News Archives - Page 17 of 18 - BillionDollarClub

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…

TuesdayJul 26, 2022 3:11 pm

BillionDollarBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) File Form S-4 Merger Registration and Joint Proxy Statement

Tingo (OTC: TMNA) and MICT (NASDAQ: MICT) today announced that they have filed a registration and joint proxy statement with the Securities and Exchange Commission (“SEC”) in connection with their anticipated merger. According to the update, the merger is expected to create a >$1.0 billion annualized revenue and highly profitable fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. The SEC will now review the submission and, following its review and the registration statement being declared effective, shareholders of each company will have the ability to approve the merger. Upon approval of stockholders and…

WednesdayJul 13, 2022 2:22 pm

BillionDollarBreaks – Standard Lithium Ltd (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) Releases Update on Key Developments

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, is reporting on recent corporate and project developments. Highlights of the update include additions to SLI management, a master service agreement (“MSA”) with Telescope Innovations (“TELI”), the progress of a DFS/FEED study award and increased shareholdings by senior management. Specifically, SLI named new positions and members to its management team, including Jason Tielker as vice president of project delivery and Angus Remfry as director of project delivery. In addition, the company is reviewing Pre-FEED deliverables related to its first commercial plant with the anticipation…

FridayJul 08, 2022 10:49 am

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues June 2022 Bitcoin 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 June 2022. Among the highlights, the company reportedly produced 707 BTC in Q2 2022, up 8% year-over-year from Q2 2021, and now holds 10,055 BTC directly. “In the second quarter, we continued to work through several operational obstacles as we progressed with installing miners in Texas in preparation of energization,” said Fred Thiel, Marathon’s chairman and CEO. “In April and May, our bitcoin production was impacted by ongoing maintenance issues at the power generating facility…

WednesdayJun 29, 2022 12:36 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues Update on Montana-Based Bitcoin Mining Operations

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has disclosed that, as a result of a storm that passed through Hardin, Montana, earlier this month, the company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s Montana-based miners may have sufficient power to come back online in a reduced capacity as early as the first week of July. “The severe storm in Montana unexpectedly decreased our hash rate in June and presented us…

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