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S&P 500
5,022.21
(
-0.58%
)
US TECH 100
17,063.60
(
-1.05%
)
Dow Jones
37,753.31
(
-0.12%
)
Brent Oil
86.98
(
-0.01%
)
Bitcoin
61,008.24
(
-0.45%
)
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Re: None

Tuesday, 10/15/2019 6:57:25 AM

Tuesday, October 15, 2019 6:57:25 AM

Post# of 23845
$GDET Cryptocurrency Segment. The main factor in valuing the company right now, overall, is the fact that it has a crypto mining farm, fully-owned, running 100 top-tier miners, with all-in costs at $0.065/kwh, which is an exceptional level of efficiency for this scale of mining. The company has also indicated that it is ready to expand that mining fleet over the near term.

By our calculations, that cost-basis suggests this segment should be profitable at current bitcoin prices and, hence, will be massively profitable as BTC moves higher in the future.

Consider all my posts my opinion and not advice to buy or sell anything. I post on stocks I own or am considering owning. Do your own DD!

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