Code Green Apparel Corp (CGAC)

[Sunnymunny]

Hut8 posted their Q1 numbers.

https://finance.yahoo.com/news/hut-8-reports-first-quarter-103000933.html

While their first quarter was messy due to a recent merger, Q1 showed revenue of $250.9 mil
With 54,500 miners and extrapolating that to the 10,000 miners Logan "says" he will get would give $46,000,000 per quarter. If all things were equal, that would be time to dance numbers

This number breaks down on several points
1) Logan's lack of experience and his failure to get to 1,500 miners
I question his ability to get it done, hoping otherwise but let's be real, 10,000 is a big jump
2) Cost of mining the Bitcoin and the current lower price in relation to the halving and awarding Bitcoin
3) terms of any financing and the associated consolidation (sorry, refuse to call it a reverse split)
4) Let's be real, this is basically comparing a startup with questionable operations to one of the bigger miners (sorry, don't know where they rank after the merger)
For this to be a meaningful comparison, Bitcoin needs to be in around $100,000 or higher (Normal predictions are $150,000 and based on previous halving moves, it's a gimme in my opinion. I am ignoring any prediction higher than that but would gladly welcome it.). This is one factor that I'm not worried about.