It’s not surprising they securitized $174 million in IPv4. That was survival capital. When you’re operating at a loss of $101M, while refinancing debt in a rising-rate environment, you don’t sit on dormant digital assets !

Read more: https://zurl.co/U8YpT

Cogent’s 10-K: Financials Freefall & Possible IPv4 Lifeline

Cogent’s latest 10-K reveals financial strain & rising debt pressure — making its $174M IPv4 securitization look like necessary liquidity.

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