Vancouver, Kelowna, Delta, BC – October 3, 2022 (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 889: Stocks discussed: (NasdaqGM: BITF) (NasdaqCM: FTFT) (TSXV: DMGI)
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Stocks discussed: (NasdaqGM:BITF) (NasdaqCM:FTFT) (TSXV:DMGI)
Bitfarms Ltd. (NasdaqGM:BITF) has posted its Bitcoin (BTC) production and mining operations update for September 2022. Highlights include the mining of 481 BTC, and 4.2 EH/s of hashrate capacity online as of September 30, – an increase of 180 percent from September 2021. In fact, the firm has surpassed its full year 2021 production in the first nine months of 2022, having already mined 3,733 BTC YTD. Geoff Morphy, President and COO of Bitfarms, added:
“Accomplishing a significant milestone in early September, we initiated production in Rio Cuarto, Argentina with our first 10-megawatt (MW) module. As of September 30, we installed 1,751 miners at this location and have pending 3,000 miners at Argentina Customs slotted to add to production throughout Q4 2022. During the month, we also began construction at our second 50 MW warehouse in Rio Cuarto, which is on target to be completed during Q2 2023.”
FTFT UK Limited, a wholly-owned subsidiary of Future FinTech Group, Inc. (NasdaqCM:FTFT), announced that it has closed on the acquisition of money transfer company Khyber Money Exchange Ltd. Future FinTech’s CEO, Shanchun Huang, said:
“We are pleased with the completion of the acquisition of Khyber Exchange since it further extends our fintech footprint and reach. Further, we believe that the acquisition will play an important role in the strategic transformation of the Company and that it lays a foundation for the internationalization of our business and income. Our objective is to become a diversified fintech enterprise that leverages current opportunities and integrates them into a comprehensive business platform.”
DMG Blockchain Solutions Inc. (TSXV:DMGI) has announced that it has been onboarded and is now actively trading on the Bosonic Network, a decentralized financial market infrastructure (dFMI) company. This enables DMG to exchange its Bitcoin to fiat currency “at a lower cost with lower risk versus traditional exchanges.” Sheldon Bennett, DMG’s CEO, said:
“The Bosonic Network connects our custodian directly to institutional buyers with no intermediaries and offers a unique, real-time clearing and settlement infrastructure for digital asset trading. DMG has tested the exchange with over two million dollars of bitcoin sold over the past few months, and we are very happy with the results.”
Sam Mowers, Investorideas
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