Samson Mow on Twitter

“From the Pre-IPO deck, it looks like Bitmain is valuing itself at $14 billion based on projections of $1.87 billion net profit for 2018. That projection is highly unlikely given expected Q2/Q3 losses. Will be interesting to see @KPMG's numbers for those quarters. #BitmainIPO”

Twitter
@Cubanjulioneira @excellion I have it on good authority that #Bitmain 's new mining center in the Pacific NW has not paid the local electric provider to start installation of a new substation. They initially wanted 100MW (insane) and scaled it back when the utility wanted money up front for the whole deal. This could be the tree falling in the woods regarding their cashflow/balance sheet. #bagmain #mining #ipolosion
@TallTim @Cubanjulioneira @excellion everyone's been talking about #bitmain not being able to drop their BCH bags.... but if they are holding 930k+ LTC, thats a possible $50M usd cash-in if desperate.
@christinabahk @Cubanjulioneira @excellion I doubt that. #GDAX order depth is 7768 total #LTC down to 54. The liquidation cascade would be horrific. (Sorry for the re-edits, I'm tired.)
#bagmain #shitcoin #trading