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Crypto Corner Podcast 903: Stocks discussed: (OTC: BFCH) (NasdaqGS: CIFR) (OTC: CONMF)
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get the crypto corner on spotify Stocks discussed: (OTC:BFCH) (NasdaqGS:CIFR) (OTC:CONMF)
BitFrontier Capital Holdings, Inc. (otc:bfch ) has announced that it has started its plan to acquire ASIC Miners US, and is looking to 'wrap up this by the end of January.' ASIC Miners, according to the press release, is a large crypto miner supplier with a diversified line of miners designed to meet the needs of many different sizes of crypto farms, and with total sales surpassing $6 million. The company's President, Bryan Wilkinson, said:
'I know that shareholders are anxious to know each and every plan that we have for the company, a detailed road map by the end of year is set to be released to current and future investors. It is very important to this team that we first build out, then build up.'
Cipher Mining Inc. (nasdaqgs:cifr ) has announced results for its third quarter ending September 30, 2022, and an update on its operations and deployment strategy. Highlights include the mining of 196 Bitcoin (btc ) in the quarter. Tyler Page, CEO of Cipher, explained:
'Against challenging market conditions, we are pleased to announce earnings that demonstrate our resilient position as a low-cost producer of bitcoin, while continuing to complete significant deployment milestones in the completion of our data centers. We brought our Alborz data center up to full mining capacity, and shortly after quarter end, we completed our Bear and Chief data centers. We expect to bring the first 2.3 EH/s of hash rate online this month at our 207-megawatt facility at Odessa.'
CoinSmart Financial Inc. (otc:conmf ) has announced its financial results for Q3 2022. Highlights include a gross revenue of $2.35 million for the quarter, company treasury valued at $10 million, and the acquisition of over 26,000 new registered users during the period. CoinSmart's CEO, Justin Hartzman, said:
'In Q3 markets followed the overall macro trend and showed slight growth in the total market capitalization. Our team continues to execute our plan of focusing on product lines that are market agnostic with the highest margins and preserving treasury while enhancing our product for the next bull run. Q3 was highlighted by the announcement that Coinsquare will be acquiring the assets of our subsidiary Simply Digital Technologies Inc. which operates CoinSmart.com. Together we will have over 1MM users and a diversified product suite of Retail, Institutional, Payment Processing, Custody and more. We are excited to close this transaction in Q4 pending regulatory and shareholder approval and working towards building a market leader in Canada and beyond.'
Sam Mowers, Investorideas
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