Vested with an initial share price of US$7.25 and an average share price at US$6.81 (including premiums over 10 options)
Read till the end to know the name of Company 8.
After my last blog post, there seem to be more people asking about <Company 8> rather than <Company 6>. Maybe because 8 means 发 (Fa/Huat/Prosperity) in Chinese?
Thus, for this post I will be revealing Company 8 first and it will be called “8” in this post.
Part 1 – What the Company Does?
As per Seekingalpha, “8 operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.”
Yes – it is a crypto-mining firm and an industry I had specifically chosen.
This is because there was still no ETF on cryptocurrency
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