I spoke w/Chairman Frank Holmes @ the Hive-Presentation. There was a buzz of people around him and I got about 5 minutes worth of time with him and at the same time a pipe burst in one of my properties (life of a real estate investor) so I had to dash out to call out to a few plumbers in time before dinner. That led me to a 2 day break solving a major sewage leak. So I have somewhat only this limited information:
REVENUE: He mentioned they are hoarding Ethereum at the moment and the revenues coming in are $1million per month. However, that amount will jump to $1million per WEEK mid December when the Sweden mine comes into play.
MARGIN He mentioned their margin is 70% so all in total after December 15, the revenue will be $50million annually and a profit of $35million (70% margin).
MARKET CAP: He said that was enough to justify a $1 billion market cap.
He verified that the accumulation in action was from institutions buying in. He said he was at a presentation in Hong Kong the day before the presentation and a few institutions bought in.
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