Have you looked at their updated website?
“ EdgeMode is a cryptocurrency mining and High Performance Computing technology company. EdgeMode has contracted large scale hosting capacity and hardware agreements that will deliver a forecasted 10 exahash of hash rate capacity by 2024.”
From their latest filing?
“ The Amendment will not change the number of shares of preferred stock that are authorized, and the total authorized shares will be increased from 505,000,000 to 955,000,000. ”
From the latest 8-k?
“ We will need significant additional capital to execute our business plan, including to make the substantial purchase price payments for Bitcoin mining equipment totaling $270,000,000 which are payable in installments through September 2022, and any failure to raise such capital as and when intended or at all will materially harm our business and prospects.
· We may be unable to raise the capital needed to continue and grow our operations, and if we do raise the capital sought the securities that we issue may have a dilutive effect on our stockholders, a depressive effect on our stock price and/or a restrictive effect on our ability to execute our business plan and growth strategy.
· Our auditors have expressed substantial doubt about our ability to continue as a going concern.
· We will need to incur significant costs to transition to and maintain and operate Bitcoin mining equipment to replace our current equipment which is
designed to mine Ethereum, including sourcing sufficient electricity on reasonable terms which we may be unable to do now or in the future.
· Our mining operating costs, including the costs to operate, maintain, repair and replace our mining equipment, have historically outpaced our mining revenues, which has and could continue to put a strain on our business or increase our losses.”
