Vancouver, Kelowna, Delta, BC – March 8, 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 789: Stocks discussed: (NasdaqCM: HIVE) (NasdaqGS: ARBK) (TSXV: DMGI)
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Stocks discussed: (NasdaqCM:HIVE) (NasdaqGS:ARBK) (TSXV:DMGI)
HIVE Blockchain Technologies Inc. (NasdaqCM:HIVE) has reported the production figures from its global Bitcoin (BTC) and Ethereum (ETH) mining operations for the month of February 2022. Highlights include the production of 244.4 BTC, 1,814 ETH, and a Bitcoin HODL balance of 2,374. The company’s President and COO, Aydin Kilic, 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. Mr. Kilic continued, “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 February, equated on a daily basis, is approximately equal to a monthly total of 132.6 BTC, which we refer to as Bitcoin equivalent or BTC equivalent. This is in addition to the 244.4 BTC produced from our Bitcoin mining operations during February, for a total of 377.1 Bitcoin equivalent.”
Argo Blockchain (NasdaqGS:ARBK) has provided an operational update for the month of February 2022. In the month, the company mined 135 Bitcoin or Bitcoin Equivalent, and increase from the 172 BTC mined in the previous month, and reported a monthly revenue of $5.58 million, down from $7.10 million in January. Argo’s CEO and Interim Chairman, Peter Wall, said:
“During February, we have experienced exceptional weather conditions and are hopeful that these are behind us. Regardless of this, we have continued to ensure that Argo is set to grow and deliver on its intended objectives for the forthcoming year. The Company’s recent appointment of Raghav Chopra as an independent non-executive director, continued progress with construction of the Helios facility, and the supply agreement we have signed with Intel are testaments to the fact that we are on the right track to achieving our goals for the year.”
DMG Blockchain Solutions Inc. (TSXV:DMGI) has released select preliminary revenue guidance for its first fiscal quarter, the three-month period ending Dec. 31, 2021. The company is estimated to have produced 175-180 BTC in the quarter, representing a 260 percent gain over the previous quarter’s production of 47-50 BTC. DMG’s CEO Sheldon Bennett explained:
“This is an important quarter for DMG as it marks the first where the company is deriving significant revenue from its investment in self mining and a new fleet of crypto mining equipment. Our strategy to move from a primarily hosting focused company to greater focus on self-crypto mining is progressing well with approximately 50% of our purchased exahash in place and running now. Along with our Core strategy gains, our Core+ team has made significant progress in software platforms over Q1. Our pooling software is continuing to find blocks in line with expected luck and we are continuing to work on other platforms to help diversify DMG’s revenue.”
Sam Mowers, Investorideas
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