; attractive green renewable energy prices and high performing energy efficient ASIC chips will help us navigate through this crypto winter."

 

BIT Mining Limited (NYSE:BTCM) has reported its unaudited financial results for the third quarter ended September 30, 2022. The company posted revenue of $97 million – down a significant $296.1 million from the $393.1 million recorded in Q3 2021. BIT Mining’s CEO, Xianfeng Yang, commented:

 

"Over the past quarter, we 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 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."

 

Digihost Technology Inc. (NasdaqCM:DGHI) has also shared its unaudited financial results for Q3. The company mined 202.78 BTC in the quarter, and boasts mining revenue of $18.5 million for the nine-month period ended September 30, 2022, up 20 percent from the $15.4 million for the same period in 2021. Digihost’s CEO, Michel Amar, said:

 

“Digihost is pleased to present its third quarter financial results, highlighted by a 52% increase in Bitcoins mined during Q3 2022 compared to Q3 of 2021. The Company continues to be committed to conservatively managing its balance sheet and effectively allocating its capital resources in today’s challenging economic environment. We are proud to be one of the rare cryptocurrency mining companies with positive net income and EBITDA* year-to-date.”

 

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: