A lot of you tin foil hat nuts obviously haven’t read the...

A lot of you tin foil hat nuts obviously haven’t read the announcement whatsoever and are jumping to conclusions

The company they have invested in and taken 50% of is mining crypto currencies, such as Bitcoin. The warehouses they have are set up to do so with all the servers etc.

In the world of crypto mining, the quickest and best servers/setups are those that obviously generate the most amount of bitcoins/whatever coin it is they are mining.

The biggest factor surrounding mining is always the profitability of it surrounding energy consumption & cost to run the server versus the amount of coins you are successfully mining. The massive positive with this acquisition is the extremely low cost energy prices for the region and the high quality cooling systems they have setup within the factories.

Obviously if the specific coin they are mining is performing well price wise, the higher the profit margin will be for the company.

I would love to know some figures surrounding what the profit levels are for some baseline bitcoin prices, such as the profit margin on Bitcoin being $10,000 AUD/coin if they are averaging X amount of coins per day mined.

It also says they are planning to list this on the TSX, with a ‘repricing and liquidity event’ attached to it. Many of the other crypto mining stocks that are listed overseas are at massive market caps compared to the effective $30m valuation this company has based on CHP’s $15m investment for 50%.

Looks like a very solid investment IMO