Vancouver, Kelowna, Delta, BC – June 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 849: Stocks discussed: (NasdaqGS: CORZ) (NasdaqGS: ARBK) (NasdaqCM: MIGI)
Stocks discussed: (NasdaqGS:CORZ) (NasdaqGS:ARBK) (NasdaqCM:MIGI)
Core Scientific, Inc. (NasdaqGS:CORZ) has announced its production and operational updates for the month of May 2022. Highlights include the production of over 1,138 bitcoins (BTC), as well as the operating of its own fleet of more than 90,000 ASICs servers, producing 9.2 EH/s. The company’s CEO, Mike Levitt, commented:
“We are now operating over 170,000 high-performance ASICs servers in our five data centers and produced 1,138 bitcoins for our own account in May, more than any other public company in North America. Our scale and balance sheet provide the flexibility to continue to invest in our growth and pursue opportunities that may arise from the recent market and industry dislocation.”
Argo Blockchain (NasdaqGS:ARBK) has also posted an operational update for May. Highlights include the mining of 124 Bitcoin or Bitcoin Equivalents, the holding of 2,379 Bitcoin, and mining revenue of $3.89 million USD for the month. The company’s CEO, Peter Wall, said:
“We have officially commenced mining at our new facility, Helios, ahead of schedule, bringing to fruition months of hard work and planning. The team expected minor issues and downtime as we brought systems online, but we’ve completed 25% of the machine swap with Core Scientific and installed an additional 300 PH/s, increasing our total hashrate capacity to 1.9 EH/s.”
Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced that it will become a 33 percent shareholder in Tasmania Data Infrastructure Pty Ltd (TDI). The latter, according to the press release, is developing “a large-scale, 100 percent renewable energy Bitcoin Mining facility at the Que River Mine Site in Tasmania, Australia with up to 35 megawatts of energy infrastructure available for Bitcoin Mining in Q3, 2022,” where “Mawson will … have the right to host up to 10MW of its own Bitcoin Mining infrastructure.” James Manning, CEO and Founder of Mawson, said:
“The team at TDI are rapidly developing a high-quality, large-scale Bitcoin Mining facility in Tasmania, where the climate is ideal and the energy profile being 100% renewable is also very attractive. By exchanging a portion of our ASIC Bitcoin Mining fleet for an equity position in TDI, we have continued to demonstrate our capital discipline whilst obtaining a meaningful equity position in one of Australia’s largest emerging, 100% renewable energy Bitcoin Miners. We are looking forward to their initiation of mining activities in Q3, 2022 and expansion beyond.”
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