Tuesday, January 17, 2023

#GreenMetal #Stock News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) announces more Rare Earth Assay Results from Wicheeda Project Drilling; @defensemetals Including 30 metres of 3.77% TREO

 

#GreenMetal #Stock News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) announces more Rare Earth Assay Results from Wicheeda Project Drilling; @defensemetals Including 30 metres of 3.77% TREO

 


Vancouver, British Columbia – January 17, 2023: Investorideas.com Newswire, -Mining/Metals/ Green Energy Stock news-  Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce Rare Earth Element (“REE”) assay results from an additional eight core drill holes, totalling 2,104 metres (“m”), completed during 2022 at its 100% owned Wicheeda REE Deposit. These assay results are from two exploration, three resource delineation, and three pit slope geotechnical core drill holes, one of which (hole WI22-73) returned the second longest REE-mineralized intercept of the 2021 and 2022 Wicheeda drilling campaigns (10,859 metres in 47 core holes).

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2023/mining/01171DEFN-Rare-Earth-Assay.asp

 

Pit slope geotechnical drill hole WI22-74 (-65o dip at azimuth 139o) drilled into the south pit wall intersected high-grade mineralized dolomite carbonatite that assayed 3.77% total rare earth oxide (“TREO”) over 30 metres (“m”) from surface and 2.52% TREO over 59 m at mid-hole depths, within a broader zone averaging 2.03% TREO over a 192 m interval (see Table 1 and Figure 1).

 

Resource delineation drill holes WI22-71 (-50o dip at 163o azimuth) and WI22-73 (-60o dip at azimuth 134o) drilled within the central area of the deposit similarly intersected mineralized dolomite-carbonatite, from surface, assaying 2.83% TREO over 66 m and 2.35% TREO over 81 m, respectively; within broader mineralized zones yielding 1.47% TREO over 207 m, and 1.42% TREO over 222 m, respectively (see Table 1 and Figure 1).

 

Resource delineation and pit slope geotechnical drill holes WI22-76 (-55o dip at 242o azimuth) and WI22-77 (-70o dip at 348o azimuth) returned moderate-grade, mixed syenite-xenolithic dolomite carbonatite intervals from the northern limit of the Wicheeda Deposit and north pit wall that assayed 0.64% TREO over 151 m; and 0.67% TREO over 76 m, respectively (see Table 1 and Figure 1).

 

 Kristopher Raffle, P.Geo., Director of Defense Metals and a Qualified Person stated:

“We are excited to be nearing the release of our final drill results from a very successful year of drilling. It’s very telling that one of our geotechnical drill holes not only gave us important data about future open pit slope design, but also yielded one of the best drill intercepts of our 2021 and 2022 drill programs. Following the receipt of assays from our two remaining geotechnical drill holes, we will update the Wicheeda mineral resource based on more than 10,000 metres in the 47 drill holes Defense Metals has completed post-PEA. We firmly believe Wicheeda is one of the best rare earths projects globally and we eagerly look forward to advancing the project during 2023.”

High-wall pit slope geotechnical drill hole WI22-75 (-60o dip at 110o azimuth), collared 100 m east of the Wicheeda Deposit, and greenfield exploration drill holes WI22-65 (-60o dip at 140o azimuth) and WI22-66 (-60o dip at 140o azimuth), which targeted REE soil geochemical anomalies 500 m southwest and 1,000 m northwest of the Wicheeda Deposit, did not return significant REE mineralization.

Table 1. Wicheeda REE Deposit 2022 Diamond Drill Intercepts[1]

Hole ID

From (m)

To

(m)

Interval (m)

TREO[2] (%)

Ce2O(%)

La2O(%)

Nd2O(%)

Pr2O(%)

Sm2O(ppm)

Gd2O3 (ppm)

Eu2O3 (ppm)

Dy2O3 (ppm)

Tb4O7 (ppm)

Ho2O3 (ppm)

WI22-71 (163/-50)

3.5

210

206.5

1.47

0.72

0.48

0.18

0.06

203

99

43

31

9

4

including

3.5

69

65.5

2.83

1.38

0.96

0.32

0.11

327

147

66

36

12

4

WI22-73 (134/-60)

2.3

224

221.7

1.42

0.69

0.46

0.17

0.06

203

100

45

35

10

5

including

2.3

83.5

81.2

2.35

1.14

0.80

0.26

0.09

281

123

57

34

11

4

WI22-74 (139/-65)

