RE: Lockdown next week31 Oct 2020 12:19
jdt1990, I strongly recommend you look at the other Bitcoin exposure share too. ARB Argo Blockchain. I think Vela has a holding there too.
Currently mining166 coins per month X Bitcoin price of $13,6K = $2,257600
$2,257600 X 12 months = $27,091,200 = GBP £20,976,580.70 vs current market cap £20 million.
From the interims for H1 2020:
Total number of Bitcoins mined during H1 2020 rose from 306 to 1,669, a 545% increase from H1 2019
? Revenues surge 280% to £11.12m reflecting major ramp-up in production (H1 2019: £2.93m)
? Cash at bank amounted to £1.3m at 30 June 2020, up from £0.16m at 31 December 2019
? EBITDA* increased by 96% to £3.23m (H1 2019: £1.65m)
? Mining margin of 39% (H1 2019: 76%)