Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: RIOT) (NYSE: BKKT) (NasdaqCM: CLSK)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqCM: RIOT) (NYSE: BKKT) (NasdaqCM: CLSK)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atinvestoradias dot com news on what's driving the
cryptocurrency market. Hello everyone, thisis Sam Ours here. Welcome to another
episode of the Cryptocorner podcast. Fornews. Today, we have quarterly financial

(00:22):
updates from Riot Platforms, Back Holdingsand Clean Spark, Inc. But just
before we get into the show,a quick reminder that if you enjoy this
podcast to please feel free to shareit or leave us a review, And
as always I recommend checking out someof the other podcasts on investradias dot com.

(00:42):
This includes the Cannabis Podcast, theCleantech and Climate Change Podcast, along
with many others, all of whichwill bring you up to speed on the
latest stock news and trends in theirrespective spaces. Ranso Riot Platforms, Inc.
Which trades on the NASDAC under theticker r IoT, has reported its

(01:03):
financial results for the three month periodended June thirtieth. Highlights include a total
revenue of seventy six point seven milliondollars, which was largely driven by the
production of one thousand, seven hundredseventy five bitcoin during the quarter. Jason
last, the company's CEO, said, as part of the next phase of

(01:26):
our growth. Riots signed a longterm purchase agreement with MICROBT to acquire thirty
three thousand, two hundred eighty nextgeneration miners, with an option to purchase
an additional sixty six thousand, fivehundred sixty miners on the same price and
terms. These miners are designed fromthe ground up for immersion cooling, will

(01:49):
be manufactured in the United States,and will add an additional seven point six
xa hash per second incapacity for Riotby mid twenty twenty four end quote.
Moving along, Backed Holdings, Inc. Which trades on the NYC under the
ticker b KKT, has posted itsfinancial and operational results for the quarter ended

(02:15):
June thirtieth. Highlights there include theacquisition of Apex Crypto, the company's rebranding
to Backed Crypto Solutions, as wellas revenues of three hundred forty seven point
six million dollars. Looking forward,Backed CEO Gavin Michael said, quote,
we are making strong progress on ourinternational go to market strategy and expect to

(02:38):
launch our crypto capabilities in Latin Americain the fourth quarter. In parallel,
we are actively working to expand intothe United Kingdom, European Union. Hong
Kong and Australia. We are excitedabout the momentum we are building and our
best in class platform positions us wellfor continued success. End quote. Lastly,

(03:04):
for today, clean spark Ink,which trades on the NASDAC under the
ticker at clsk, has announced itsfinancial results for the three and nine months
ended June thirtieth. Highlights include quarterlyrevenues of forty five point five million dollars
and that loss of fourteen point twomillion dollars, and total assets clocking in

(03:27):
at six hundred fifty two point eightmillion dollars as of the quarters end.
Zach Bradford, the company's CEO,comments quote, we have fully funded our
growth to sixteen xa hash per second, including miners, facilities and other infrastructure.
On top of a record breaking quarterin terms of growth and revenue.

(03:49):
We now operate over nine xa hashper second of efficient computing power at some
of the industry's best all in electricrates. That growth is translating to record
setting revenue. We have over ninetymillion dollars in cash and almost twelve hundred
bitcoins on our balance sheet as oftoday. We continue to build on our

(04:10):
long standing track record of executing onour commitments and I'm proud to say that
this is a truly best in classteam. End quote. Also worth noting
stock for clean Spark Inc. Isup twenty three point five six percent at
the time of recording. That doesit for today's crypto quorum. If you

(04:31):
would like to be a guest orsponsor for this podcast, contact Investor Ideas
dot com. The Best Ideas remindsall listeners to read our discreeners and disclosures
on investor idias dot com website,and this podcast is out endorsement to fire
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(04:57):
idias dot com, slash audio andto remind you can also hear our podcasts
on Apple Podcasts, Audible, Spotify, tune In, Stitcher, Speaker,
dot Com, iHeartRadio, Google Podcastsand most audio platforms available. This podcast
was sponsored by Apptech Payments Corp.Apptech is an innovative fintech company whose mission

(05:19):
is to deliver a better way forbusinesses to provide their customers with immersive commerce
experiences. For more information, visitAppteccorp dot com. AppTec trades on the
MAZDAC under particular simle apc X