Post by phoenix_traderon Aug 29, 2022 11:08pm
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Post# 34928631
Financials OK, with new pricing likely nothing due on miners
Financials OK, with new pricing likely nothing due on minersAs at June 30, 2022, the Company had outstanding executed purchase agreements for the purchase of miners for 450 new model S19j Pro miners and 1,800 new model S19 XP miners. As at June 30, 2022, the Company had made $19,180,716 in deposits towards this commitment, with $2,218,284 remaining to be paid based on the original contract price: this amount remaining to be paid may be adjusted based on current market pricing for such mining equipment. The remaining miners are scheduled to be delivered through December 2022.