Vancouver, Kelowna, Delta, BC – May 3, 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 828: Stocks discussed: (NasdaqCM: RIOT) (TSXV: NDA) (NasdaqCM: FTFT)
Bitfarms Shares April Production and Mining Update, BIGG Digital Assets and Cathedra Bitcoin Announces 2021 Financial Results
Stocks discussed: (NasdaqCM:RIOT) (TSXV:NDA) (NasdaqCM:FTFT)
Riot Blockchain, Inc. (NasdaqCM:RIOT) has announced its production and operations update for April 2022. Highlights include the production of 508 Bitcoin (BTC) – an increase of around 150 percent over the 203 BTC produced in April 2021, and a deployed fleet of approximately 46,375 miners, with a hashrate capacity of 4.7 exahash per second. The company’s CEO, Jason Les, said:
“April marks yet another incredible milestone for Riot, with the announcement of the Company’s 1 gigawatt (GW) Expansion in Navarro County, Texas. Our ability to source and manage this second significant expansion opportunity in Texas exemplifies the Company’s partnership-driven approach with all stakeholders, including the Company’s business partners, ERCOT, and all levels of government, to commit to sustainable economic development. We are excited to build upon our demonstrated ability to develop high-quality, large-scale digital infrastructure, leveraging our experienced employee base and opening the doors to new jobs and economic opportunities in Navarro County.”
Neptune Digital Assets Corp. (TSXV:NDA) has reported its quarterly consolidated financial statements and management, discussion and analysis for the three and six months ended February 28, 2022. According to the press release, the company earned $3,455,955 “through Bitcoin mining and other income-generating activities,” in the quarter, and ended the quarter “with $62 million in assets and no debt.” Cale Moodie, Neptune’s CEO, commented:
“In spite of a pullback in cryptocurrency values from the first quarter, Neptune had a strong second quarter with a doubling in gross earnings. We have received another 53 petahash in mining rigs which are currently warehoused in the USA and those will be hashing as soon as possible. We hope to take advantage of any market weakness with our cashed-up balance sheet in terms of both rig acquisitions and general token purchases, all while appropriately managing market risk and exposure.”
FTFT SuperComputing Inc., a wholly-owned subsidiary of Future FinTech Group Inc. (NasdaqCM:FTFT), has signed an Electricity Sales and Purchase Agreement with Champion Energy Services, LLC, wherein the latter will provide 15.58 MW of electricity for the development of the former’s planned cryptocurrency farm in Northwest Ohio. Kai Xu, Chief Inspector of Future FinTech’s Blockchain Division, said:
“We are pleased to have entered into this agreement to obtain the needed power supply to enable us to develop a cryptocurrency mining farm in the US. Our strategic plan for this business segment is to develop cryptocurrency mining farms in different regions of the world and accelerate their deployment by using our own capabilities or through cooperation agreements with strong partners. We believe that the planned cryptocurrency farm in Ohio will be successful and will meet the goals that we have set out for it.”
Sam Mowers, Investorideas
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