TSXV:CYX.H - Post by User
Comment by
Sidesh0won Dec 01, 2017 7:02pm
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Post# 27076023
RE:Valuation of revenue based of the # of GPU and HIVE revenue
RE:Valuation of revenue based of the # of GPU and HIVE revenue$30M USD annual revenue? This could still be a 10 bagger.
LifegoesOn73 wrote: Lets start with HIVE revenue posted yesterday, they made in 12 days only 170,000 Usd with a 113,000 usd gross profit using 2.05 MW for 2300 GPU based mining rigs (focus on the # of GPU very important). Now CYX they just got 50 high performance mining units representing 350 GPU plus the rights to acquire another 40 unit or an additional 270 GPU for a total of 620 GPU. also they are preparing 1000 square foot data centre in its new office headquarter for 100 x13 GPU mining unit, so this gives us 1300+620 =1920 GPU. also they are negotiating to expand the 1000 square foot to 7500 square foot data centre which will give us 7.5x1300 GPU = 9750 GPU. so altogether they are working on getting around 12000 GPU. Now comparison with Hive. Assuming only the 620 GPU and seeing hive revenue in 12 days from 2300 GPU this means that CYX now can generate 170000x620/2300 = 46000 usd in 12 days or 115000 / month.gross profit is 66% so annually gross profit of 1 M usd.when they finish installing their 7500 square feet data centre in their new office headquarters and operate with 12000 GPU the forecasted profit will be 1 M x 12000/620= 19 M and this is yearly for a yearly revenue of 19/0.66= 30 M usd . Guys this is the golden goose , NOT selling anytime soon