#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqCM: $MIGI) (TSXV: $DMGI.V)
Bitfarms Enters Hydro Power Agreement, Mawson Infrastructure and DMG Blockchain Announces March Updates
Vancouver, Kelowna, Delta, BC April 13, 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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https://www.investorideas.com/Audio/Podcasts/2023/041323-CryptoMarket.mp3
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Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:MIGI) (TSXV:DMGI)
Bitfarms Ltd. (NasdaqGM:BITF) has entered into agreements to acquire 22 MW of hydro power capacity and to lease a site in Baie-Comeau, Quebec, Canada. According to the press release, the site boasts five hydro-electricity generation facilities with over 5.4 gigawatts nameplate capacity. Geoff Morphy, the CEO of Bitfarms, said:
“Following the closing of the acquisition, we plan to keep the development and build-out costs low by leveraging our experienced Canadian-based team, utilizing a portion of our hardware credits for miner procurement, and applying infrastructure equipment repurposed from the December 2022 sale of our De La Pointe facility. Our in-house design team and electricians will retrofit the existing structure and expect to bring 11 MW online by the third quarter of 2023. We expect to commission the remaining 11 MW during the second half of 2024, providing strategic flexibility around the next Bitcoin (BTC) halving.”
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced its unaudited Bitcoin production and operational update for March 2023. Highlights include the total self-mining production of 42.97 BTC, the installation of 5,880 self-mining miners, and the entering into a sale agreement for Texas sites and related equipment for $8.5 million USD. The company’s CEO, James Manning, said:
"An exciting month for the bitcoin mining industry as we saw the price of BTC increase to over $28,000. This combined with the great on-site progress in Midland, PA finalizing the infrastructure installation to more than double our MW capacity in Q2 to 120MW, makes the next couple of months an exciting time for the Mawson team."
DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced its March preliminary mining results. Highlights include the mining of 78.9 BTC with a 0.88 EH/s realized hashrate, and a Bitcoin balance of 443 BTC as of March 31. The company expects its last batch of 42 PH/s of Bitmain S19 XPs to be delivered in May, which along with additional mine improvements, the company “expects to grow its hashrate to 1 EH/s in May.” This is predicated on “the receipt, installation and operation of the additional miners, as well as operation of its existing fleet in standard power mode.”
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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