Post by
mercedesman on Dec 30, 2021 2:39pm
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
Comment by
BuyingTIme on Dec 31, 2021 11:38am
Come on be quiet no brainer guy I'm still stock piling my shares at these levels. Better to say I agree its not worth buying sell sell please sell bitcoin going to zero sell before this baby goes off the board. I will take them slowly not to move the bid price two much. Happy new year to all. Bt