RE: Qbt x4 Jan 2024 09:58
Asher - Nice summary. Market valuation is a key factor. With news of a deal , it will have to re-rate and to get from £20m to a minimum of £300m+ .(for revenue generating miners).... is pretty special. Personally, i feel it will do better than that with a deal, as FG is targeting large North American Miners, so the chances are this will continue to re-rate.
Another key point is the financial model, besides the servers (and standard annual maintenance costs ) which are a one off costs, all mining hardware is supplied by the miner.