Vancouver, Kelowna, Delta, BC – February 1, 2022 (Investorideas.com Newswire) 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.
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Crypto Corner Podcast 765: Stocks discussed: (NasdaqGM: BITF) (NYSE: BKKT) (NasdaqCM: DGHI)
Stocks discussed: (NasdaqGM:BITF) (NYSE:BKKT) (NasdaqCM:DGHI)
Bitfarms Ltd. (NasdaqGM:BITF) has shared its Bitcoin (BTC) production and mining operations update for January 2022. Highlights include the achievement of a 2.3 EH/s hashrate, the mining of 301 new BTC, and 4,600 BTC in custody as of January 31. The company’s CEO, Emiliano Grodzki, discussed the commencement of operations at its 10-megawatt (MW) farm in Paraguay:
“;As we execute on our growth strategy of expanding into new geographies and leveraging our presence in these regions, Paraguay is of particular strategic importance. Bringing our Paraguay farm online marks the start of our commercial operations in South America. The first of our two South American development projects, bringing the Paraguay farm online furthers our goals of achieving 3 exahash per second (EH/s) by the end of the first quarter of 2022 and 8 EH/s by the end of 2022.”
Bakkt Holdings, Inc. (NYSE:BKKT) has announced that Hanover Community Bank is joining its early adopter program to connect to Bakkt’s cryptocurrency platform, giving “;the Bank’s customers access to bitcoin and Ethereum (ETH) through the Bank’s mobile banking app.” Sheela Zemlin, Chief Revenue Officer, Bakkt, commented:
“We’re seeing the increased momentum of cryptocurrency interest and adoption among a large cross-section of the consumer population. Bakkt’s partners like Hanover Bank are intent on lowering the barrier to entry for their clients to enjoy this new asset class. It’s undeniable that cryptocurrency has catapulted itself to prime time and grown its sphere of influence to include more than early adopters; this is going mainstream. It’s an exciting time for Bakkt to introduce new and innovative options, so that anyone can participate in this burgeoning economy.”
Digihost Technology Inc. (NasdaqCM:DGHI) has shared its unaudited Bitcoin production updates for the month ended January 31, 2022. Highlights include the mining of approximately 62.58 BTC (worth about $26.9 million USD) in the month, and total Ethereum holdings of 1,000.89 ETH ($2.7 million USD). The company’s CEO Michel Amar said:
“;Digihost is very pleased to announce the continuation of our strong operating performance for the first month of 2022, resulting in an 86% increase in coins mined compared to January 2021. Over the course of 2022 the Company will adhere to its plan to increase mining capacity through the expansion of mining infrastructure coupled with the acquisition of the latest generation miners, while continuing to be a low-cost producer of Bitcoin.”
Sam Mowers, Investorideas
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