Friday, December 03, 2021 8:57:24 AM
It points to the fact that if you accept the revenue projections, Bots is currently significantly undervalued at just above $.05 share, especially if you expect that there will also be revenue from other sources.
There is good reason to believe that the expectations can be met...
The PR stated that "Some buyers report up to 30% of miners bought overseas arrive in non-working condition." Moreover, a backlog on shipments of new miners creates a large market for pre-owned warrantied rigs. "Bulk preorders for the most powerful Bitcoin mining hardware from major manufacturers are already queued up until May of next year, suggesting an increasing level of institutionalized demand for such equipment." This anticipates a huge market for TekX Mining repair and warranty services. They've stated that "TekX has developed extended service warranties and significant repair capacities of up to 1,000 miners per day."
It goes on to say, "Around 3,000,000 Bitcoin miners are in operation in the US and about 2,000,000 in Canada.
BTZI estimates the extended Bitcoin miners' warranty market size could quickly exceed $1.2 billion in the US.
Les
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