Monday, December 18, 2017 9:20:15 AM
INTV has 104 rigs running 12/15/17, with 500 set for January, but looks like 1500 deal in place.
1500 rigs is 90 BTC per month or about 1000 BTC per year.
Net on that after cost is about 750BTC annual. If they mine for 3 years and net 750BTC each year and hold 2100 BTC on the balance sheet and BTC is $100,000, that makes, ding ding ding, $200M on the balance sheet in 3 years.
$200M in BTC on the balance sheet, can easily be parlayed into other businesses in bitcoin or elsewhere. So, Value here is way more than $200M. Probably upward of $300M to $500M.
But what if BTC goes to $250,000? LOL talking B UNICORN
8m O/S
1500 rigs is 90 BTC per month or about 1000 BTC per year.
Net on that after cost is about 750BTC annual. If they mine for 3 years and net 750BTC each year and hold 2100 BTC on the balance sheet and BTC is $100,000, that makes, ding ding ding, $200M on the balance sheet in 3 years.
$200M in BTC on the balance sheet, can easily be parlayed into other businesses in bitcoin or elsewhere. So, Value here is way more than $200M. Probably upward of $300M to $500M.
But what if BTC goes to $250,000? LOL talking B UNICORN
8m O/S
Penny Stock Analyst, not licensed, but may as well be...
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