Yes but who is he partnering with then? Because if

Question

Yes but who is he partnering with then? Because if

u start with a small rig, it has its own downfall.

If he's not partnering with existing experienced miner, then forget it!

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17.07.2022

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AHZ Автор вопроса

As I said, miners experience losses. They're not always profitable and this business is rough!

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17.07.2022

JCherk · Accepted Answer

Not sure why people are concerned about the profitability of the mining business...the real value is in mining businesses going public or being bought out at a huge multiple of revenue that is the real value. The mining assets on the balance sheet are just the hard assets...I work with software startup companies and I know how they are valued (anywhere 8-20x revenue). Even if the crypto mining company is valued at 4x revenue for an IPO or a straight buyout that fills the initial hole in the balance sheet...when we hit a bull market...I am sure the multiple will go up significantly along with the revenue figure. Honestly that is our only hope without large capital infusion

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