Point Roberts, WA and Delta, BC – September 2, 2021 (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 666: Stocks discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (TSXV: CSTR)
Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:HUT) (TSXV:CSTR)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has announced an expanded collaboration with NYDIG (New York Digital Investment Group) to provide members of Marathon’s Bitcoin mining pool, MaraPool, with easy access to NYDIG’s “comprehensive and institutional-grade services for Bitcoin miners.” Fred Thiel, Marathon’s CEO, explained:
“NYDIG has been an important collaborator of ours, providing a variety of treasury management and trading services, including facilitation of the purchase of 4,812.66 bitcoins in January. NYDIG’s team shares our passion for professionalizing and institutionalizing the Bitcoin mining industry in the U.S., and by collaborating with NYDIG on our mining pool, we have enabled all members of our pool to have access to the same world class solutions and expertise from which Marathon has benefitted.”
Hut 8 Mining Corp. (NasdaqGS:HUT) has published a production update for the month of August 2021. Highlights include the mining of 326 Bitcoin (BTC) (an average of 10.5/day), and the delivery and installation of 1,025 new MicroBT mining machines, which adds 92 PH/s to the company’s production rate. Hut 8’s CFO, Shane Downey, said:
“We are pleased with another strong month from an operations perspective, with our Alberta-based team working to both optimize existing equipment, while continually bringing new miners online. Specifically, we are excited to have begun the installation of NVIDIA cryptocurrency mining processors (“CMPs”). We remain encouraged that our previously announced strategy of mining the Ethereum network with these CMPs, while settling in Bitcoin, will provide compelling economics, with a total cost per Bitcoin expected to be under CAD$3,000.”
CryptoStar Corp. (TSXV:CSTR) has executed an equipment hosting agreement with a U.S. based company, effective September 1, 2021, for 10 megawatts (MW) of mining capacity to be deployed in Alberta, Canada. President and CEO David Jellins said:
“We are delighted that the Alberta Customer has selected CryptoStar as its hosting provider. We are looking forward to providing hosting services to the Alberta Customer and we anticipate that this will be the beginning of a long term and mutually beneficial relationship. We are seeing unprecedented levels of demand for power and cryptocurrency mining hosting solutions from international mining organizations, and we are looking forward to taking full advantage of our power supply agreement in Alberta, Canada at amongst the lowest power rates available in North America.”
Sam Mowers, Investorideas
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