NO brainer...Equity now about $70M Shares o/s about 124 M
Book value $ .56
And it's trading below its BV ! ?
Yet in the last 4 months, they earned $61k x 31 (new) BTC = $ 1.9M from mining
projectng next full years mining income (assuming BTC stays the same price) is a MINIMUM of 3 x $ 1.9M = $ 5.7M
Minimum because they wlill be adding alot more mining rigs in Q1 (I forget but I think at least tripling their current mining capacity )
Then add whatever BTC, ATOM, fantom, Ethereum, etc increases in value from now to Aug 31, 2022.
This should be a minimum of 2X BV given growth profile for mining revenues, and positioning for growth (i.e. increase in value of coins owned).
If the Crypto hype returns as it did in early 2021, then a move to $ 2 per share seems very reasonable.
MM