2.5

194

191.5

2.03

0.99

0.68

0.23

0.08

247

111

50

30

9

4

including

2.5

32.5

30

3.77

1.83

1.33

0.39

0.15

342

144

68

38

12

4

and

59

115.8

56.8

2.52

1.22

0.87

0.27

0.10

279

120

55

30

10

4

WI22-76 (242/-55)

125

276

151

0.64

0.31

0.20

0.08

0.03

104

60

27

27

7

4

WI22-77 (348/-70)

16.5

93

76.5

0.67

0.32

0.20

0.09

0.03

160

104

44

45

11

6

Previously

Reported

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WI22-62 (204/-50)

93

260

167

1.39

0.68

0.43

0.18

0.06

222

101

43

29

9

4

including

121

169

48

2.29

1.13

0.72

0.29

0.10

316

123

54

22

9

2

WI22-63 (204/-60)

148

187

39

2.29

1.12

0.79

0.25

0.09

246

120

47

26

9

3

including

175

184

9

5.08

2.45

1.84

0.52

0.19

472

215

91

49

17

5

WI22-64 (204/-65)

77

269.3

192.3

1.78

0.86

0.58

0.22

0.08

230

116

51

34

10

4

including

77

150

73

3.13

1.51

1.06

0.37

0.13

353

156

71

30

12

3

WI22-67 (197/-60)

30.7

137

106.3

2.53

1.22

0.87

0.28

0.10

307

149

66

36

13

4

including

41

100

59

3.42

1.65

1.19

0.37

0.14

381

184

80

40

16

4

WI22-68 (220/-55)

109.4

233

123.6

3.58

1.69

1.29

0.38

0.14

376

160

71

35

12

3

including

212

230

18

6.70

3.11

2.50

0.71

0.27

619

260

111

47

18

5

WI22-69 (230/-50)

93

314

221

2.14

1.02

0.74

0.24

0.09

260

126

56

36

11

4

including

93

204

111

3.52

1.68

1.25

0.37

0.14

390

181

81

45

16

5

WI22-70 (234/-55)

117

230

113

2.50

1.20

0.84

0.29

0.10

352

180

74

58

17

7

WI22-72 (167/-70)

3

125

122

2.56

1.25

0.85

0.29

0.11

308

139

63

40

12

5

including

3

58

55

3.02

1.47

1.02

0.34

0.12

345

135

69

34

12

4

and

125

222

97

0.90

0.44

0.27

0.12

0.04

152

80

35

30

8

4

 

 

 

 

 

 

Figure 1. Wicheeda REE Deposit Long Section Looking East

 


 

Geotechnical drill hole data collected will support future pre-feasibility level mine planning studies (see Defense Metals’ news release dated May 24, 2022). The 2022 Wicheeda REE Deposit resource delineation and pit slope geotechnical drill program comprised 18 core drill holes totalling 5,510 m (~18,077 feet). Assay results have been announced for a total of 16 holes to date, with results of the remaining two holes expected shortly.

 

About the Wicheeda REE Property

 

The 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE Property is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda project is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, gas pipelines, the Canadian National Railway, and major highways.

 

The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report (“PEA”) outlined a robust after-tax net present value (NPV@8%) of $517 million and an 18% IRR[3]. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa (“million tonnes per year”) mill throughput  producing an average of 25,423 tonnes REO annually over a 16 year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Methodology and Quality Assurance/Quality Control

 

The analytical work reported on herein was performed by ALS Canada Ltd. (“ALS”) at their Langley (sample preparation) and Vancouver (ICP-MS fusion), B.C. facilities. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the QP. Drill core samples were subject to crushing at a minimum of 70% passing 2 mm, followed by pulverizing of a 250-gram split to 85% passing 75 microns. A 0.1-gram sample pulp was then subject to multi-element ICP-MS analysis via lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry standard procedures for the work carried out on the Wicheeda Project, with a quality assurance/quality control (“QA/QC”) program. Blank, duplicate, and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data.

 

Qualified Person

 

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, Alberta, who is a director of Defense Metals and a “Qualified Person” (“QP”) as defined in NI 43-101. Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein. 

 

About Defense Metals Corp.

