RE: Current mkt cap v next 12 months income17 Feb 2021 20:51
January trading update stated - revenue in January amounted to £2.48 million (December 2020: £1.63 million). Argo generated this income at an average monthly mining margin of approximately 71% for the month of January (December 2020: 60%)
New machines have been delivered adding 127 petahash to the company's existing mining fleet, bringing the Company's total installed computing power to 772 petahash.
By the end of Q2 2021, Argo's total installed mining power will total 1,685 petahash or 1,68 exahash. The remainder of the 10,000 machines required to achieve this target are on order and expected to be delivered in batches between February and June, as previously announced.
So it’s going to possibly treble January’s income of £2.48 million = £7.44 million per month by end of Q2
So where’s the £1 billion mkt value coming from ?