reports
- Richard Williamson
Arcane Crypto - Termination of coverage
Edison Investment Research is terminating coverage on Steakholder Foods (formerly known as MeaTech) (MITC), Mesoblast (MSB), Bluglass (BLG), InMed Pharmaceuticals (INM), Onxeo (ONXEO), Arcane Crypto (ARCANE) and Aberdeen Diversified Income and Growth Trust (ADIG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
- Richard Williamson
Arcane Crypto - Building a trusted gateway to digital assets
Arcane Crypto continues to build its unified platform as a single access point to several proprietary digital asset solutions. It targets family offices and high net-worth individuals (HNWIs), two groups that it believes are underserved by traditional private banks and wealth managers in terms of access to the crypto ecosystem. Meanwhile, its Q122 results were affected by the muted activity in the digital asset markets (Kaupang, LN Markets), and high electricity prices in Southern Norway (Arcane...
- Richard Williamson
Arcane Crypto - Crypto trading volumes picked up in Q421
In Q421 Arcane Crypto reduced its EBITDA loss to SEK3.4m from SEK10.4m in Q420, on the back of higher trading volumes and the gross margin of its crypto broker Kaupang Krypto, as well as the launch of bitcoin (BTC) mining in October 2021. The latter is now fully ramped up after deployment of the second batch of miners in Q122. These operations generated a robust average gross margin of 65% in Q421. However, the subsequent BTC price decline from its all-time high in November 2021, coupled with hi...
- 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). Meanwhil...
- 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). Meanwhil...
- Richard Williamson
Arcane Crypto - Gradually making progress on its agenda
Arcane Crypto and its early-stage portfolio companies continue to make progress (at different speeds) on developing their core products, several of which will be offered on a single platform backed by a unified, cloud-based tech framework. The company plans to enter the bitcoin (BTC) mining business (powered by renewable energy), which we see as promising given the Chinese ban on crypto mining. It raised SEK61.1m in equity in August 2021 to finance this project and management expects that it wil...
- Richard Williamson
Arcane Crypto - Gradually making progress on its agenda
Arcane Crypto and its early-stage portfolio companies continue to make progress (at different speeds) on developing their core products, several of which will be offered on a single platform backed by a unified, cloud-based tech framework. The company plans to enter the bitcoin (BTC) mining business (powered by renewable energy), which we see as promising given the Chinese ban on crypto mining. It raised SEK61.1m in equity in August 2021 to finance this project and management expects that it wil...
Arcane Crypto (ARCANE): Initiation - A play on the digital asset revol...
Edison Investment Research Limited Arcane Crypto (ARCANE): Initiation - A play on the digital asset revolution 04-Jun-2021 / 07:00 GMT/BST London, UK, 4 June 2021 Arcane Crypto (ARCANE): Initiation - A play on the digital asset revolution Since 2018, Arcane Crypto has built a portfolio of diverse early-stage businesses active in the emerging cryptocurrency sector. As a result, it now represents an appealing option on digital assets adoption among banks and financial investors, which has recently gained significant traction. Its recent listing on the Nasdaq First North exchan...
- Richard Williamson
Arcane Crypto - A play on the digital asset revolution
Since 2018, Arcane Crypto has built a portfolio of diverse early-stage businesses active in the emerging cryptocurrency sector. As a result, it now represents an appealing option on digital assets adoption among banks and financial investors, which has recently gained significant traction. Its recent listing on the Nasdaq First North exchange following a reverse takeover provides it with an additional funding route to pursue its ‘buy and build’ strategy.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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