TSXV:CYX.H - Post by User
Comment by
Sidesh0won Jan 17, 2018 8:11pm
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Post# 27381855
RE:Wow CYX held really well
RE:Wow CYX held really well It formed a Hammer today, and grew some legs. With all of the shenanigans going on recently and possibly cryptocurrency price fears, the most recent news never got priced in.
"Utilizing our proprietary mining optimization algorithm which selects the type of cryptocurrency to be mined we have been able to exceed our expectations and we are excited for even better results as we continue to expand our mining capacity and further refine the algorithm."
"A company with a network of miners will theoretically be able to get through the development and launching process quicker for internal and third-party projects than one without."
"They are planning on adding 100 rigs to a soon-to-open facility in Vancouver."
So not only are they releasing their Cannabis Exchange Platform by Cannabis Day, they made impressive revenue from mining, they have another facility yet to come online and an additional 100 rigs for it. With their aggressive expansion strategy, even a market cap of $60M seems small for Calyx. Long and strong!