 

Defense Metals Corp. is a company focused on the development of its 100% owned Wicheeda Rare Earth Element mineral deposit, located near Prince George, British Columbia, Canada, that contains metals and elements commonly used in in green energy, aerospace, automotive and defense technologies. Rare earth elements are especially important in the production of magnets used in wind turbines and in permanent magnet motors for electric vehicles.  Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

 

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

 

This news release contains “forwardlooking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, drill results including anticipated timeline of such results/assays, the Company’s plans for its Wicheeda REE Project, expanded resource and scale of expanded resource, expected results and outcomes, plans to complete a PFS, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.comWhile such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forwardlooking statements or forwardlooking information, except as required by law.

 

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[1]The true width of REE mineralization is estimated to be 70-100% of the drilled interval.

[2]TREO % sum of CeO2, La2O3, Nd2O3, Pr6O11, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3 and Ho2O3.

[3] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

Powered By: #DataEcosystems Power the Future of Industry and Growth (NASDAQ: $SFET) (NASDAQ: $SPLK) (NASDAQ: $ZI) (NYSE: $SNOW) @SafeTGroupltd @splunk @SnowflakeDB @ZoomInfo

Powered By: #DataEcosystems Power the Future of Industry and Growth (NASDAQ: $SFET) (NASDAQ: $SPLK) (NASDAQ: $ZI) (NYSE: $SNOW) @SafeTGroupltd @splunk @SnowflakeDB @ZoomInfo

 




Vancouver, Kelowna, Delta, BC - January 17, 2023 - Investorideas.com, a leading investor news resource covering data extraction and data cloud stocks releases a special report on the growth of the industry featuring Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET).  As more industries become connected to wireless and wired networks, not only does data storage and management become important, but also data extraction and sorting as more and more companies utilize these new technologies to scale up productivity and efficiency.

 

Read this article, featuring SFET in full at https://www.investorideas.com/news/2023/defense/01171Data-Ecosystems.asp

 

Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET), a global provider of cybersecurity and privacy solutions to consumers and enterprises, recently announced that NetNut Ltd, the Company's wholly owned subsidiary and enterprise privacy network unit, is expanding its presence into the price comparison market with new customers from the travel sector that operate price comparison websites (PCW).

 

These new customers will be utilizing NetNut’s solutions to improve their price comparison capabilities and offer their users seamless and competitive business analysis and increased productivity. These new partnerships will allow NetNut to tap into the growing PWC marketplace and further establish itself as a leading provider of proxy solutions.

 

"We are pleased to partner with new customers in the price comparison website market, as it allows us to further strengthen our presence in the travel industry, a competitive market for our customers. We are confident that our solutions will provide our customers with valuable benefits, allowing them to offer their users an efficient and competitive experience," said Shachar Daniel, Safe-T's Chief Executive Officer.

 

NetNut recently announced it has doubled its usage volume and processed over 36 billion customer's requests. The sharp increase in volume is a result of the onboarding of several strategic customers, as well as the expansion of NetNut's network and its ability to process billions of requests.

 

A recent news piece from MarketWatch discussed Safe-T Group’s record earnings stating that, “When it comes to Wall Street valuing companies, share prices are often imperfect representations of a company's performance – even more so in low-float companies where small trades can induce significant change. That appears to be the case with Safe-T Group Ltd., a global provider of cyber-security and privacy solutions to consumers and enterprises. Of course, calling the SFET share price imperfect needs supporting evidence. Fortunately, SFET provides plenty. Last month, the company reported what many in the current economic client can't: record-setting profits. In fact, its Q3 earnings were more than record-setting; they showed that SFET is in hypergrowth. Specifically, revenues for the three months that ended September 30, 2022, scored a record $4,812,000, an increase of 42% compared to last year. Growth was even more substantial on a nine-month comparison, with SFET posting a record level of $13,610,000, an increase of 109% from the same period in 2021. By the way, both of these measures exceeded guidance.”

 

The article continued, “Top-line growth isn't the only number that should be earning investors' attention, however, as SFET’s bottom line numbers are equally impressive. There, gross profit for the nine months surged by 143% to $7,360,000 over last year's comparable. For the three months ending September 30, gross profit scored $2,627,000, 47% higher than the previous year's period. The even better news is that investors should expect the bullish momentum behind SFET's growth to continue, a product of operating expense reductions that already resulted in a 25% reduction in net loss and a 30% decrease in Adjusted EBITDA Loss in Q3 compared to the second quarter of 2022. That shows what investors like to see: consecutive quarterly improvements.”

