Home Training Stocks Discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (TSXV: BNXA)

Stocks Discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (TSXV: BNXA)


Vancouver, Kelowna, Delta, BC – July 8, 2022 (Investorideas.com Newswire) Investorideas.com, the leader in crypto and blockchain investment news, brings you today’s edition The Crypto Corner Podcast and commentary on what’s driving cryptocurrency stocks and crypto markets.

The Investor ideas Crypto Corner was named one of the 14 best crypto and blockchain podcasts for June 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

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Crypto Corner Podcast 862: Stocks Discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (TSXV: BNXA)


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Stocks Discussed: (NasdaqCM: MARA) (NasdaqGS: HUT) (TSXV: BNXA)

Marathon Digital Holdings, Inc. (NasdaqCM: MARA) has published unverified bitcoins (BTC) production and miner installation updates for June 2022. Highlights include the production of 707 self-mined bitcoins in the second quarter of 2022, the installation of 29,640 miners at the company’s facilities in Texas, and a total production volume of 10,055 BTC. Fred Thiel, Chairman and CEO of Marathon, explained:

“In Texas, despite repeated assurances that Compute North will deliver power in June, Compute North’s power supplier is still awaiting federal agency confirmation of its tax-exempt status under the Compute North arrangement. Meanwhile, the installation of our miners continues. according to schedule. Texas now has 29,640 miners installed and ready to go, which is roughly 2.9 exohashes per second. Approximately 20,000 of these miners, representing approximately 1.9 exohashes per second, were installed at Compute North’s first major facility, which is located at a wind farm in West Texas.”

Hut 8 Mining Corp. (NasdaqGS: HUT) has placed production and operations update for June 2022. Highlights include mining of 328 bitcoins (10.9 avg. per day), a total bitcoin reserve balance of 7,406 as of June 30, and an installed working capacity of 2.78 EH/s. The company’s CEO, Jamie Leverton, said:

“The team had a successful month in North Bay and will continue to scale over the next few weeks. We are confident that our HODL strategy, combined with uncorrelated recurring earnings from our High Performance Computing business, will allow us to continue to successfully navigate the current market.”

Banxa Holdings Inc. (TSXV:BNXA) has announced some key growth results and product launches for the period ending June 30. This includes enabling local payments in South Africa and signing 16 new partners. Holger Arians, CEO of the company, said:

“Local payments are one of the main reasons our partner ecosystem is so strong and continues to grow. As the only major platform offering local payments in South Africa, we give our partners access to millions of end users looking to purchase digital assets with lower fees than credit cards and higher payment conversions. For Banxa, our payment service allows for increased liquidity in the digital asset space without direct exposure or balance sheet exposure to underlying assets. This is an important milestone for Banxa, our partners and their users.”

Sam Mowers, Investorideas

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