CapitalGainsReport Sector Spotlight: Blockchain Breakouts for 2023 (EPAZ, MARA, DGHI, RIOT)
Blockchain is a ground-breaking technology that is rapidly gaining ground in a wide range of sectors. It is a digital ledger of transactions that is stored in a distributed, secure and immutable manner. It is often referred to as the backbone of cryptocurrency, although potential uses extend far beyond financial transactions.
In accordance
Here are four stocks involved in the blockchain sector that start 2023 with some momentum behind them.
By using a drone to scan the fields and record the exact and actual health of the crops, farms can then project future harvests, and
This solution provides a win-win for both farmers, crop production and investors. Using accurate drone and blockchain data, farmers can sell the crops they grow in advance.
EPAZ enables farm owners, plantation associations and agribusiness investors to meet general market demand and compensate for growing food shortages at the same time. According to the company, it creates sustainable energy sources by developing a cooling technology to control the temperature of underground servers.
“We are exploring new revenue streams for CryObo technology using drones and blockchain technology,” says
Last week, MARA released updates for
As for the year ahead, MARA wants to continue to scale and grow into a larger Bitcoin mining operation through continuous advancements in mining efficiency. Thiel stated: “As we enter 2023, we are confident in our ability to scale Marathon into one of the largest and most energy efficient Bitcoin mining operations globally.” “We have thousands of miners ready to be energized in the coming months, which we expect to more than triple our current production capacity to approximately 23 exahashes by mid-year.”
With a solid first week in 2023, look for this stock to continue its strong run, making it one that should be on any investor’s shortlist.
DGHI focuses on network development, hosting and mining, which is supported by renewable and sustainable energy. 90% of the energy consumed by DGHI comes from sources that create zero carbon emissions, while 50% of the energy consumed is generated from renewable energy sources.
In a year-end update released last week, the company reported that it had mined approximately 832 BTC during 2022. According to DGHI, this was a 60% increase from the 2021 production of BTC at 521 BTC produced.
On a year-over-year basis, DGHI mined an additional 18.24 BTC during Q4 2022 compared to Q4 2021, representing a quarterly increase of 11%.
In October was
Although this stock is still in an interesting situation, investors seem to have taken an interest in DGHI recently as the stock has seen solid momentum to start 2023.
On
The stock has gained investor interest in 2023, potentially due to the recent release of their
Riot has certainly proven its potential to expand in the BTC mining business, and investors are noticing that RIOT is posting steady increases until 2023.
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