APCX - Crypto Corner Podcast: MARA CIFR CAN BTBT

2023-05-11 14:10:00 ET

Vancouver, Kelowna, Delta, BC - May 11, 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 ).

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Stocks discussed: (NasdaqCM:MARA) (NasdaqGS:CIFR) (NasdaqGM:CAN) (NasdaqCM:BTBT)

Marathon Digital Holdings, Inc. ( NasdaqCM:MARA ) and blockchain and digital assets infrastructure development company Zero Two have announced details surrounding the formation of a joint venture (JV) to establish the first large-scale immersion Bitcoin ( BTC ) mining operations in the Middle East. Fred Thiel, Marathon's chairman and CEO, explained:

"Our collaboration with Zero Two is a pivotal moment for Marathon and one that is consistent with our ethos of operating at the forefront of the technology curve and developing innovative technology solutions to advance the Bitcoin mining industry. For this project, our team successfully co-developed and implemented a full immersion solution, as well as developed proprietary mining software from the ground up to provide flexibility, resilience, and optimization. In Zero Two, we have found a valuable collaborator whose expertise in digital asset infrastructure development, and whose relationships in the region are an optimal complement to our team's unique ability to build and implement innovative technologies. We look forward to working together to build the next-generation Bitcoin mining facilities in Abu Dhabi."

Cipher Mining Inc. ( NasdaqGS:CIFR ) has announced a joint agreement with Canaan Inc. ( NasdaqGM:CAN ) to purchase 11,000 of the latter's new A1346 model mining machines to be delivered in the third quarter of 2023 for use at Cipher's Odessa, Texas facility. This will bring Cipher's deployed fleet to more than 70,000 mining machines and 7.2 EH/s of self-mining capacity across its portfolio. Cipher's CEO, Tyler Page, said:

"We are excited to formally begin our collaboration with Canaan, a pioneer in the ASIC high-performance computing chip industry. Over the past several months, our technology and operations teams have been working with Canaan to test its new generation mining machines onsite at Odessa. We are confident that Canaan's mining machines will be an excellent addition to our fleet, and we expect these mining machines to perform extremely well during the hot summer months in Texas."

Bit Digital, Inc. ( NasdaqCM:BTBT ) has finalized agreements for an aggregate of 14 megawatts of incremental hosting capacity to power its miners. One agreement is with Coinmint LLC to secure an additional 10 MW of hosting capacity, and the other is with Blockbreakers, Inc. for 4 MW of incremental hosting capacity. Sam Tabar, Bit Digital's CEO, said:

"We are pleased to expand our relationships with two top-tier hosting partners in Coinmint and Blockbreakers. Geographic and counterparty diversification remains a key component of our hosting strategy, alongside building relationships with the most reliable and efficient partners. These agreements represent marked progress towards our objective of doubling our active hash rate in 2023. Furthermore, this growth is underpinned by sustainable energy sources and is an important step towards our goal for our mining operations to become entirely carbon-free."

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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