#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $CLSK) (NasdaqGM: $BITF) (NYSE: $BKKT)
CleanSpark and Bitfarms Post March Updates, and Bakkt Holdings Completes Acquisition of Apex Crypto
Vancouver, Kelowna, Delta, BC April 3, 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: (NasdaqCM:CLSK) (NasdaqGM:BITF) (NYSE:BKKT)
CleanSpark, Inc. (NasdaqCM:CLSK) has released its unaudited Bitcoin (BTC) mining and operations update for the month ending March 31, 2023. Highlights include the mining of 598 BTC – 502 of which was converted for operations and growth in the month, and a currently deployed fleet of about 67,700 latest-generation bitcoin miners with a hashrate of 6.7 EH/s. Zach Bradford, the company’s CEO, explained:
“Our approach to proprietary mining gives us substantial control and flexibility over our destiny and the progress on our Washington expansion is a perfect example. The 50MW expansion is on schedule. The machines have already been purchased and shipping is expected to commence this month. Once those machines are racked and the expansion is energized, our hashrate is expected to increase to about 8.7 EH/s, giving us substantial progress toward our calendar year-end goal of 16 EH/s.”
Bitfarms Ltd. (NasdaqGM:BITF) has provided its Bitcoin production and mining operations update for March 2023. Highlights include the mining of 424 BTC, a 4.8 EH/s hashrate capacity online as of March 31, and the sale of 394 BTC for total proceeds of $9.7 million. The company’s Chief Mining Officer, Ben Gagnon, said:
“In March, we increased BTC production 17% year-over-year, even with energy curtailment in Quebec and Paraguay as well as continued network growth. In Q1 2023, BTC price increased by 72%, outpacing network difficulty growth of 32.5%. As a result, industry mining revenue is up 31% dollars per TH in the quarter. Continued rising difficulty levels reflect increasing investment and bullish sentiment in the mining industry overall.”
Bakkt Holdings, Inc. (NYSE:BKKT) has completed its acquisition of Apex Crypto LLC, the latter of which is described as “a turnkey platform for integrated crypto trading, developed to meet the growing needs of fintechs, trading apps, neobanks and their customers.” Gavin Michael, CEO of Bakkt, commented:
"This acquisition marks an exciting new chapter for Bakkt, significantly advancing portions of our crypto roadmap, helping us tap into a universe of 5.8 million crypto-enabled accounts, and further establishing Bakkt as the B2B2C crypto provider of choice. We’re looking forward to welcoming the Apex Crypto team members to Bakkt and working together to accelerate our growth and strategy."
Sam Mowers, Investorideas
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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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