RE: im up28 Dec 2020 08:37
Lets not get too carried away the share price has trebled in the last 8 weeks.so lets look at the numbers.
Overall looking at the latest half year reports the total costs of the business are about £22 million per year, that mining costs, hosting costs, depreciation admin and financing ..... so if ARb continue to mine 120 coins on average BTC equiv oer month and the price of BTC is $27,000 per coin then the total income will be 120 x 12 X 27000 + $39 mill or £29 mill..less all in expenses of £22 mill gives a profit of £7 mill.... = P/E of 8 going forward.... if BTC goes to $50,000 by year end 2021, thus on average its $38k then profits cud be £18 mill... thats a P/E of 3 going forward.. you pays your money and you take your chance