Global Gaming Technologies Corp. (BLKCF)

[Renegades17]

FORK Valuation

Granted a simplistic analysis, but seeking comments:

- FORK has 6,666 Antminer S9s
- I've read that each Antminer S9 has a hash rate of 13 TH/s so the aggregate capacity is ~87,000 TH/s
- FORK should have access to electricity at ~$0.05/kwh based on its capacity in Manitoba, Montana and Mozambique. It could be lower and happy to be corrected on that front

If I plug those assumptions into a Bitcoin mining calculator, at CURRENT arguably depressed prices, the aggregate profit potential should be ~$10mm/year. This ignores the deal with Coinstream, which I'm not sure matters given FORK owns all of Coinstream now.

If I put a 10x multiple on the mining profits, even at today's depressed prices, I get a $105mm valuation. If I add in $10-$20mm for the stake in Distributed Mining and their stake in the hardware company, that gets me to a value of $0.32-$0.35 per FORK share. Again, that's based on current BTC prices, which aren't enough for the vast majority of miners to earn a profit from what I've seen.

Thoughts?