The finances of this company aren't making sense. They have mined a total of 8600 coins. Say they achieved an average sale prices of $500 USD that's $4.3 million revenue. Electricity costs currently are exceeding mining revenue for many people. There is no way a profit of $4 million has been achieved. After paying electricity costs, equipment costs, rental, directors 400k wages, it is very difficult to see how any profit at all could have been achieved. Certainly nothing to justify a 30 million dollar market cap. I find it difficult to see how this company is going to make any money. It's a black box with nothing but pumping news articles coming out of it.
The finances of this company aren't making sense. They have...
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Last
5.6¢ |
Change
0.010(21.7%) |
Mkt cap ! $48.51M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.7¢ | 4.8¢ | $257.3K | 4.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 65116 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
0.010 ( 19.2 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 5.7¢ | 4.8¢ | 1151169 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| DCC (ASX) Chart |