RE: Business model?21 Nov 2020 08:32
No worries SB - always good to get back to the fundamentals of why we are all here so early.
I think we can all agree the MCAP is particularly undervalued here.
To clarify certain points:
- ARB has 0.6% of BTC and 5% of ZEC global hashrates
- AUM calculated in e-BTC comprise BTC, ZEC and DOT (that was purchased this year). This has been increasing month on month.
- Miners are owned, but buildings leased with power arrangements until 2023. Buildings are likely going to be acquired soon which could impact AUM.
- Mined coins vary each month, but this month will likely be possibly 30% higher for BTC as there was a big drop in Sichuan miners (up to 50% global hashpower) due to relocation
- ZEC has just undergone a halving, so it will be interesting to have an update on the ZEC strategy and market price
- Revenues vary due to price appreciation and exchange rates
- Your exact numbers are not far off, I would have to go back to some research to spew out the right data
- The HODL strategy is not clear, but I expect will gradually increase AUM, as we are now a pure profit making company printing a fixed supply asset. 2019 was tough, and SP has never truly reflected the real value here. We have put it down to a number of factors, which have been discussed previously, but I’m happy to share my thoughts. They differ somewhat amongst us. I see us broadly as what a junior gold miner wants to be, but can never achieve due to our differences in scarcity and the properties crypto hold that are so attractive.
I see us clearly many multiples from here.
GLADYOR.
Arkonite
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