Episode Transcript
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Welcome to today's edition of Cryptocorner atInvestorideas dot com, news on what's driving
the cryptocurrency market. Hello everyone,this is Sam Mauers here. Welcome to
the latest episode of the crypto Cornerpodcast. For News Today, cipher Mining
(00:22):
and bit Farms have each posted theirbitcoin production results for the month of June,
and Dighost has provided an update onits operational sustainability initiatives. Just before
we get into the News today,though, a quick reminder that if you
enjoy this podcast to please feel freeto share it or leave us a review.
(00:42):
And as always, I recommend checkingout some of the other podcasts here
on Investorideas dot com. This includesthe Cannabis Podcast, the Cleantech and Climate
Change podcast, and it includes awhole lot more. All of those podcasts
will bring you up to speed onthe latest stock news and trends in their
respective spaces. All right, So, cipher Mining Inc. Which trades on
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the NASDAC under the ticker simple CifR, has posted an operational update for the
month of June twenty twenty three.Highlights there include the mining of three hundred
sixty bitcoin, the selling of threehundred fifty bitcoin and a deployed fleet of
sixty five thousand mining rakes. TylerPage, the company CEO, said the
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following quote. As we continue toexpand our mining capacity, we aim to
deliver operational excellence even in the hotTexas summer. Our team focuses on efficient
optimization of the portfolio, whether thatis through the mix of rigs in use,
under clocking our machines, or sellingpower back to the grid at the
(01:53):
most valuable times. We are alsopleased to announce that we have taken delivery
of all eleven thousand kane On rigsthat we recently purchase, and with the
final build out of the infrastructure inthe next few months, we are well
on track to deliver on our goalof seven point two x a hash per
second by the end of Q threeend quote. Next up bit Farms Limited,
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which trades on the NASDAC under theticker b i TF, has also
posted a bitcoin production and mining operationsupdate for June. The company reported the
production of three hundred eighty nine bitcoin, the selling of three thousand, three
hundred fifty two bitcoin, and thepurchase of six thousand, three hundred ten
bit main s nineteen pro plus snineteen j pro and microbt M fifty s
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plus miners. The company CEO,Jeff Morphy said, quote, deliveries and
installations in Rio Quarto, Argentina continuedon pace, and we remain on track
to expand to our full operating capacityof fifty megawatts in Rio Quarto and achieve
six x a hash per second overallin Q three twenty twenty three. We
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continue to identify opportunities for accurative growthahead of the having in April twenty twenty
four. To this end, weare in the final stages of completing our
acquisition in by Como Quebec. Onceclosed, we are we are positioned to
move quickly with minor developments and expectthe first eleven megawatts of the twenty two
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megawatt by Como expansion to come onlinethis year and quote lastly for today,
digi Host Technology Inc. Which tradeson the NASDAC as DGHI, has provided
an update regarding its green initiatives,operational efficiency and stability, and also its
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bitcoin production results for the month endedJune thirtieth. According to the press release,
digi host aims to mind bitcoin inan efficient and environmentally conscious manner.
Thereby minimizing its carbon footprint. Thecompany entered into an additional New York Independent
System Operator or NYISO level curtailment programthat demands fast acting curtailment of load.
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Digi Hosts Chief Sustainability Officer Luke Marchioricommented on this quote. Developing facilities with
access to abundant, renewable and zeroemissions electricity has always been paramount during site
selection. Participating in the rapid responseNYISO curtailment program as well as being the
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anchor subscriber of a community solar projectnot only conveys our commitment to environmental stewardship,
but also lowers our cost of bitcoinproduction. End quote. That does
it for today's crypto quorum. Ifyou would like to be a guest or
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This podcast was sponsored by AppTec PaymentsCorp. Apptech is an innovative fintech company
whose mission is to deliver a betterway for businesses to provide their customers with
(05:45):
immersive commerce experiences. For more information, visit Appteccorp dot com. AppTec trades
on the MAZDAC on the particular civilapc X