revenues are not net income.
P/E ratio does not look at revenues, it looks at performance vs current market share price.
P/E ratio equals market value per share / EPS
EPS equals (net income - dividends) / average outstanding shares
I assume you're going off the 2000 server goal for your 6M in revenues.
So lets look at profit:
2000 units at 1000W per unit brings a total of 2,000,000 watts.
at a hashrate of 2000phash that should mine 29 bitcoin per day (at current difficultly levels).
Two scenarios:
1 - Current bitcoin price of $340, 2.5B shares outstanding
29 * 340 = $9860 per day
power at $0.13/kWh = $6240 per day
Other expenses of roughly $250 per day (lease and related expenses)
Profit = 9860-6490 = $3370 per day
$3370 * 365 = $1,230,050 net income
EPS then equals 1,230,050/2,500,000,000 = 0.00049202
PE ratio of 5 gives a share price of $0.0024601
A 1 penny share price would require a P/E ratio of over 20
2 - bitcoin price of $600, 2.5B shares outstanding
29*600 = $17,400 per day
power still at $6240
other expenses still at $250 per day
profit = $10,910 * 365 = $3,982,150
EPS = 4073400/2500000000 = 0.00159286
PE ratio of 5 gives share price of $0.0079643
That second scenario honestly doesn't look too bad. I'd certainly be happy at $0.008. Likely problems with this scenario however:
1 - Bitcoin prices need to double
2 - MELY needs to get 2000 servers AND keep them all running 24/7 which is something they haven't been able to do with even 100 servers
3 - This doesn't take into account the increasing difficulty in mining
4 - This assumes the dilution only got to 2.5B shares.
At 3.5B shares and P/E ratio of 5, the $340 bitcoin price gives a share price of $0.00176
At 3.5B shares and P/E ratio of 5, the $600 bitcoin price gives a share price of $0.00569