Vancouver, Kelowna, Delta, BC – April 6, 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 810: Stocks discussed: (NasdaqCM: RIOT) (NYSE: BKKT) (TSXV: CSTR)
Riot Shares March Results, Bakkt Selected by American Bank for Crypto Solution, and CryptoStar Announces Expansion of Quebec Operations and Self-Mining Hashrate
Stocks discussed: (NasdaqCM:RIOT) (NYSE:BKKT) (TSXV:CSTR)
Riot Blockchain, Inc. (NasdaqCM:RIOT) has shared a production and operations update for the month of March 2022. Highlights include the production of 511 Bitcoin (BTC) – up 176 percent from March 2021, as well as a deployed fleet of roughly 42,919 miners, with a hash rate capacity of 4.3 exahash per second. Jason Les, CEO of Riot, commented:
“I am proud of the Riot team for producing a record amount of Bitcoin during the month of March. These results demonstrate the advantages of employing a vertically integrated strategy, which provide the Company with more control over miner deployment and the ability to implement engineering solutions in real-time, leading to improved operational and financial efficiencies.”
Bakkt Holdings, Inc. (NYSE:BKKT) has been selected by American Bank for its Bakkt crypto connect solution, so as to enable the bank customers “to buy, sell and hold the two largest cryptocurrencies by market capitalization, bitcoin and Ethereum [ETH].” Sheela Zemlin, Chief Revenue Officer, Bakkt, explained:
“Consumer saving and investing habits ebb and flow constantly, but more than ever we’re seeing consumer intrigue and interest in cryptocurrency grow. Research has indicated that consumers would prefer to access crypto from their existing bank, and we’re excited American Bank is partnering with Bakkt to provide customers a simple on-ramp to cryptocurrency within their trusted bank relationship. American Bank shares our view that banks have a short window measured in months or quarters to execute on their crypto strategies or risk being left behind.”
CryptoStar Corp. (TSXV:CSTR) has announced an expansion of its self-mining Hashrate and operations in Quebec, Canada. According to the press release, the company “successfully redeployed 88% of its ASIC self-mining Hashrate equating to 44.35 PH/s and 52% of its GPU self-mining Hashrate equating to 39.16 MH/s from ASIC and GPU miners that were relocated from Alberta, Canada [to] its data centres in Quebec, Canada.” As of April 5, 2022, CryptoStar holds 538.38 ETH, 86.72 BTC and $2.7 million USD in cash.
Sam Mowers, Investorideas
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