Less liquidity risk than ALL the big boys.Liquidity Risk
Liquidity risk is the risk that the Company will encounter difficulties in meeting obligations when they become due. As at June 30, 2022, the Company has a working capital of $11,922,063 and does not require any additional financing to meet short-term operating requirements. The Company’s cash is held with large Canadian financial institutions and is available on demand. If there are additional cash requirements, the Company has the option to liquidate digital currencies to meet operating needs. These digital currencies are subject to fluctuations in the market price of digital currencies The current value of these assets as at June 30, 2022 is $10,670,572, based on subsequent prices may be valued at significantly less. The Company is currently set-up to maintain positive cash flow in the event of further decline of digital currency prices. In the event where the Company cannot rely upon the liquidation of digital currencies to meet operating needs, the Company would have to explore debt financing of which there is no guarantee of the receipt of funds to cover operations.