RE:RE:RE:RE:BITFARMS Q1 2021 REPORTWarrants are options to buy stocks at a certain price. Basically a way to raise or spend cash without taking on debt. The could be paying vendors through warrants. For example, give them 100k shares for 48k miners. I think I got this right. Feel free to correct me if I'm wrong
RagingBull3 wrote: Can you give more info on the warrants? What are they?
AlphaJ wrote: They more then triple their intrinsic value. Assets now at 164 million compared to 50 million previous quarter, that's crazy growth. The main reason for the loss was on warrants. It's not terrible bc it's not a constant expense right off. It's now accounted for and will not reoccur. The bueaty is 3x growth in 3 months!!! And a 80% gross margin is amazing. And that margin or revenue doesn'tt include the 548 BTC they hodled. But the cost to mine them is already accounted for. Think about that. On ward and upward !!!
LetsRoll10 wrote: Decent EBITDA, great growth plan and a positive Q1. Large firms will be good, little guys may sell some as everyone wants a grand slam. Overall positive report with an exciting achievable growth plan. Meeting and exceeding targets. Need Nasdaq for this thing to roll and get the exposure, they are also green miners look out for them.. GLTA