RE:Not much experience in this part of businessas per HR they
produce about 3.6 bitcoin per month based on the 19.5 PH/s capacity,
and below is infromation from their Q3 report - - - their bitcoin [today] are worth 8.2M
plus factor in the 7.6M dollar financing set to close March 22nd, and then FORT management will set their eye on a merger or acquisition - - - is my understanding Financial position As of Nov. 26, 2020, Fortress holds an inventory of 163.2 bitcoin, comprising 46.5 bitcoin retained from the Washington State operations and 116.7 bitcoin that were acquired in May, 2020, and October, 2020. Of this, the company notes that it acquired 77.1 bitcoin on Oct. 27, 2020, at a price of $18,026 (approximately $13,550 (U.S.)).
The 163.2 bitcoin are worth approximately $3.63-million, based on the bitcoin price of $17,100 (U.S.) and a U.S.-dollar/Canadian-dollar exchange rate of 1.30. In total, as of Nov. 26, 2020, the company held approximately $11.06-million in liquid assets (cash, digital currency and accrued interest from redeemable GICs (guaranteed investment certificates)), with a cash value per share of 15.8 cents per share.
Since the company acquired its Washington State facility, approximately 524 bitcoin and 100 bitcoin cash have been generated, which has resulted in a total recorded revenue of $3,656,093 (U.S.), up to and including Nov. 24, 2020.
Third quarter 2020 financial highlights