CryptoNewsBreaks

ThursdayNov 10, 2022 2:41 pm

CryptoNewsBreaks — Stronghold Digital Mining Inc. (NASDAQ: SDIG) Releases Q3 2022 Report, 2023 Guidance

Stronghold Digital Mining(NASDAQ: SDIG) has released financial results for its third quarter, the period ended Sept. 30, 2022; the report also included an operational update. Highlights of the report included current liquidity for the company reaching an estimated $27 million, which includes $27 million cash plus 19 Bitcoin; other numbers worth noting include current principal amount of outstanding debt totaling approximately $82 million, with net debt of approximately $55 million, which represents an approximately 51% reduction since the end of June 2022. In addition, the company noted fully extinguished $67.4 million in principal value of debt associated with NYDIG ABL…

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ThursdayNov 10, 2022 11:39 am

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Launch of Operations in Ghana, Entry into Landmark Trade Deal with the Kingdom of Ashanti

Tingo (OTC: TMNA) today announced that Tingo Mobile PLC (“Tingo Mobile”) has opened a head office in Accra, Ghana, and has launched nationwide operations. According to the update, Tingo Mobile’s business in Ghana is held through a wholly owned subsidiary, Tingo Mobile Ghana Ltd (“Tingo Ghana”). To coincide with the launch, Tingo Ghana has agreed on a landmark trade deal with the Kingdom of Ashanti, through the Ashanti Kingdom Investment Trust. Under the terms, the Ashanti Kingdom Investment Trust has committed to enroll a minimum of 2 million new members with Tingo within 120 days of signing and has agreed…

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WednesdayNov 09, 2022 2:11 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Announces Filing of Definitive Information Statement to Merge with MICT

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, has filed a Definitive Information Statement with the U.S. Securities and Exchange Commission (“SEC”). The statement outlines the completion of the merger between Tingo Mobile PLC, a wholly owned Tingo subsidiary, with MICT Inc., a NASDAQ-traded financial technology company; the merger should be complete by the end of this month. Once the merger is finalized, MICT will issue Tingo shares of its common stock equal to 19.9% of MICT’s outstanding shares along with Series A and Series B convertible preferred stock. According to the announcement, MICT does plan to seek both shareholder…

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WednesdayNov 09, 2022 12:46 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces Q3 2022 Results

Marathon Digital Holdings (NASDAQ: MARA) has reported its financial and operational results for the quarter ended Sept. 30, 2022. “The third quarter of 2022 was a transition and rebuilding period at Marathon, during which we fully exited the Hardin facility in Montana and began energizing servers at new locations, most notably the 280-megawatt data center that resides behind the meter at the King Mountain wind farm in McCamey, Texas,” said Fred Thiel, Marathon’s chairman and CEO. “We sequentially improved our bitcoin production each month during the quarter as we rebuilt our hash rate from approximately 0.7 exahashes per second in…

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WednesdayNov 09, 2022 12:41 pm

CryptoNewsBreaks – NFT Technologies Inc. (OTC: NFTFF) (NEO: NFT) Co-Founder Discusses Owning Virtual Assets in the Digital Space in CCW Audio Production

NFT Technologies (OTC: NFTFF) (NEO: NFT) was featured in the latest CryptoCurrencyWire (“CCW”) Audio Production as part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. Mario Nawfal, co-founder of the publicly listed technology company, joined IBN’s Jonathan Keim to discuss the concept of owning virtual assets in the digital space and the potential of web3 to transform existing industries. “The metaverse is simply a digital representation of the physical world we live in today. That’s it,” Nawfal said during the interview. “Imagine everything you do on a daily basis – making friends, signaling your…

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TuesdayNov 08, 2022 12:43 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Strong Results for Q3 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, has released financial results for the three-month period ended Sept. 30, 2022. “Our results this quarter are a strong testament to the benefits of Riot’s vertically-integrated and diversified business model, which is further complemented by our conservative financial approach,” said Jason Les, CEO of Riot. “Despite rising energy prices, which significantly impacted many bitcoin miners, Riot was able to leverage our long-term fixed rate power contract to generate significant power credits and, in doing so, significantly reduce our operating costs. Additionally, our strong liquidity position…

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MondayNov 07, 2022 12:42 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Issues Global Bitcoin Production Figures for October 2022

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) has announced production figures from the company’s global Bitcoin operations for the month of October 2022, with 307 Bitcoin produced and a BTC HODL balance of 3,311 Bitcoin as of Nov. 5, 2022. According to the summary, HIVE has a strong balance sheet, with approximately $70 million USD of Bitcoin, and no expensive borrowing against equipment like ASICs or GPU chips or digital assets. “We are very happy to be producing over 300 Bitcoin per month, which is about 1% of the global network, even when network difficulty is at an…

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FridayNov 04, 2022 12:40 pm

CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Announces Q3 2022 Shareholder Letter, Financial Results

Coinbase (NASDAQ: COIN) has announced the release of its third quarter (“Q3”) 2022 shareholder letter. The letter, which includes the company’s financial results, can be found on its Investor Relations website. In addition, Coinbase held a question-and-answer session to discuss its Q3 2022 results on Thursday, Nov. 3, 2022. A replay of the call and transcript are also available on the company’s Investor Relations website. To view the full press release, visit https://ccw.fm/FVd6i About Coinbase Global Inc. Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012…

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FridayNov 04, 2022 12:29 pm

CryptoNewsBreaks – Canaan Inc. (NASDAQ: CAN) Announces Plans to Release Q3 2022 Financial Report

Canaan (NASDAQ: CAN), a leading high-performance computing solutions provider, will release its financial results for its Q3, the period September 30, 2022, on Nov. 14, 2022, before the U.S. market opens. In addition, the company announced that it will host a conference call that morning to discuss the earnings report; the call is slated to begin at 7 a.m. ET. Those interested can register for the event and will receive information, including dial-in numbers and an access PIN, to call in. Members of Canaan’s leadership team will facilitate the event, which will also include a Q&A session. In addition, a…

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ThursdayNov 03, 2022 1:38 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Reports Numbers for October 2022 Bitcoin Production, Mining Operation Numbers

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, has released unaudited Bitcoin (“BTC”) production and miner installation updates for October 2022. According to the announcement, the company produced a record 615 BTC in October with total Bitcoin holdings reaching 11,285 BTC with a fair market value of $231.3 million. The report also noted that, after approximately 32,000 miners were successfully energized during the month, MARA’s operating mining fleet consisted of some 69,000 active miners producing approximately 7.0 EH/s at month’s end. The company has scheduled a webcast and conference call to discuss financial results for…

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