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Thursday, April 15, 2021 2:51:15 AM
Case in point HUT 8. A company literally on fire! Envy of industry and Canadian!
Compare UAMA to HUT 8 (TSX - HUT).
Look at their market cap! Over $1.02B CDN, yes that billion with a "B". Stock trading today at $5.10 USD vs UAMA at $0.07 USD.
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". Just built them to make money and please shareholders!
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.
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. Compare to 6 megawatts at UAMA et al.
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!
Note HUT 8 raising $400M!
UAMA too little, too late and not competitive.
All this illustrates how insignificant UAMA really is.
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