News Archives - Page 16 of 18 - BillionDollarClub

MondaySep 19, 2022 3:00 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Secures 276MW Contracted Capacity of New Ellendale, North Dakota-Based Facility

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, in conjunction with Applied Blockchain Inc. (NASDAQ: APLD), a designer, builder and operator of next-generation datacenters, executed the option for an additional 70MW of hosting at Applied Blockchain’s new facility located in Ellendale, North Dakota. Applied Blockchain today announced the Sept. 8 groundbreaking of the facility, and the mutually executed option brings contracted capacity with Marathon to 276MW and total contracted hosting for APLD to nearly 500MW. “The community of Ellendale and representatives of North Dakota have been amazing to work with as we bring this…

FridaySep 16, 2022 10:47 am

BillionDollarBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Demonstrates Large-Scale Coherence

D-Wave (NYSE: QBTS), a leader in quantum computing systems, software and services, has published a peer-reviewed milestone study of the first large-scale demonstration of coherent quantum annealing. For the first time, the research exhibits dynamics of a quantum phase transition in a large-scale programmable quantum annealing processor using up to 2000 qubits in a D-Wave processor. The announcement reads, “The paper---a collaboration between scientists from D-Wave, the University of Southern California, the Tokyo Institute of Technology, and Saitama Medical University---entitled ‘Coherent quantum annealing in a programmable 2000-qubit Ising chain,’ was published in the peer-reviewed journal Nature Physics today and is…

TuesdaySep 13, 2022 1:14 pm

BillionDollarBreaks – D-Wave Quantum Inc.’s (NYSE: QBTS) Trailblazing Efforts in Quantum Market Featured in Bell2Bell Podcast

D-Wave (NYSE: QBTS), a leader in quantum computing systems, software and services, was featured in the Bell2Bell Podcast, a part of IBN’s (“InvestorBrandNetwork”) sustained effort to provide specialized content distribution via widespread syndication channels. Dr. Alan Baratz, CEO of D-Wave, joined the latest episode to introduce D-Wave and discuss its position as a trailblazer in quantum computing. “D-Wave is the first and only commercial quantum computing company. While everybody else in the quantum space is talking about government research grants as revenue, and national labs and academic institutions as customers, we talk about companies like Mastercard, PayPal, Johnson & Johnson,…

WednesdaySep 07, 2022 2:47 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces August BTC Production, Mining Operation Updates

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has published unaudited bitcoin (“BTC”) production and miner installation updates for August 2022. “In August, we continued to install and energize miners with our hosting providers, increasing our hash rate and steadily improving our bitcoin production,” said Fred Thiel, Marathon’s chairman and CEO. “Our hosting providers have continued to install miners at multiple locations. Based on their latest reports, we expect to have approximately 65,000 additional miners, or approximately 6.9 exahashes per second of capacity, brought online at multiple facilities over the next 90 days. With…

TuesdayAug 23, 2022 11:02 am

BillionDollarBreaks – Tingo Inc. (TMNA) Releases Strong Q2 2022 Results

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and six months ended June 30, 2022. Among the highlights, the company announced net revenues totaling $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%. In addition, Tingo’s Q2 2022 gross profit amounted to $164.2 million, an increase of 208.6% versus Q2 2021 gross profit of $53.2 million. “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first…

TuesdayAug 16, 2022 3:11 pm

BillionDollarBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Q2 2022 Results, Operational and Financial Highlights

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and data center hosting, reported financial results for the three-month period ended June 30, 2022. “We are extremely encouraged by Riot’s financial resilience and operational achievements this quarter,” said Jason Les, CEO of Riot. “We continued to make substantial progress in executing towards our ambitious growth plans, including completion of our first immersion-cooled building and the successful transition of all miners, which were previously hosted by Coinmint, to our Whinstone Facility, which will further reduce our operating costs. Going forward, we will continue to focus on executional excellence as…

MondayAug 08, 2022 11:24 am

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Reports Second Quarter 2022 Results

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has filed its Q2 2022 financial results for the period ended June 30, 2022; the company also scheduled a webcast to discuss those results. The webcast is slated for Aug. 9, 2022, at 4 p.m. EDT. Highlights of the report show that Energy Fuels has a robust balance sheet with $134.1 million of working capital; total includes $86.4 million in cash and cash equivalents, $11.8 million marketable securities and $28.6 million of inventory with no debt; the report noted that at current commodity prices, the company's product inventory has a…

WednesdayAug 03, 2022 12:15 pm

BillionDollarBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Releases July 2022 Updates on Productions, Operations

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, has released its July 2022 production and operations report. According to the report, during the month of July, Riot produced 318 BTC, a 28% decrease from the company’s July 2021 production of 443 BTC, and earned approximately $9.5 million in power credits as a result of curtailment activity; those power credits equate to approximately 439 BTC. The company also reported that it held some 6,696 BTC, all produced by Riot’s self-mining operations. In addition, the company sold 275 BTC, which generated approximately $5.6 million in net proceeds. The…

TuesdayAug 02, 2022 12:25 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Expands Credit Facilities to Add Capacity, Optionality in Financing Future Growth

Marathon Digital Holdings (NASDAQ: MARA) is a leader in supporting and securing the bitcoin ecosystem. The company has expanded its credit facilities with Silvergate Bank, the leading provider of innovative financial infrastructure solutions to the digital currency industry, by refinancing its existing $100 million revolving line of credit and adding an additional $100 million term loan on July 28. “We are pleased to be closing on these debt facilities and believe that the combination of a term loan and revolver provide Marathon with exceptional flexibility as to our funding options,” said Hugh Gallagher, Marathon’s CFO. “With these facilities in place,…

FridayJul 29, 2022 12:19 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces Q2 2022 Earnings Conference Call

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, will be releasing its financial results on Monday, Aug. 8, and has scheduled an earnings call for that same day, to begin at 4:30 p.m. ET. The financial report will be released prior to the call and will be available on the company website, in the investor relations section. Financial results will be published in a press release prior to the call and available on the investor relations section of the company’s website. MARA will use a new Q&A platform for the call designed to enhance the…

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