Episode Transcript
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Welcome to today's edition of Cryptocorner atinvestoridias dot com news on what's driving the
cryptocurrency market. Hey everyone, thisis Sam Mawers here. Welcome to the
latest episode of the Cryptocorner podcast.For news today, HUT eight has opened
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a voting for its proposed business combinationwith USBTC. Mawson has posted its July
update, and block Quarry has completedan audit and application to the OTCQB.
Just before we get into the showthough, a quick reminder that if you
enjoy this podcast to please feel freeto share it or leave us a review,
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and as always, I recommend checkingout some of the other podcasts on
investoridias dot com. This includes theCannabis Podcast, the Cleantech and Climate Change
Podcast, along with many others,all of which will bring you up to
speed on the latest stock news andtrends in their respective spaces. Right so,
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Hot eight Mining Corp, which tradeson the NASDAC as HUT has announced
that voting is now open on itsproposed business combination with US Data Mining Group
doing business as US Bitcoin Corp,also known as USBTC for short. The
combined company will be named Hot eightCorp. Dropping the mining from their name,
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also known as new Hut, andwill be a US domiciled entity.
According to the press release, NewHut is expected to be a large scale,
publicly traded bitcoin miner focused on economicalmining, highly diversified revenue streams,
and industry leading environmental, social,and governance practices. Next up, Masson
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Infrastructure Group, Inc. Which tradeson the NASDAC under the ticker symbol MIGI,
has reported its audited business and operationalupdate for July twenty twenty three.
Highlights include a total revenue equivalent inbitcoin increase of about twenty three percent month
over month, total operational capacity ofabout ninety six megawats as of July thirty
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first, and the capacity to supportabout twenty seven thousand, six hundred thirty
six miners. Rahul Mamuwala hope Isaid that right. That's the CEO and
president of the company said during July, we continued to optimize our self mining
capabilities and throughput by enhancing our operationalstructure, along with increased emphasis on our
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hardware management and minor management software analysisand enhancements. Our uptime and minor performance
has been robust despite the increased summertemperatures. Interest from potential hosting customers has
also been positive. Given our sitesbeing strategically located in the desirable PGM power
market, operational focus, information systems, competitive power, strategically located sites,
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and Masson's capabilities to adapt to marketdynamics are amongst the company's growing competitive advantages.
End quote. Lastly, for today, block Quarry Corp, which trades
on the OTC under the ticker BLQC, has announced the completion of the twenty
twenty two annual audit and submission ofits application to the OTCQB with the OTC
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markets. The company's president and chairAlonzo Pierce explained, quote, Focusing on
growing our company has been the priorityfor us here over the last few years.
Increasing revenue, decreasing liabilities, andimproving overall shareholder equity is the main
focus. There has definitely been someturbulence on the last few months, but
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we feel we are at the pointof turning the ship around for good.
I'm extremely grateful to the shareholders andinvestors for their patients in this process as
we look at a new chapter forblock Quarry end quote. That does it
for today's crypto quorum. If youwould like to be a guest or sponsor
for this podcast, contact investoradias dotcom. The Best Ideas reminds all listeners
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to read our bay screens and disclosureson investoridias dot com website. This podcast
is out endorsement to fire product servicesor securities investors that reminded all investment in
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com podcasts, please visit investoradias dotcom, slash audio and a reminder.
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You can also hear our podcasts onApple Podcasts, Audible, Spotify, tune
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most audio platforms available. This podcastwas sponsored by app Tech Payments Corp.
Aptech is an innovative fintech company whosemission is to deliver a better way for
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businesses to provide their customers with immersivecommerce experiences. For more information, visit
apteccorp dot com. Aptec trades onthe mazdac under particular simle apc X