Vancouver, Kelowna, Delta, BC – December 16, 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.
Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/
Listen to today’s Crypto Corner Podcast:
Crypto Corner Podcast 910: Stocks discussed: (NasdaqCM: CLSK) (NasdaqGM: BITF) (NasdaqCM: ANY)
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Stocks discussed: (NasdaqCM:CLSK) (NasdaqGM:BITF) (NasdaqCM:ANY)
CleanSpark, Inc. (NasdaqCM:CLSK) has reported its financial results for the three and twelve months ended September 30, 2022. Fiscal year highlights include revenues of $131.5 million – a significant increase from $39.3 million in year prior, however the company sustained a net loss for the year of $57.3 million. Q4 revenues were $26.2 million. CleanSpark boasts a current hashrate in excess of 5.8 EH/s and a daily mining high of 21.7 Bitcoin (BTC). CEO Zach Bradford commented:
“Our business model and capital strategy continue to be standouts in our industry. Despite macro headwinds in the economy and bitcoin mining industry, our infrastructure first approach and financial discipline have allowed us to grow in this bear market. We continue to execute our business plans with best-in-class efficient mining operations and by identifying potential accretive acquisitions while maintaining very little leverage on our balance sheet. This team continues to exceed my expectations and I’m so proud of them.”
Bitfarms Ltd. (NasdaqGM:BITF) has completed the sale of its de la Pointe property, for which it received $3.6 million USD in net proceeds. The company’s COO, Geoff Morphy, explained:
“After an extensive due diligence and competitive process, Societe de transport de Sherbrooke (STS) emerged as the successful bidder to acquire this facility, and it’s gratifying that Sherbrooke’s transportation agency can utilize our electrical infrastructure with green power generated by Hydro Quebec and supplied by Hydro Sherbrooke to meet the needs of the community. We are also pleased that we could close our de la Pointe facility and build-out our new locations ahead of schedule, important milestones to us and Sherbrooke’s local residents.”
Sphere 3D Corp. (NasdaqCM:ANY) has posted results of its Bitcoin mining operation for the month ending November 30, 2022. Highlights include the production of 10.28 BTC – with total Bitcoin holdings of 90.34 at the month’s end, and an operational efficiency of 105.2 BTC/EH. Patricia Trompeter, CEO of Sphere 3D, said:
“On a macro level, our focused strategy will ensure the Company is well situated to capitalize on our increased production capacity when the market recovers. The coming month will be transformative as we secure our position in the starting blocks for 2023.”
Sam Mowers, Investorideas
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse(TM), its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.
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