Point Roberts, WA and Delta, BC – December 3, 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 728: Stocks discussed: (NasdaqCM: MARA) (NasdaqCM: RIOT) (NasdaqCM: HIVE)
Stocks discussed: (NasdaqCM:MARA) (NasdaqCM:RIOT) (NasdaqCM:HIVE)
Marathon Digital Holdings, Inc. (NasdaqCM:MARA) has published its unaudited bitcoin (BTC) production and miner installation updates for November 2021. The company mined 196 bitcoins in November, down from 417.7 the previous month. The decrease is attributed to maintenance and upgrades to a power generating station. Fred Thiel, Marathon’s CEO, explained:
“During the month, we performed several important upgrades to the power plant in Hardin, MT, including cleaning out nearly 400 tons of particulate matter that had been negatively impacting the plant’s ability to consistently generate power. While these upgrades caused our miners in Hardin to operate below capacity in November, which negatively impacted our bitcoin production for the month, we believe they were necessary in the near-term and will be beneficial in the long-run. With the plant and approximately 29,000 miners at Hardin back online, we produced approximately 34 bitcoin on December 1st alone.”
Riot Blockchain, Inc. (NasdaqCM:RIOT) has shared its monthly BTC production and operations updates for November 2021. Highlights include the production of 466 BTC – up about 298 percent over its November 2020 production of 117 BTC, and the company boasts a deployed fleet of approximately 29,095 miners, with a hash rate capacity of 3.0 exahash per second. According to the press release, Riot anticipates a total self-mining hash rate capacity of 9.0 EH/s by Q4 2022.
HIVE Blockchain Technologies Ltd. (NasdaqCM:HIVE) has announced production figures from its global Bitcoin and Ethereum (ETH) mining operations for the month of November 2021, including a BTC HODL balance of 1,584 Bitcoin as of today. Highlights include the production of 218 BTC with $13.2 million USD in BTC mining revenue, and the production of 2,334 ETH with $10.4 million in ETH revenue. The company’s Executive Chairman, Frank Holmes, said:
“We are very pleased to report HIVE has continued its strong momentum following our record-breaking October production figures; this trend is continued in our November production where HIVE is again generating over $280M USD in annual revenue on a run-rate basis using November figures, or approximately $350M CAD.”
Sam Mowers, Investorideas
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