Vancouver, Kelowna, Delta, BC – March 17, 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 796: Stocks discussed: (NasdaqCM: RIOT) (NasdaqGS: HUT) (NasdaqGM: BITF)
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Stocks discussed: (NasdaqCM:RIOT) (NasdaqGS:HUT) (NasdaqGM:BITF)
Riot Blockchain, Inc. (NasdaqCM:RIOT) has posted its financial highlights and results for the full year ended December 31, 2021. Highlights include a total revenue of $213.2 million – up 1,665 percent from the $12.1 million recorded in the previous year, and a total of 4,884 Bitcoin (BTC) held on its balance sheet. Jason Les, CEO of Riot, commented:
“We are pleased to report that 2021 was a record financial year for the Company. 2021 was also a transformative year, with the Company emerging as a vertically-integrated industry leader in Bitcoin mining. Riot is extremely well-positioned for the future with demonstrated access to low-cost infrastructure, a world-class digital infrastructure development team, highly-specialized in-house engineering capabilities, industry-leading utilization of cutting-edge immersion-cooling technology, increasing hash rate and a strong balance sheet. As part of our strategy in 2022, the Company will continue to leverage its industry-leading position and focus on driving operational, technological and financial improvements that are expected to deliver results for our shareholders.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has announced its financial results for the year ended December 31, 2021. This includes a record-breaking revenue of $173.8 million, the mining of 2,786 Bitcoin, and the achievement of an installed hashrate of approximately 2.0 EH/s. The company’s CEO, Jaime Leverton, explained:
“2021 was truly a transformational year at Hut 8, complemented by considerable growth. In pursuing a diversified strategy, we have differentiated ourselves from our peer group and in doing so, have become the only company in North America to both mine digital assets while building on our traditional infrastructure business to support companies in Web 3.0 and the Metaverse.”
Bitfarms Ltd. (NasdaqGM:BITF) has announced the commencement of production at The Bunker, located in Sherbrooke, Quebec. The Bunker, according to the press release, “is expected to be a 48 MW facility housing 13,000 miners, anticipated to deliver 1,300 petahash per second (PH/s).” Emiliano Grodzki, CEO of Bitfarms, said:
“Timely construction and miner deployments are key factors to achieving our 3 exahash per second (EH/s) goal. Energizing The Bunker moves us one step closer to meeting that target. Rapid deployment of mining assets is underway, and The Bunker is presently operating at 300 petahash. With an additional 1,000 miners contemporaneously being redeployed in Paraguay, this brings our total current hashrate to 2.7 EH/s, which is a 17% increase since the beginning of March. The Bunker, along with our nearby Leger location, will contribute a substantial boost to our goal of achieving 3 EH/s for early Q2-2022.”
Sam Mowers, Investorideas
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