Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 926: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $DGHI) (NasdaqGM: $SDIG)

Wednesday, February 08, 2023

#CryptoCorner #Podcast 926: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $DGHI) (NasdaqGM: $SDIG)

#CryptoCorner #Podcast 926: #Stocks discussed: (NasdaqGS: $HUT) (NasdaqCM: $DGHI) (NasdaqGM: $SDIG)

Hut 8 Announces Business Combination with US Bitcoin Corp, Digihost Acquires 60MW Power Plant, and Stronghold Digital Signs Hosting Agreement with Foundry

Vancouver, Kelowna, Delta, BC February 8, 2023 - 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.

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

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Stocks discussed: (NasdaqGS:HUT) (NasdaqCM:DGHI) (NasdaqGM:SDIG)

Hut 8 Mining Corp. (NasdaqGS:HUT) and U.S. Data Mining Group, Inc. (dba US Bitcoin Corp (USBTC)), a builder and strategic operator of four Bitcoin (BTC) mining centres across the United States, have announced a definitive business combination agreement wherein both companies will combine in an all-stock merger of equals. The resulting entity, according to the press release, “will be named "Hut 8 Corp." ("New Hut" or the "Combined Company") and will be a U.S.-domiciled entity,” and will be “a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry-leading best practices in ESG.” Hut 8’s CEO, Jaime Leverton, said:

"Bringing together Hut 8's operational track record and diversified revenue streams with US Bitcoin's scalable mining sites, sizeable hosting business, and industry-leading managed infrastructure operations not only accelerates our diversified strategy and positions us for near-term growth, but also establishes us as a strong, U.S.-based player that is ready and able to seize additional opportunities as they arise."

Digihost Technology Inc. (NasdaqCM:DGHI) has completed the acquisition of a 60 MW power plant in North Tonawanda, NY. Michel Amar, the company’s CEO, commented:

“We are extremely pleased to announce to our shareholders the completion of the power plant acquisition. This successful transaction represents a significant milestone in the Company’s ongoing infrastructure expansion strategy. As a result of the Acquisition, our current operating capacity is close to 100MW representing approximately 2 EH of computing power.”

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has recently signed a two-year hosting agreement with Foundry (the “New Foundry Hosting Agreement”), replacing the previous hosting agreement entered into on November 7, 2022. This applies to a Bitcoin mining fleet of “approximately 4,500 miners with total hash rate capacity of approximately 420 PH/s and average efficiency of approximately 35 J/TH.” Greg Beard, Co-chairman and CEO of Stronghold, said:

“We are excited to continue to partner with Foundry with this new long-term agreement, whereby Foundry will fully participate in our vertically integrated business model, validating our differentiated strategy. Further, the multi-year nature of the agreement offers certainty around keeping miners installed and is a natural pathway to fill a portion of our open miner slots capable of supporting approximately 4 EH/s of miners utilizing our self-generated power.”

Sam Mowers, Investorideas

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

Podcast sponsor:

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

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