Vancouver, Kelowna, Delta, BC – May 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.
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 827: Stocks discussed: (NasdaqGM: BITF) (CSE: BIGG) (TSXV: CBIT)
Bitfarms Shares April Production and Mining Update, BIGG Digital Assets and Cathedra Bitcoin Announces 2021 Financial Results
Stocks discussed: (NasdaqGM:BITF) (CSE:BIGG) (TSXV:CBIT)
Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update for the month of April 2022. Highlights include the mining of 405 new BTC – an increase of 75 percent over April 2021, a 3.3 EH/s hashrate capacity online, and 5,646 BTC in custody as of April 30, 2022. The company’s CEO, Emiliano Grodzki, explained:
“In early April, we surpassed our 3 exahash per second goal (EH/s) with the start of production at our Leger farm, our ninth operating facility. This momentum continued throughout the month, with new miner installations driving our hashrate to over 3.3 EH/s at month-end, up 22% from 2.7 EH/s at the end of March. This incremental capacity helped drive our average daily production in April to 13.5 BTC/day, up 15% from 11.7 BTC/day in March, and I’m proud to say we exited April running at over 14 BTC/day.”
“We continue to be on track to complete the build out of Leger in May, as well as the second phase of construction at The Bunker in June. These activities are intended to bring on incremental capacity of 32 MW and, in conjunction with ongoing miner installations, are expected to add approximately 640 petahash per second (PH/s) to our online hashrate.”
Bigg Digital Assets Inc. (CSE:BIGG) has reported its fiscal 2021 financial results. Highlights include a gross operating revenue of $14.1 million USD – up 461 percent Year-over-Year (YoY), and a balance of 575 BTC at the time of the press release. The company’s CEO, Mark Binns, commented:
“2021 was a transformational year for BIGG Digital Assets. Our top line revenue grew 461% to surpass $14M, with both Netcoins and Blockchain Intelligence Group showing excellent product market fit and revenue growth. We also took advantage of the recent Bitcoin price degradation, adding to our holdings throughout 2021, and into 2022, which now sit at over 575 Bitcoin in treasury.”
Cathedra Bitcoin Inc. (TSXV:CBIT) has announced its fourth quarter and full-year audited financial results for 2021. Some key highlights include a 660 percent YoY increase in total revenue to $7.8 million, and the mining of 120.2 BTC. AJ Scalia, CEO of Cathedra, said:
“2021 was a transformative year for Cathedra. We appointed a new leadership team that continues to grow; announced a new corporate mission focused on delivering sound money and abundant energy to humanity; introduced a new name and brand to reflect the new team’s long-term vision; and adopted a new strategy focused on vertical integration and a diversified approach to bitcoin mining. We will continue to build Cathedra Bitcoin into the category-defining business at the intersection of money and energy in 2022 and the decades to come.”
Sam Mowers, Investorideas
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