Jade Power Trust V.JPWR.H

Alternate Symbol(s): TNSTF

Jade Power Trust is a Canada-based open-ended limited purpose trust. The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that provides stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Company's subsidiaries include Jade Power Holdings Inc., Jade Power Holdings 2 Inc., Transeastern Power Cooperatief U.A., Transeastern Power B.V., Transeastern Hidroelectrica Del Ucea SPV S.R.L., Transeastern Rott Energy SPV III S.R.L., and Transeastern Power Services Limited.

TSXV:JPWR.H - Post by User

Jade Power Trust

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Comment by Stockjerkon Jul 31, 2019 8:25am

90 Views

Post# 29978487

RE:RE:RE:Haha

For the record they are not mining. They are selling their mining equipment as it is no longer profitable and is already obsolete for bitcoin mining purposes. He stated the following issues:

1) 2017 vintage equipment can no longer mine efficiently
2) Requirements to staff the site + insurance ($$$$)

to continue mining would result in significant capex

But look: Are they a renewable energy company or are they a crypto mining company. Stick to your bread and butter. They made a mistake by trying to capitalize on the crypto mining hype. Time to right the ship!

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