Vancouver, Kelowna, Delta, BC – August 2, 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.
The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 870: Stocks discussed: (NasdaqGS: HUT) (NasdaqGM: BITF) (NasdaqCM: DGHI)
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGS:HUT) (NasdaqGM:BITF) (NasdaqCM:DGHI)
Hut 8 Mining Corp. (NasdaqGS:HUT) has signed a partnership with Foundry Digital LLC, a digital asset infrastructure-focused subsidiary of Digital Currency Group Inc. Hut 8, according to the press release, “will support multiple lines of business for Foundry,” providing the latter with cloud services. Jaime Leverton, CEO of Hut 8, commented:
“We are delighted to welcome Foundry, who we’ve long supported through their digital asset mining pool, to our high performance computing data centre in Mississauga, Ontario. Foundry is a leader in the digital asset industry, and we look forward to enabling their continued growth with cutting-edge infrastructure.”
Bitfarms Ltd. (NasdaqGM:BITF) has posted a Bitcoin (BTC) production and mining operations update for July 2022. Highlights include the mining of 500 new BTC (16.1 BTC mined daily on average), and 3.8 EH/s online as of the month’s end. Ben Gagnon, the company’s Chief Mining Officer, said:
“In July we completed The Bunker Phase 2, reached full production at Leger, and added new production in Washington state, increasing total capacity by 21% to 166 megawatts (MW). We partially offset new miner installations at this location with miner redeployments resulting in growth in our hashrate to 3.8 exahash (EH/s), up 6% from 3.6 EH/s at the beginning of July. Unseasonably high temperatures in Quebec and Washington state late in the month also slightly lowered miner productivity and affected our corporate hashrate. With cooler temperatures and the completion of remaining miner redeployments, as well as the installation of new miners, we expect our hashrate will exceed our 4 EH/s target in August.”
Digihost Technology Inc. (NasdaqCM:DGHI) has announced its unaudited comparative BTC production results and an operations update for the month ended July 31, 2022. Highlights include the production of 64.17 BTC, Ethereum (ETH) holdings of 1,000.89, and a total digital asset inventory value of approximately $6.82 million at the month’s end. The company has also commenced construction and the development of the facilities build-out at its Alabama site, with the aim of “bringing the property to a hashing capacity of 28 MW by the end of the third quarter of 2022.”
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
About Investorideas.com – News that Inspires Big Investing Ideas
Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors. Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns: Crypto Corner, Play by Play sports and stock news, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast, Cleantech and Climate Change, Exploring Mining, Betting on Gaming Stocks Podcast and the AI Eye Podcast.
The Investorideas.com podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts and most audio platforms available.
Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Donate to support great investing content available to everyone