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Stockchase Insights
Cathedra Bitcoin
CBIT-X
RISKY
May 20, 2022
$0.360
Stock price when the opinion was issued
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Small bitcoin mining company. Increased its revenue well over the quarters. Good gross margins and recently profitable. It aims to hold the bitcoin that it mines on its balance sheet and as of December 2021, holds 169.3 bitcoin. Held up well considering the selloff in bitcoin and other bitcoin miners. It is highly risky and speculative, but given its strong balance sheet, it has some merit. Would be mindful of position sizing. Unlock Premium - Try 5i Free