Friday, April 02, 2021 12:38:14 AM
Compare UAMA to HUT 8 (TSX - HUT)
HUT 8 is Canadian company and knows how to build miners effectively and at low cost. Wow! They didn't spend any time or money on making them look pretty or "green".
Note they have no goofy domes or BS coolers. They focused on building processing power and mining coin. Yes mining coin and they now own more Bitcoin than any other miner in the Western Hemisphere.
Did it all in Alberta of all places. Did it quick and while not pretty, very effectively. Contrast to the BS "greeny-weenie" Blockdomes that cost more and do less!
HUT 8 owns 3,012 Bitcoins with balance sheet value of $186M $CDN as of February 17, 2021. Wonder how many Bitcoin UAMA et al own? My guess none as in ZERO!
Hut 8 has 1,073 PH/s and 109 megawatts of power in production.
Mention this to illustrate how insignificant UAMA's mining was/is. Facts are facts and UAMA can never raise the kind of capital to get into this game now as new more powerful processors are expensive!
UAMA too little, too late and not competitive.
Same can be said for UAMA (TNW Wireless) foray into wireless.
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