Vancouver, Kelowna, Delta, BC – April 7, 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 811: Stocks discussed: (NasdaqCM: MARA) (NasdaqCM: HIVE) (NasdaqCM: BTBT)
Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:HIVE) (NasdaqCM:BTBT)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has announced its intention to transition its bitcoin (BTC) miners from the facility in Hardin, MT to new locations with more sustainable and non-carbon emitting sources of power. This follows an announcement from the company last year, indicating its goal to make its mining operations 100 percent carbon neutral by year-end 2022. Fred Thiel, Marathon’s Chairman and CEO, explained:
“To achieve that goal, we have endeavored to ensure our miners are as sustainably powered as possible. With the majority of our fleet already scheduled to be deployed at renewable power facilities and deployments currently underway, we believe it is an appropriate time to transition our legacy operations away from fossil fuel generation and towards more sustainable sources of power. We will therefore be moving our miners from Hardin, Montana to new locations that are more in line with our current strategy of deploying behind the meter at sustainable power stations.”
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has shared the production figures from its global Bitcoin and Ethereum (ETH) mining operations for the month of March 2022. Highlights include the production of 278.6 BTC, 2,459 ETH, 2.0 Exahash of Bitcoin mining capacity, and 4.58 Terahash of Ethereum mining capacity (as of the start of March). Aydin Kilic, President & COO of HIVE, said:
“We continue to strive for operational excellence, ensuring that as we scale our hashrate as a company we also optimize our uptime, to ensure ideal Bitcoin and Ethereum output figures. We also would like to provide an update on the BTC and ETH equivalency, where one can equate value of the coins produced daily. As such the ETH that HIVE produced during the month of March, equated daily, is approximately equal to a monthly total of 168.8 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 278.6 BTC produced from our Bitcoin mining operations during March, for a total of 447.4 Bitcoin equivalent.”
Bit Digital, Inc. (NasdaqCM:BTBT) has announced a revised agreement with hosting partner, Compute North LLC, wherein the term of a previous agreement is extended for an additional 5 years and provides for approximately 6.5 MW of hosting capacity for 2,000 miners. Additionally, the previously hosted equipment will be upgraded to new Bitmain Antminer S19j Pro miners.
Sam Mowers, Investorideas
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