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 Grand View Researchwas the worldwide blockchain technology industry valued at 5.92 billion dollars in 2021 and is expected to expand at a compound annual growth rate of 85.9% from 2022 to 2030, reaching a value of 1.43 trillion dollars by 2030.

Here are four stocks involved in the blockchain sector that start 2023 with some momentum behind them.

Epazz, Inc. (OTC: EPAZ) is a leading provider of cloud-based business solutions, blockchain technologies, cryptocurrency apps and metaverse infrastructure.

Epazz, Inc.’s proprietary software, BoxesOSv. 3.0, uses drone and blockchain technology to help farmers increase yields and predict future crop production. EPAZ’s proprietary CryObo technology enables farmers to capitalize on future terms via forecasting future yields at regular intervals through ZenaDrone aerial data and blockchain, enabling accurate forecasts of future crop production.

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 Epazz’s CryObo software data can then allow farmers to sell the future harvest of the crops, or even tokenize the crops, to allow farmers to earn additional capital.

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 Shaun PassleyPh.D., managing director and chairman of the board of Epazz, Inc. He adds that Epazz is integrating its ZenaDrone technology with the CryObo tokenization system to expand access to farm investments.

Epazz Inc. has started the year strong, investors looking to dip their toes into a diversified blockchain stock should look no further than EPAZ

Marathon Digital Holdings (NASDAQ: MARA), a digital asset technology company focused on supporting and securing the Bitcoin ecosystem. MARA is currently becoming one of the largest and most sustainably operated Bitcoin mining operations in the North Americaall while remaining active light.

Last week, MARA released updates for December 2022, with details of the company’s highlights at the turn of the year, as well as a few more goals and opportunities for the future. Marathon Chairman and CEO, Fred Thielsaid, “In 2022, we made significant progress in increasing our hash rate while transitioning to more sustainable power sources…” We ended the year with one of our most productive quarters to date, producing 1,562 bitcoin in the fourth quarter. “

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.

Digihost Technology, Inc. (NASDAQ: DGHI) is a cryptocurrency mining blockchain technology company. It focuses on validation through mining, hosting solutions and blockchain software solutions.

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 The NASDAQ Stock Exchange sent a warning to Digihost about the share price. The message stated that DGHI has 180 working days (until 10 April 2023) to bring back the share price in accordance with $0.55 brand on the NASDAQ stock exchange.

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.

Riot Platforms, Inc. (NASDAQ: RIOT) is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has bitcoin mining data center operations centrally Texasbitcoin mining central Texasand electrical switchgear engineering and fabrication operations i Denver, Colorado.

On 3 January 2023Riot announced the rebranding of the Riot Blockchain, Inc. to Riot Platforms, Inc.to better reflect the company’s growth strategy to continue expanding its increasingly diversified business operations.

The stock has gained investor interest in 2023, potentially due to the recent release of their December 2022 production data. IN December 2022Riot produced 659 BTC, an increase of about 55% compared to its December 2021 production of 425 BTC.

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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