CIFR - Crypto Corner Podcast 918: HIVE CIFR CBIT

Vancouver, Kelowna, Delta, BC - January 13, 2023 (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.

Today's podcast is sponsored by Fintech Company AppTech Payments Corp. ( NasdaqCM:APCX ).

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

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Stocks discussed: (NasdaqCM:HIVE) (NasdaqCM:CIFR) (TSXV:CBIT)

HIVE Blockchain Technologies, Ltd. ( NasdaqCM:HIVE ) has announced the commercial deployment of the HIVE BuzzMiner powered by the Intel Blockscale ASIC. According to the press release, this follows months of planning, engineering development, implementing factory QA processes, field testing and global collaboration. Aydin Kilic, President & COO of HIVE, explained:

"The HIVE BuzzMiner is a high quality and robust machine and we are very pleased with the finished product. Our strategy to vertically integrate our business to include the development and production of our own Bitcoin [ BTC ] ASIC miner, represents a significant milestone in HIVE's advancement of our green energy focused Proof-of-Work initiatives. In addition to having design input and visibility, we are able to optimize the function of the HIVE BuzzMiner to satisfy demand response programs, so we can participate in grid balancing initiatives, which is part of our global energy strategy. What is unique about the HIVE BuzzMiner is the dynamic range of operation. We are able to operate our machines from 110 TH/s to 130 TH/s, allowing us to optimize the profitability of our fleet, by varying the power consumption and machine efficiency. Accordingly, our initial build of 5,800 HIVE BuzzMiners, can produce between 638 PH/s to 754 PH/s."

Cipher Mining Inc. ( NasdaqCM:CIFR ) has reported its unaudited production and operations updates for December 2022. Highlights include the mining of 225 BTC, the selling of 39 BTC, a currently deployed fleet of 28,000, and a hashrate of 2.8 EH/s as of the end of the month. Tyler Page, the company's CEO, commented on the progress at the Odessa site:

"This rapid progress demonstrates the expertise of our amazing deployment and operations teams. As is always the case at Cipher, we maintained a relentless focus on cost discipline, and announced during the month that we had purchased 7,200 new rigs at very attractive prices, bringing our total purchased fleet for self-mining to over 59,000 rigs."

Cathedra Bitcoin Inc. ( TSXV:CBIT ) has published its recent operations and corporate updates. Highlights include the receipt of 1,385 Bitmain Antminer S19J Pro machines - 920 of which are being installed at the company's mine in Washington, and the optimization of operations through the reduction of power draw to improve machine efficiency at two sites. Management commentary from the press release reads:

"In market conditions like these, one must think like a cockroach. After deploying these additional machines, improving the efficiency of some existing machines through underclocking, and further reducing our overhead, we will continue to generate positive EBITDA under current market conditions."

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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. Commerse, 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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