 

Data management and extraction continues to be validated, not only by the consumer market and their demands, but also with regards to global change. Splunk Inc. (NASDAQ:SPLK), the data platform leader for security and observability, last month released its second annual Global Impact Report. The report details the company's progress across four areas that matter most to Splunk and its stakeholders - social impact, ethical and inclusive growth, data responsibility and environmental sustainability.

 

"We believe that purpose-led impact work drives business growth and success benefiting our customers, stockholders and communities," said Scott Morgan, SVP, Chief Legal Officer, Global Affairs for Splunk. "We are proud of our progress in these areas and inspired by our customers and others, who count on us to help create resiliency in their digital operations and interactions. Splunk is committed to embedding important impact initiatives into our decision making and operations to create a more successful business and better world through bridging the data divide."

 

The 2022 Global Impact Report underscores Splunk's dedication to building and maturing its programs and initiatives, powered by and in service to the vision, passion and expectations of its customers, stockholders, employees and other stakeholders. Below are top highlights across the company's four-pillar Global Impact Strategy.

 

In FY22, Splunk launched the Splunk Strategic Giving program, providing over $1 million in unrestricted grants to nonprofit partners aligned with its mission to bridge the data divide- the division between those who have access to data and those who do not. One such recipient is TechVets, a U.K. nonprofit and programme in the Forces Employment Charity that helps veterans navigate the transition out of the military and into new civilian careers in technology. Splunk's funding and free technical training through its workforce development program enables TechVets to provide no-cost access to Splunk courses and certifications.

 

The Environmental Sustainability pillar of Splunk's Global Impact Strategy aims to identify, measure and reduce the environmental impacts of company operations by focusing on climate change, resource efficiency and environmentally-preferred purchasing.

 

In FY22, Splunk announced its intent to achieve net zero greenhouse gas emissions by 2050, as well as a commitment to set a suite of shorter-term science-based targets. Splunk's Global Impact Report provides a progress update of the company's Global Climate Resilience and Innovation strategy work to develop a net zero transition roadmap and set a suite of science-based emissions reduction targets.

 

One recent report titled, “Data Extraction Market Size, Share, Cost Structure Analysis And Forecast To 2030”, discussed what is driving the trend towards better data management and functionality. The article stated that a “Surge in adoption of big data and business analytics software by multiple organizations and need for dedicated storage systems for growing volume of data across the globe drive the growth of the market. In addition, numerous benefits provided by data extraction software fuels the market growth. Moreover, growing concerns regarding the quality of data and complexity in extracting data from various sources hamper the growth of the market. Furthermore, growth in adoption of AI in data extraction and emerging trends of adopting virtual data warehousing are anticipated to provide lucrative opportunities for the market expansion during the forecast period.”

 

Snowflake Inc. (NYSE: SNOW), the Data Cloud company, announced last year at its Snowday 2022 event, the final San Francisco stop on its Data Cloud World Tour, that they have seen continued growth across the Data Cloud ecosystem, driven in part by Snowflake’s cloud, data provider, services, technology, and Powered by Snowflake partners, alongside its customers.

 

Launched over two years ago, the Snowflake Partner Network continues to serve as the engine that fuels the growth of the Data Cloud ecosystem, unlocking the potential of the Data Cloud with a broad array of solutions, applications, and partners that help mobilize the world’s data.

 

"Together, Deloitte and Snowflake are supporting customers end-to-end through their data mobilization journeys," said Frank Farrall, Principal – Data and AI Alliances Leader, Deloitte Consulting LLP. "Our alliance with Snowflake allows us to be part of the process of helping to redefine the market for data technology, empowering our joint clients to achieve their digital innovation goals and unlock business value at scale."

 

 

"Earlier this year, Capital One entered the enterprise B2B software market with the launch of Capital One Software and our first product, Slingshot," said Salim Syed, VP and Head of Engineering, Capital One Software. "We chose to develop a Slingshot app for Snowflake Marketplace to further enhance the Slingshot customer experience and increase the time to value for our joint customers. The ease at which consumers can securely install and run applications directly in their Snowflake instances is of huge value to those building applications in Snowflake."

