Quote
Are you BLIND?
All this info was posted a week ago on our telegram news channel!
We made a financial report. read it and go away.
All this info was posted a week ago on our telegram news channel!We made a financial report. read it and go away.
With all due respect, this is not the complete financial report. It shows only the expenses ($1,740,518). We all know this is just a half of the data. What is missing is an income specification (ICO sell and mining) and the final balance sheet - the amount of money that is available after these expenses (probably part in fiat and part in crypto).
However, we can estimate some numbers, until IRM provides the official data. Since about $10 mio were collected in the ICO, after reported $2 mio of expenses we can calculate there is still about $8 mio available. (This is just a guess, I am not affiliated with IRM, so we must wait for the complete financial report).
However, it looks like there is plenty of money left for buying more miners and expanding the business in future! Great!
Depends, did they sell the ETH they raised for fiat?
We are holding. Never sold.
They are holding .. while they held Eth it dropped from 540 to 130 ish .. bitcoin dropped from 7400 to 3600.
they spend allready 1.7 million and logic would dictate that they now have between 5.000.000 and 2.500.000 left from the 10 million they got from their investors minus the 1.7 they spend so worst case they have less then 1 million left i doubt it will be that bad but it is possible.
Offcourse they havent published the actual numbers of whats left because their investors would lose their shit.
Imo their best bet is to Add a hosting for 3rd parties they have more space then they can use cheap power and if they would be really clever they could find use for all that heat they generate besides just blowing it outside.
But i highly doubt it that will happen eventually they will buy back shares with the investors own money for pennies on the dollar and own a datacenter with some miners in it for free.