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Crypto Corner Podcast 720: Stocks discussed: (NasdaqCM: CLSK) (NasdaqGM: DGHI) (TSXV: IMIN)

Point Roberts, WA and Delta, BC – November 19, 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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https://www.investorideas.com/Audio/Podcasts/2021/111921-CryptoMarket.mp3

Crypto Corner Podcast 720: Stocks discussed: (NasdaqCM: CLSK) (NasdaqGM: DGHI) (TSXV: IMIN)

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Stocks discussed: (NasdaqCM:CLSK) (NasdaqGM:DGHI) (TSXV:IMIN)

CleanSpark, Inc. (NasdaqCM:CLSK) has announced the purchase of an additional 2,597 units of the Antminer S19 bitcoin (BTC) mining machines. This is an addition to the 2,711 rigs already purchased and scheduled for delivery this month, and is expected to increase the company’s hashrate “by over 250 PH/s, a nearly 20% increase of its current hashrate.” Zach Bradford, CEO and President of CleanSpark, commented:

“We continue to take advantage of favorable pricing in the spot market to purchase machines as opportunities present themselves, rather than locking up capital for long periods of time, while we use the standard strategy of future delivery contracts.”

Digihost Technology Inc. (NasdaqGM:DGHI) has shared an unaudited Bitcoin production update for the month ended October 31, 2021. The company produced 41.84 BTC during the month – bringing its total holdings to 494.08 BTC, and received 4,932 new high-performance M30 Bitcoin miners and has “over 1,000 additional Miners in transit to [its] data center.” Digihost CEO, Michel Amar, said:

“The increase in BTC production in October 2021 signifies continued operational success for Digihost and demonstrates the preliminary incremental mining rewards being generated as result of the arrival and deployment of new advanced machines at our data center. With additional miners expected to arrive in the weeks ahead, we will focus on optimizing our mining fleet as older machines are cycled out of production and replaced with cutting-edge models, which should enable us to substantially grow our hashrate and continue our strategy of increasing monthly coin production.”

iMining Technologies Inc. (TSXV:IMIN) has announced that it is enabling the staking and exchange of SOL (Solana’s native token). According to the press release, “SOL staking is a green, eco-friendly way to mine cryptocurrency and gain exposure to DeFi and NFTs.” Khurram Shroff, CEO of iMining, said:

“By building out a wide range of new Solana capabilities on our platform, we are creating more wealth-building tools for our institutional customers, including the ability to stake SOL to earn rewards. We are also looking to increase DeFi and NFT functionalities on our platform through Solana’s high-performing technology, which instantly processes thousands of transactions within a second. We believe we are the first publicly traded company to give exposure of Solana blockchain and the SOL Native Token to investors.”

Sam Mowers, Investorideas

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