 

ZoomInfo Technologies Inc. (NASDAQ: ZI), a global leader in modern go-to-market software, data and intelligence, announced earning 29 No. 1 rankings across 87 grids in the G2 Winter 2023 Grid® Reports, setting a company record for top rankings and expanding its leadership in Enterprise categories.

 

Overall, the company received 198 awards in the G2 Winter 2023 reports, which also include G2’s Momentum Reports and Index Reports. ZoomInfo’s products secured No. 1 rankings in Buyer Intent Data, Sales Intelligence, Market Intelligence, Marketing Account Intelligence, Account Data Management, Lead Intelligence, Email Verification, Data Quality, and 21 other categories.

 

"ZoomInfo continues to expand the number of best-in-class functions inside our innovative platform to help revenue teams go to market," ZoomInfo Founder and CEO, Henry Schuck said. "We’re especially proud of how our products power enterprise businesses worldwide."

 

The Winter 2023 Grid® Reports are based on G2’s unique algorithm, which calculates customer satisfaction and market presence scores in real time, based on user reviews and data aggregated from online sources and social networks. ZoomInfo’s high placement in these categories underscores how best-in-class data feeds every step of a sales and marketing professional’s workflow.

 

It becomes clear that the future of many, if not all industries, will slowly become powered by one or the other of these data ecosystems and that this will become more and more of a necessity as technology continues to change the face of competition. Soon you may not even need to read these articles as a “powered by” app may provide a better understanding of market research by simply data scraping the news for you.

 

 

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#CryptoCorner #Podcast 918: #Stocks discussed: (NasdaqCM: $HIVE) (NasdaqCM: $CIFR) (TSXV: $CBIT.V)

 

HIVE Blockchain Announces BuzzMiner Deployment, Cipher Mining and Cathedra Publish Updates

 

Vancouver, Kelowna, Delta, BC January 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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Stocks discussed: (NasdaqCM:HIVE) (NasdaqCM:CIFR) (TSXV:CBIT)

 

HIVE Blockchain Technologies, Ltd. (NasdaqCM:HIVE) has announced the commercial deployment of the HIVE BuzzMiner powered by the Intel Blockscale ASIC. According to the press release, this follows months of planning, engineering development, implementing factory QA processes, field testing and global collaboration. Aydin Kilic, President & COO of HIVE, explained:

 

"The HIVE BuzzMiner is a high quality and robust machine and we are very pleased with the finished product. Our strategy to vertically integrate our business to include the development and production of our own Bitcoin [BTC] ASIC miner, represents a significant milestone in HIVE's advancement of our green energy focused Proof-of-Work initiatives. In addition to having design input and visibility, we are able to optimize the function of the HIVE BuzzMiner to satisfy demand response programs, so we can participate in grid balancing initiatives, which is part of our global energy strategy. What is unique about the HIVE BuzzMiner is the dynamic range of operation. We are able to operate our machines from 110 TH/s to 130 TH/s, allowing us to optimize the profitability of our fleet, by varying the power consumption and machine efficiency. Accordingly, our initial build of 5,800 HIVE BuzzMiners, can produce between 638 PH/s to 754 PH/s."

 

Cipher Mining Inc. (NasdaqCM:CIFR) has reported its unaudited production and operations updates for December 2022. Highlights include the mining of 225 BTC, the selling of 39 BTC, a currently deployed fleet of 28,000, and a hashrate of 2.8 EH/s as of the end of the month. Tyler Page, the company’s CEO, commented on the progress at the Odessa site:

 

“This rapid progress demonstrates the expertise of our amazing deployment and operations teams. As is always the case at Cipher, we maintained a relentless focus on cost discipline, and announced during the month that we had purchased 7,200 new rigs at very attractive prices, bringing our total purchased fleet for self-mining to over 59,000 rigs.”

 

Cathedra Bitcoin Inc. (TSXV:CBIT) has published its recent operations and corporate updates. Highlights include the receipt of 1,385 Bitmain Antminer S19J Pro machines – 920 of which are being installed at the company’s mine in Washington, and the optimization of operations through the reduction of power draw to improve machine efficiency at two sites. Management commentary from the press release reads:

 

"In market conditions like these, one must think like a cockroach. After deploying these additional machines, improving the efficiency of some existing machines through underclocking, and further reducing our overhead, we will continue to generate positive EBITDA under current market conditions."

 

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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