Edison Investment Research - Wifog Holding AB (FORE) Arcane Crypto - Bitcoin mining project has come on stream

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Edison Investment Research

Richard Williamson

Arcane Crypto - Bitcoin mining project has come on stream

Arcane Crypto has successfully launched its bitcoin (BTC) mining operations (powered by renewable energy) in October after the delivery of the first batch of mining equipment (the second batch is due to be shipped in January 2022). As a result, management expects the group will become cash-flow positive from Q122. The company has also launched the first iteration of its unified tech platform (aimed at becoming the ‘one-stop-shop’ for several products offered by the Arcane Crypto group). Meanwhile, its Q321 results reflect the more muted activity in digital asset markets during the quarter after the sell-off in May.

05/11/2021 1 EN

Underlying

Wifog Holding AB

Wifog Holding AB (publ), formerly Forestlight Entertainment AB, is a Sweden-based company active within the mobile technology industry. The Company operates as a provider of platform for earning points by watching commercials, get rebates when shop online, participate in surveys and solicit friends. The points can then be used to reduce mobile service expenses, buy movie tickets, gift cards and donate for charity. Users can install the Company's application Wifog Photosmart to their Internet browser and redeem the points while shop online. The Company operates through subsidiary Wifog AB. The Company cooperates with various online shops, such as Baby shop, Gastrofy, Nelly, Dustin Home, among others.

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SE0007614722 Nasdaq Nordic Stockholm Sweden

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Arcane Crypto - Bitcoin mining project has come on stream

Arcane Crypto - Termination of coverage

Arcane Crypto - Building a trusted gateway to digital assets

Arcane Crypto - Crypto trading volumes picked up in Q421

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

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