Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGS: $HUT) (NasdaqCM: $HIVE)

Monday, June 12, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGS: $HUT) (NasdaqCM: $HIVE)

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGM: $BITF) (NasdaqGS: $HUT) (NasdaqCM: $HIVE)

Bitfarms Reports New Hashrate High, Hut 8 and HIVE Post May Results

Vancouver, Kelowna, Delta, BC June 12, 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/2023/061223-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/06121BITF-HUT-HIVE.asp

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Stocks discussed: (NasdaqGM:BITF) (NasdaqGS:HUT) (NasdaqCM:HIVE)

Bitfarms Ltd. (NasdaqGM:BITF) has announced that it has reached a new hashrate high of 5.3 EH/s, up 6 percent already from May 31, 2023. Ben Gagnon, the company’s Chief Mining Officer, explained:

“The first tranche of 2,982 MicroBT miners were installed and began hashing last week at our Rio Cuarto farm in Argentina. These miners contributed an additional 290 PH/s driving our hashrate to 5.3 EH/s, With these new installations, operating capacity increased to 29 MW at Rio Cuarto and to 207 MW company-wide. An additional 3,300 miners are en route to Rio Cuarto and will improve production and energy efficiency at this facility when installed in July.”

Hut 8 Mining Corp. (NasdaqGS:HUT) has posted its production and operations update for May 2023. Highlights include the mining of 147 Bitcoin (BTC) (average of 4.7 BTC/day), the sale of 179 BTC for proceeds totalling $6.8 million, and the production of 56.54 BTC/EH in hashrate capacity for the month. The company’s CEO, Jaime Leverton, commented on the remediation of Hut 8’s site in Drumheller, Alberta:

"While the re-energization at Drumheller has been challenging, our team continues to show grit and perseverance and is making progress. In addition to recognizing our mining team for their hard work and dedication, I would also like to congratulate our HPC team for winning a significant five-year client contract at our flagship data centre in Kelowna."

HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has reported the unaudited production figures from its global Bitcoin operations for the month of May 2023. Highlights include the production of 304.6 BTC, and an average hashrate of 3.30 EH/s for the month. Aydin Kilic, President & CEO of HIVE, said:

"We are starting to receive shipments of our 1.26 EH/s of ASICs which was previously announced, and are installing them in our data centers upon delivery. We expect to provide updates on our growing hashrate capacity as we work towards our interim goal of 4 EH/s, and moreover, we are actively evaluating opportunities in the market for our year end goal of 6 EH/s."

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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