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

Thursday, June 15, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $HUT) (NasdaqCM: $BTBT) (NasdaqCM: $MIGI)

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqGS: $HUT) (NasdaqCM: $BTBT) (NasdaqCM: $MIGI)

Hut 8 Provides Update on Business Combination, Bit Digital Posts Quarterly Update, and Mawson Shares May Results

Vancouver, Kelowna, Delta, BC June 15, 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/2023/061523-CryptoMarket.mp3

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Stocks discussed: (NasdaqGS:HUT) (NasdaqCM:BTBT) (NasdaqCM:MIGI)

Hut 8 Mining Corp. (NasdaqGS:HUT) has posted an update regarding its proposed business combination with U.S. Data Mining Group, Inc. dba US Bitcoin Corp (USBTC). According to the press release, the combined company will be called "Hut 8 Corp.” (New Hut), will be a U.S.-domiciled entity, and will “establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices.” Jaime Leverton, CEO of Hut 8, said:

"We are making measurable progress on key files that will positively position New Hut to be very competitive in the market with 7.5 EH/s of self-mining capacity. We continue to be laser-focused on completing this merger in an expedient manner to form a stronger business backed by both Bitcoin and fiat revenues generated from robust North American-wide operations."

Bit Digital, Inc. (NasdaqCM:BTBT) has announced its unaudited financial results for the first quarter ended March 31, 2023. Highlights include a total revenue of $8.3 million, the earning of 362 Bitcoin (BTC), and total assets of $92.2 million as of March 31. An excerpt from the “Management Commentary” section of the press release reads:

“As we progress in 2023, we remain committed to preserving our balance sheet while adopting a more opportunistic approach to capitalize on compelling value propositions in the market. Moving forward, we will continue to focus on what we can control and setting the stage for long-term value creation for all Bit Digital stakeholders.”

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has posted its unaudited business and operational update for the month of May this year. Highlights include the installation of 13,750 self-mining miners, total revenue equivalent in Bitcoin of 126.57 BTC, and the production of 67.49 BTC. Rahul Mewawalla, the company’s CEO and President, said:

"We are delighted to share our business update. May was an exciting month for Mawson as we significantly grew our installed miners, our BTC mining, and delivered a diversified revenue mix of self-mining, hosting and energy market program revenue. I want to thank our entire organization at Mawson as we keep striding ahead."

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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