TSXV:JPWR.H - Post by User
Post by
stockykindaguyon Apr 03, 2018 11:17am
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Price of Mining Machines - January Vs. Today
Price of Mining Machines - January Vs. TodayWhen financing closed, the company planned on paying 23 million dollars for machines to achieve they 10mw, but then realized that was a bad idea as the price of bitcoin quickly dropped to the 10-11k range, and has been waiting patiently as the price of bitcoin continues to drop.
Today, as we still wait for the bulk of the bitcoin machine purchases, the cost for the same 10mw of machines at the bitmain retail price is now 10 million dollars in canadian funds. so even at 5k bitcoin we're better off for waiting this long and enduring the stock price pain.
Hopefully they can get a better deal than 10 million dollars for the 10 mw of power and if they can, then the patience will have paid off.
Also, as i've stated previously, we are being lumped in with all the other crypto miners at the moment when in fact our primary business is not crypto mining.
i think the market will see the 4 millionish dollar revenue number and 2.1 million dollars in free cash flow for the first quarter and realize that it all came from the non crypto business and those numbers will increase with solar coming on board as the spring blooms.
that should be enough fo a very solid lift in the stock and get us out of being lumped in with the pure crypto stocks.
if somehow, and i mean this is a big miracle somehow, they get the machines for somehwere in the 6-8 million dollar price range. then everyone should be pretty happy.