TSXV:DMGI - Post Discussion
Post by
phoenix_trader on Apr 27, 2022 11:25pm
An interesting read, Bit Digital 20-F today
$39 million G&A!!!!!!!!!!!!!!!!! No explanation and $2.9 million in 2020.
Look at the top of P.35. Does this affect HUT and the other Alberta miners? Bottom of P.49 for Computer North problems.
Compute North also receives a range of 15–25% of the bitcoin mined after payment of the monthly service and power costs + all the details on the other host contracts follow. No insurance on all those miners, give me a break P.53. And two folks control 41% of the votes through the pref shares. Inline XBRL Viewer (sec.gov) If the link does not work, go to the Bit Digital website, Investors tab, click on financial reports.
I like The DMG Blockchain model. Clean and maybe more than a few new miners available for a song in early fall.
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