Tuesday, October 02, 2018 12:16:30 PM
From Q2 earnings call:
"....reported revenue does not include bitcoins mined by or investor owned partnerships. And as such, it vastly understates our mining activity in the quarter. The actual production of coins mined in the second quarter is 162. That's compared to 94 coins in the first quarter of this year. We need the business decision to get the partnerships up and running at full steam to be a priority. Our CFO can better explain the accounting rules, but in summary, the reported numbers do make us look worse than we actually are...."
162 + 94 * rate of $6,000 per BTC holding $1.5 million in assets not reported on revenue.
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