Mining Venture Stock - CPTO

[Anonymous No.7519327]

CPTO is a Canadian crypto mining venture that IPOed last week. I Scooped up 800 shares at 1.35 CAD to give my portfolio some small exposure to crypto. Market Cap of 178M, my guess is the P/B ratio is sitting anywhere between 15-20.

They just got a new CEO, Rob Segal who took over at Ashley Madison for a short stint after their hack.

Here is a mining breakdown of their Ontario operation and a rough estimate I created for their operation.

>1620 BTC / yr - Power Cost: ~5.28M
>7467 ETH / yr - Power Cost: ~1.85M
>42200 LTC / yr - Power Cost: ~1.44M
>2854.8 DASH / yr - Power Cost: ~1.17M

I created a small position in this stock because if it sees any media attention or sees any high volumes the potential upside can be huge. I think the liquidity is a huge plus for anyone who wants exposure to crypto without actually owning crypto.

[Anonymous No.7519381]

>>7519327
Self Bump. Here is their investor information and obviously those estimates will drop over time due to difficulty but they claim they are going to reinvest 50% of their earnings into new gear.
https://cryptoglobal.io/investors-2/