OH VAN NAILED IT!!! Cannabis Supply Distributor Hydrofarm Files for $100 Million NASDAQ IPO<---- When any day! November 12, 2020 at 6:03 pm Breaking Newsby Alan Brochstein, CFA California-based cannabis supply distributorHydrofarmhas filed a preliminary prospectus for up to a $100 million IPO. The company intends to list on the NASDAQ with the trading symbol HYFM. Named underwriters include J.P. Morgan, Stifel, Deutsche Bank Securities, Truist Securities and William Blair.<-- High class! Hydrofarm operates across Canada and the U.S., serving over 2000 wholesale customers with 2 Canadian and 6 American distribution centers. It sells a range of products that include lighting, cultivation equipment, grow media, nutrients and supplies. The vast majority of its customers are specialty hydroponic retailers. In the first three quarters of 2020, the company increased its revenue 40% to $254.8 million compared to the first three quarters of 2019, with about 83% of revenue generated in the U.S. Gross margin during the first three quarters was 18.7%, and the company reported an operating profit of $10.7 million. The company is led by CEO Bill Toler, who was named to the position in 2019 after retiring as CEO of Hostess Brands in 2018. President Terence Fitch, who also joined the company in 2019, worked in a variety of roles at Coca Cola from 1994 before leaving in 2013 to launch a function beverage startup, where he served as CEO. CFO B. John Lindeman joined in March, serving previously as CFO of publicly traded avocado grower Calavo. Holy crap VAN CEO of Hostess!!! YES PLEASE!!!
Hummmmmm- The company intends to repay a term loan facility that matures in 2022 and bears interest of LIBOR plus 850 basis points and another credit facility that matures in 2022 as well. As of September 30th, the company had $113 million in long-term debt and cash in excess of $32 million.
-Hydrofarm's IPO plan has entered the homestretch, with the company setting out its terms. The company plans to sell 8.7 million shares and has given a pricing range of $14–$16. The IPO underwriters have the option to sell 1.3 million additional shares if theIPO stockis oversubscribed. -week of Dec. 7. NEXT WEEK!!!!
Turn The Music Up!!! TravelCenters of America Inc. (TA) 33.98+1.18 (+3.60%)<--- here we go!!! Hang On!!!! As of 2:40PM EST. Market open.
That's pretty interesting. Good stories. You must have just briefly read my post, I wasn't asking because I was thinking about mining these crazy things lol, good lord that's all I need, a bunch of damn 220V metal boxes and Walmart fans everywhere. No the reason I brought it up was I was just doing some DD on this stock ... Riot Blockchain. ($RIOT).... , its up over 200% in about 10 trading days. I wanted to get a good handle on their potential revenue/profit going forward. That picture I posted, yeah they apparently have 1000's and 1000's of those things. If you get a second, check out their operation. https://www.riotblockchain.com/bitcoin-mining Just give it a quick glance and see what you think about the feasibility of this if the price stays at or above $20K / coin. I'd love to hear your take on things. Thanks J
Wow, those pictures don't look anything like our living room, lol. Yea, if they have that much mining hardware, they're making bank! But remember, these hardware have to be replaced/upgraded every few months or so, and the biggest thing that happened is that we had bitcoin halving 6 months ago when the block rewards got cut in half, from 12.5 btc to 6.25 btc They also have electricity costs, but here's the thing, if btc price keeps going up, these guys keep making big buck$$$ and I'm super bullish on bitcoin hitting $50K and then $100K+ so I think these guys are a good bet
JohnnyArb... lol... I gotta ask.... electricity aside.... I can figure that part out easy.... but can ya plink around on their website some more and find us a reason to hate it. Not that we will (hate them)... but we need someone with some expertise to do the colostomy. Find me a reason they'll fail. I can handle their books and the overhead.... That part is easy. But where's the weak link? There's gotta be one. If you get bored lol. No hurry.
Ok, Van, I'll look around. It's going to involve some math, lol, to find out their share of the overall bitcoin network hashrate, i mean if numbers were simple calc, then it's easy work, but most likely not. For example, if they have 10% of all the mining power (i doubt that very much, there's some big players out there, some financed by wall street money, some backed by nation states, heck who knows maybe Chinese miners are backed by ccp, but let's say they have 1%, so there's approximately 1 block each 10 minutes, 6/hr, 144/day blocks. I just looked at the latest block, 659709 about 6.5 btc total rewards (6.25 block reward and then the transaction fees from everyone whose transaction got included 1562 transactions total in that block. 6.5 btc x 144 x 0.01 = 9.36 btc's per day at $19,000/btc = $177,840 per day, x 365 = $65M/yr Minus all the expenses (i.e. electricity, and rent and maintenance, and upgrades), and if they are running a public mining pool, they have to share that with other miners. Maybe they are mining other coins, like LTC so there's other sources of income, maybe they're consulting for wannabe miners and companies and getting paid. That $ amount is extremely volatile and there's luck involved, bitcoin mining is bruteforce, sometimes you get more blocks, sometimes you get less blocks, you just want to wish you sell the coins to pay bills when the price is on the high end, not necessarily when you mined them. Mined coins are sold to big investors in wall street otc for a premium, I think +15% coz they are virgin coins, never used in hacking or darknet or ransomeware, no bad history so to speak, so that just means their income revenue is higher. So, can look into it and if they are truthful in their hash output disclosure which I think they have to be since they're listed on the stock market. Once we know if they are 1% or 3% of total network hashrate, we'll need to watch that over a period of maybe 30 days or at least revisit the numbers once a week. With the price of btc very high, more miners are joining and network hashrate is increasing so either Riot steps up and buys more hardware or upgrades old hardware, their share of the network hash rate will go down, then we have to watch the price of btc every 7 days as well to calculate their income $ revenue m2m snapshot, but don't forget the premium on the virgin coins
I just realized I didn't answer the simple question, how much bitcoin the machines make, but it's because it's based on luck. I remember when I was in mining pool, one time, someone in the pool mined a block using one of these Which everyone was saying was only supposed to happen 1 in 10,000 years , anyway it didn't matter much to him (edit: forgot there was a bonus at the time, i think 5 btc's for the miner that hits the block in the mining pool), the 25 BTC's and transactions (yea, it was before 2 halvings ago, lol) was shared with the whole mining pool miners. So, the missing answer to your question is that it's not so much how much btc 1 of those 4 thousand miners they are getting additional will mine, but the overall cumulative mining power of Riot, because one of their outdated miner that is not supposed to mine a block in 10,000 years could mine one block, just by luck, lol, but it was part of their overall let's say 100,000 Trillion hashes / second current network hashrate is 132 Million Trillion Hashes/second so gotta find out Riot's but network hashrate fluctuates too, so just pick a time point. https://www.blockchain.com/charts/hash-rate ps: 5 btc's bonus was not a big deal, 1 btc was only $300-$400 at the time