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Crypto Corner Podcast 653: Stocks discussed: (NasdaqCM: MARA) (NasdaqGM: CAN) (OTCQB: MIGI) (NasdaqCM: HVBT)

Point Roberts, WA and Delta, BC – August 13, 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/2021/081321-CryptoMarket.mp3

Crypto Corner Podcast 653: Stocks discussed: (NasdaqCM: MARA) (NasdaqGM: CAN) (OTCQB: MIGI) (NasdaqCM: HVBT)

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Stocks discussed: (NasdaqCM:MARA) (NasdaqGM:CAN) (OTCQB:MIGI) (NasdaqCM:HVBT)

Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has reported its financial results for the second quarter ended June 30, 2021. Highlights include a total revenue of $29.3 million – up 220 percent from the $9.2 million posted in Q1, and the production of 654 newly minted bitcoins (BTC). Fred Thiel, Marathon’s CEO, commented:

“In the second quarter of 2021, we continued to effectively scale our operations by increasing our hash rate 196% sequentially from 0.7 EH/s at the end of the first quarter to approximately 2.09 EH/s by the end of June. As a result, we produced 654 bitcoins in the second quarter. Those figures are continuing to improve in the third quarter as we produced 442.2 bitcoins in the month of July alone, despite our miners being offline for five days to accommodate scheduled maintenance and an annual inspection of our facilities. As of August 12, we have now produced approximately 1,441 bitcoins year-to-date, and our total amount of bitcoins held has increased to 6,378.”

Canaan Inc. (NasdaqGM:CAN) has received a purchase order for 17,352 bitcoin mining machines with an aggregate operating hash power of 1.5EH from Mawson Infrastructure Group, Inc. (OTCQB:MIGI). Canaan’s Chairman and CEO, Nangeng Zhang, said:

“We are pleased to further enhance our partnership with Mawson. With potent computing performance, we are bringing our next-generation mining solutions to a growing cohort of renowned international miners. Meanwhile, by strengthening our supply chain management, we have also secured our production capacity and ensured the timely delivery of our products to support our clients in their mining capacity expansions. Looking ahead, we will remain focused on our growth strategies for overseas advancement, R&D investment, and supply chain cultivation to augment the sustainability of our business development.”

HIVE Blockchain Technologies Ltd. (NasdaqCM:HVBT) has ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies Ltd. with an aggregate hash power of 180 Petahash per second (PH/s). The company’s Executive Chairman, Frank Holmes, said:

“We are constantly upgrading our ASIC fleet to have the most efficient miners we can buy from cash flow. This purchase with Bitmain enables us to maintain our strategy to diversify the manufacturers we purchase from. Over the past year, we have been expressing our concerns about global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19. We have deep relationships with Bitmain, MicroBT and Canaan which are all top global manufacturers in our industry.”

Sam Mowers, Investorideas

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