With supply chain inefficiencies being one of the main causes of diminished company profits and inflation, digitalization of paper-backed processes is essential going into the future. $MHUB.V’s platform is aiming to become that bridge between paper and digitalization to help companies make the transition. And now that they've entered into the revenue stage, things have already started to look good. Yesterday they announced a new commercial agreement with the world's largest mining company BHP. This agreement will do 3 very important things for $MHUB.V.
- Will be the first major revenue-generating deal as BHP will subscribe to the platform and enterprise applications as a paying customer.
- It opens the door for greater interest from other companies. If the platform is good enough for BHP, then it will definitely be good enough for the many other mining companies across the globe.
- The agreement will also allow the company to continue developing the platform by analyzing what works best and some things that may need some adjustments.
Continuing off of my post from yesterday, there's a solid interview with the CEO (Arnoud Star) going more in-depth on the deal and what it means for MHUB: https://youtu.be/Nk9dyQIJFvM
With $MHUB.V already having a global presence with 7 offices in many of the largest mining countries. Plus, BHP was also a past collaborator who helped $MHUB.V develop the platform and is now a subscribed customer, so the company may be able to leverage their past relationships and continue to grow the client base going into the future.
Overall, it's still very undervalued, with a market cap of $20.8M. As they quickly start to generate revenue, the business will grow fast. I'm looking forward to seeing what they're able to bring next as we move into the next phase of the company.