Vancouver, Kelowna, Delta, BC – May 20, 2022 (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.
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Crypto Corner Podcast 838: Stocks discussed: (NasdaqCM: ANY) (OTC: WONDF) (NEO: SMRT)
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Sphere 3D, WonderFi Technologies, and CoinSmart Financial Post Quarterly Updates
Stocks discussed: (NasdaqCM:ANY) (OTC:WONDF) (NEO:SMRT)
Sphere 3D Corp. (
NasdaqCM:ANY
) has
reported
its financial results, Bitcoin (
BTC
) mining operation results, and operational updates for the first quarter of FY 2022 ended March 31, 2022. Q1 highlights include a revenue of $1.4 million USD – up from $0.9 million in Q1 2021, and the production of 18.15 bitcoins. Patti Trompeter, the company’s CEO, said:
“Looking forward, our mining fleet will expand consistent with the amended delivery schedule below, and our production capacity will increase accordingly. We are working with Jefferies LLC, our financial adviser, to identify the most appropriate financing options to fund the expansion of our fleet, and we are exploring new growth areas in the cryptocurrency and blockchain industries.”
WonderFi Technologies Inc. (
OTC:WONDF
) has
shared
its second quarter 2022 financial results for the period ended March 31, 2022. Highlights include total assets of $598 million CAD at the quarter’s end, 750,000 Web3 users, and the acquisition of crypto platform Bitbuy on March 25, 2022. Ben Samaroo, CEO of WonderFi, said:
“WonderFi’s second quarter was marked by the transformative acquisition of Bitbuy, which immediately positions the company as one the leading regulated crypto exchange businesses in Canada. The signing of the definitive agreement to acquire Coinberry so soon after the closing of the Bitbuy transaction will further add to the company’s leadership position within the industry and we are excited for what the future holds as we integrate all of our businesses to continue our rapid user acquisition growth and explore ways to unlock cost synergy opportunities.”
CoinSmart Financial Inc. (
NEO:SMRT
) has
announced
its Q1 2022 financial results. Highlights for the quarter include gross revenue of $4.2 million, $113 million in over the counter trading volume, and the acquisition of over 33,700 new registered users. The company’s CEO Justin Hartzman said:
“Q1 2022 saw continued year over year growth during a quarter that experienced high volatility. I am extremely proud that our team was able to execute and continue growing our user base, ship new products and help the crypto curious enter the market. The decision to not only focus on the retail platform growth but to diversify over a number of business lines has helped our continued YoY growth against the headwinds of a poor macroeconomic environment. Q1 was highlighted by growth in Over the Counter Trading as we acquired new HNWI and institutional clients. We’re looking forward to further expansion in crypto payment products and geographies as we move into Q2 2022.”
Sam Mowers, Investorideas
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