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Monday, December 18, 2017 9:20:15 AM
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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