RE:HIVE Blockchain and Frank Giustra Hugging BRIAN PAES-BRAGAIs bitcoin mining really that profitable. The 21 millionth coin is mined in the year 2140.
There have been 16 million coins mined so far so 5 million more to go. But 6 million have ben stolen and I am sure more will be stolen.
6 million x 20,000/bitcoin = $120 billion in revenue across all the bitcoin miners across the world, and there are lots of them.
The net present value of revenues of 5 million tokens over 120 years = 6.66 billion today not taking into account mining expenses which are substantial.
HIVE has a current price to book of 62x. That's insane.
The stock currently trades at $3.13.