Post by
phoenix_trader on May 31, 2022 1:41pm
DMG remains a highly profitable crypto miner & software co
6 months revenue $26.2 mill less operating costs of 6.0 mill = gross margin $20.2 mill.
3 months revenue $11.9 mill less operating costs of $3.2 mill = gross margin $8.6 mill
G&A runrate is under $300k/ mo. mostly legal at the moment. Lowest in the industrty.
Current price environment presents limited risk as miners paid for and electricity costs are fixed and Fortis/BC Hydro's problem to deliver. Plant is owned at a fraction of other new builds in progress.
Now if only the Board can get the story out to new investors, the numbers make sense to those who care to look.