Vancouver, Kelowna, Delta, BC – September 19, 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 884: Stocks discussed: (NasdaqGM: BITF) (NasdaqGS: APLD) (NYSEAmerican: NILE)
Get the Crypto Corner Podcast on iTunes
Get the Crypto corner on Spotify
Stocks discussed: (NasdaqGM:BITF) (NasdaqGS:APLD) (NYSEAmerican:NILE)
Bitfarms Litd. (NasdaqGM:BITF) has announced that its hashrate has exceeded the 4 exahash per second (EH/s) milestone as it commenced production at the first of two 50-megawatt (MW) warehouses under development in Argentina. The company boasts a total corporate capacity of 176 MW, with a goal of getting the aforementioned 50 MW energized by December 31, 2022. Geoff Morphy, President and COO of Bitfarms, said:
“With attractive electricity pricing established last year under an 8-year private party power contract, both facilities are expected to lower overall energy costs for our portfolio, despite rising commodity costs in the energy market. The initial production in our new farm in Rio Cuarto combined with refinements at some of our Quebec and Washington farms also pushed actual production past 4.1 EH/s.”
Applied Blockchain, Inc. (NasdaqGS:APLD) has announced the groundbreaking of its 180-megawatt (MW) hosting facility in Ellendale, North Dakota, which occurred on September 8, 2022. This facility in Ellendale is the company’s third next-generation datacenter, and the second in North Dakota. Applied Blockchain’s Chairman and CEO, Wes Cummins, said:
“The community of Ellendale and representatives of North Dakota have been amazing to work with as we bring this next facility to life. Having the new 180MW facility located close to significant wind power capacity will allow it to be powered with renewable energy to further propel future high performance computing solutions for global enterprises and applications. The entire capacity of this facility is already under contract, demonstrating the significant demand we continue to have for our hosting services.”
BitNile Holdings, Inc. (NYSEAmerican:NILE) has shared projections on its expected Bitcoin (BTC) mining production levels. According to the press release, the company “expects to have 7,500 miners at its Michigan data center and 6,500 miners at the Texas facility hosted by Computer North, LLC installed by the end of September 2022.” BitNile then “expects to increase its average daily mining production to approximately 4.7 Bitcoin per day by the end of September 2022,” and “9.33 Bitcoin per day by the end of December 2022.” The firm’s Executive Chairman, Milton “Todd” Ault, III, said:
“As the market has experienced a crypto winter, our investment in the Michigan data center and our positive relationship with Bitmain allow us to have confidence in our long-term plans regarding Bitcoin mining. Our recent purchase of additional Bitcoin mining equipment demonstrates our belief in the long-term outlook for Bitcoin. The plan to grow our Bitcoin mining operations is clear, and it is rewarding to see the team continue to deliver on the goal of timely installation of new Bitcoin miners as they arrive at our Michigan data center and the Texas hosted facility.”
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/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
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