CHP
Bitcoin price rising bodes well for CHP
It’s 20% stake in crypto mining business, GPU.One, has 2 facilities - it’s first one has a total capacity of 18megawatts and it’s second a total capacity of 100megawatts.
Hut8 as an example listed on the TSX has an 18.7megawatt facility fully operational and will have another one fully operational by September with a capacity of 42megawatts.
Hut8 has a market cap of $300m+, gives you an idea of what CHP’s 20% stake could be worth in the future
CHP’s current market cap of $12m is fully priced into its existing assets, NOT INCLUDING GPU.ONE, one of which is 20Four, worth $8m to CHP & expected to list this quarter.
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