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Crypto Corner Podcast 925: Stocks discussed: (NasdaqCM: RIOT) (OTC: CORZQ) (TSXV: CBIT) SHARE PODCAST:
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Stocks discussed: (NasdaqCM:RIOT) (OTC:CORZQ) (TSXV:CBIT) Riot Platforms, Inc. (nasdaqcm:riot ) has announced its unaudited production and operations updates for January 2023. Highlights include the production of 740 Bitcoin (btc ) - up 62 percent over the 458 BTC produced in January 2022, a deployed fleet of 82,656 miners, with a hash rate capacity of 9.3 exahash per second, and the holding of 6,978 BTC as of January 31, 2023. The company's CEO, Jason Les, said:
'I am proud to announce that Riot's track record with month-over-month increases in total Bitcoin production continued, with a new all-time high of 740 Bitcoin produced in January. Despite a reduction in our deployed fleet and hash rate capacity driven by recent damage to our Rockdale Facility, Riot has continued to deliver new record highs, mining more Bitcoin in January than in any month prior.'
Core Scientific, Inc. (otc:corzq ) has also posted its production and operational updates for the month of January. Highlights there include the production of 1,527 BTC, and the operation of about 206,000 ASIC servers for both colocation and self-mining, making for a total of 21.1 EH/s at its data center facilities in Georgia, Kentucky, North Carolina, North Dakota and Texas. The company's aforementioned colocation services, combined with its technology and operating support for roughly 40,000 customer-owned ASIC servers, produced around 471 BTC in January.
Cathedra Bitcoin Inc. (tsxv:cbit ) has recently entered into a hosting agreement under which it will deploy the last of its new machines, consisting of 490 Bitmain Antminer S19J Pro and 50 Bitmain Antminer S19 XP machines, at a third-party data center in Kentucky. According to the press release, the agreement is good for an initial term of 12 months, and the machines are expected to be deployed by mid-February 2023. AJ Scalia, Cathedra's CEO, said:
'Upon completing these final deployments, our active fleet will consist of over 4,400 latest-generation machines producing over 378 PH/s of hash rate using underclocked settings to maximize our operating margins. We will have delivered hash rate growth of approximately 425% since new management joined the Company in Q4 2021 (with hash rate of approximately 72 PH/s), compared to 103% hash rate growth for the bitcoin network over the same period.'
Sam Mowers, Investorideas
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Podcast sponsor:
AppTech Payments Corp. (nasdaqcm:apcx ) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. CommerseTM, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today's commerce experiences. For more information, visit apptechcorp.com .
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