Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $RIOT) (NYSE: $BKKT) (NasdaqCM: $CLSK)

Thursday, August 10, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $RIOT) (NYSE: $BKKT) (NasdaqCM: $CLSK)

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $RIOT) (NYSE: $BKKT) (NasdaqCM: $CLSK)

Riot Platforms, Bakkt Holdings, and CleanSpark Post Quarterly Financial Updates

Vancouver, Kelowna, Delta, BC August 10, 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).

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2023/081023-CryptoMarket.mp3

Read this in full at: https://www.investorideas.com/news/2023/crypto-corner/08101RIOT-BKKT-CLSK.asp

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Stocks discussed: (NasdaqCM:RIOT) (NYSE:BKKT) (NasdaqCM:CLSK)

Riot Platforms, Inc. (NasdaqCM:RIOT) has reported its financial results for the three-month period ended June 30, 2023. Highlights include a total revenue of $76.7 million, which was largely driven by the production of 1,775 Bitcoin (BTC) during the quarter. Jason Les, the company’s CEO, said:

“As part of the next phase of our growth, Riot signed a long-term purchase agreement with MicroBT to acquire 33,280 next generation miners, with an option to purchase an additional 66,560 miners on the same price and terms. These miners are designed from the ground up for immersion cooling, will be manufactured in the United States, and will add an additional 7.6 EH/s in capacity for Riot by mid-2024.”

Bakkt Holdings, Inc. (NYSE:BKKT) has posted its financial and operational results for the quarter ended June 30, 2023. Highlights include the acquisition of Apex Crypto, the company’s rebranding to Bakkt Crypto Solutions, and revenues of $347.6 million. Looking forward, Bakkt CEO Gavin Michael said:

“We are making strong progress on our international go-to-market strategy and expect to launch our crypto capabilities in Latin America in the fourth quarter. In parallel, we are actively working to expand into the United Kingdom, European Union, Hong Kong and Australia. We are excited about the momentum we are building and our best-in-class platform positions us well for continued success."

CleanSpark, Inc. (NasdaqCM:CLSK) has announced its financial results for the three and nine months ended June 30, 2023. Highlights include quarterly revenues of $45.5 million, a net loss of $14.2 million, and total assets of $652.8 million as of the quarter’s end. Zach Bradford, the company’s CEO, commented:

"We have fully funded our growth to 16 EH/s, including miners, facilities, and other infrastructure, on top of a record-breaking quarter in terms of growth and revenue. We now operate over 9 EH/s of efficient computing power at some of the industry's best all-in electric rates. That growth is translating to record-setting revenue. We have over $90 million in cash and almost 1,200 bitcoins on our balance sheet as of today. We continue to build on our longstanding track record of executing on our commitments, and I'm proud to say that this is a truly best-in-class team."

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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