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New words:
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Removed:
accelerate, achievement, acting, administer, administrator, advantage, advertising, advice, afford, amend, announce, appeal, appointment, approximate, array, Asia, asserting, assistance, assure, authorization, authorize, backing, baseline, beneficially, BMC, branded, breadth, budget, budgeted, cancel, cancellation, Cancom, CEO, certainty, certified, Chair, Chairman, challenge, choose, column, commerce, Compaq, compensated, complied, confidentiality, connectivity, consisting, construe, continuation, continuity, contractually, controller, copy, copyright, costly, creative, customary, database, death, debenture, Deeya, Delaware, delay, delayed, delegated, delisting, descent, deterioration, Dev, developed, developmental, Diligent, disability, discretionary, distribute, diverting, divided, domestically, DSL, effectively, eliminate, embodying, employ, employed, enforceability, entry, essential, execution, expert, expertise, expiration, family, flash, flexible, footnoted, forecasted, formally, founded, founder, fourth, frequent, Geminare, graduate, healthcare, honestly, identifiable, important, improve, improved, inclusion, indemnified, Indian, indirect, informed, infringe, infringement, infringing, innovation, innovative, Institute, interoperability, interpret, introduction, invalidated, Iowa, Ivita, joining, labor, leading, leasing, link, loan, LSI, manufacture, marketability, marketable, materialized, Maxxan, Mechanical, medical, member, Memory, merged, mix, modular, narrowed, negotiate, NEO, NetApp, networking, NI, Nominating, nonqualified, Northpoint, notifying, obsolete, occasion, organizational, outsource, owed, Paladin, Panel, participant, participated, patent, pending, penetration, percent, peter, placement, Policing, posted, preserve, promote, protected, protecting, pursuing, qualify, qualitative, quickly, recommend, refinance, relationship, removed, render, reorganization, rescheduled, rescheduling, retirement, reviewed, role, routinely, salary, Satellite, satisfy, school, scope, secret, Secretary, select, selection, sequential, serving, slowdown, Sprint, study, submitted, superior, swappable, team, telephone, tenure, tier, timing, Toronto, trademark, transferable, turn, UCX, undergo, underwritten, unenforceable, unexpected, unforeseen, University, unreliable, unvested, urge, validity, variability, varying, vehicle, vi, Vice, violation, Violin, waiver, weakening
Financial report summary
?Risks
- Our total revenue is substantially dependent on the prices of digital assets and volume of transactions conducted on our platform. If such price or volume declines, our business, operating results, and financial condition would be adversely affected.
- Our operating results have and will significantly fluctuate due to the highly volatile nature of digital assets.
- The recent disruption in the crypto asset markets may harm our reputation.
- The future development and growth of crypto is subject to a variety of factors that are difficult to predict and evaluate. If digital assets do not grow as we expect, our business, operating results, and financial condition could be adversely affected.
- Cryptocurrency mining activities are energy-intensive, which may restrict the geographic locations of mining machines. Government regulators may potentially restrict the ability of electricity suppliers to provide electricity to mining operations, such as ours.
- Concerns about greenhouse gas emissions and global climate change may result in environmental taxes, charges, assessments, penalties or litigation, and could have a material adverse effect on our business, financial condition and results of operations.
- We rely on hosting arrangements to conduct our business, and the availability of such hosting arrangements is uncertain and competitive and may be affected by changes in regulation in one or more countries.
- We face risks of downtime at hosting sites due to excessive weather or heat, which could have an adverse effect on the mining of cryptocurrency and impact our revenues.
- We may be affected by price fluctuations in the wholesale and retail power markets.
- As cryptocurrencies may be determined to be investment securities, we may inadvertently violate the Investment Company Act of 1940 and incur large losses as a result and potentially be required to register as an investment company or terminate operations and we may incur third-party liabilities.
- If regulatory changes or interpretations of our activities require its registration as a money services business under the regulations promulgated by The Financial Crimes Enforcement Network under the authority of the U.S. Bank Secrecy Act, we may be required to register and comply with such regulations. If regulatory changes or interpretations of our activities require the licensing or other registration of us as a money transmitter (or equivalent designation) under state law in any state in which we operate, we may be required to seek licensure or otherwise register and comply with such state law. In the event of any such requirement, to the extent we decide to continue, the required registrations, licensure and regulatory compliance steps may result in extraordinary, non-recurring expenses to us. We may also decide to cease its operations. Any termination of certain operations in response to the changed regulatory circumstances may be at a time that is disadvantageous to investors.
- Regulatory changes or actions in one or more countries or jurisdictions may alter the nature of an investment in us or restrict the use of digital assets, such as cryptocurrencies, in a manner that adversely affects our business, prospects or operations.
- Our business is dependent on a small number of digital asset mining equipment suppliers.
- Mining machines rely on components and raw materials that may be subject to price fluctuations or shortages, including ASIC chips that have been subject to a significant shortage.
- We may not be able to compete with other companies, some of whom have greater resources and experience.
- The mining data centers at which we maintain our mining equipment may experience damages, including damages that are not covered by insurance.
- The dynamic nature of digital asset exchanges which Bitcoin, and other cryptocurrencies, are traded on may cause disruptions in the crypto asset markets, which may expose us to the effects of negative publicity resulting from fraudulent actors in the cryptocurrency space, and can adversely affect an investment in us.
- It may be illegal now, or in the future, to acquire, own, hold, sell, or use cryptocurrencies, participate in blockchains or utilize similar cryptocurrency assets in one or more countries, the ruling of which would adversely affect us.
- Investors may not have the same protections that exist for traditional stock exchanges.
- Our operations, investment strategies and profitability may be adversely affected by competition from other methods of investing in cryptocurrency.
- Incorrect or fraudulent cryptocurrency transactions may be irreversible.
- Our interactions with a blockchain may expose us to specially designated nationals or blocked persons or cause us to violate provisions of law that did not contemplate distributed ledger technology.
- The price of cryptocurrency may be affected by the sale of cryptocurrency by other vehicles investing in cryptocurrency or tracking cryptocurrency markets.
- Bitcoin is subject to halving, and our Bitcoin mining operations may generate less revenue as a result.
- We may not adequately respond to price fluctuations and rapidly changing technology, which may negatively affect our business.
- The reward for mining cryptocurrency in the future may decrease, and the value of cryptocurrency may not adjust to compensate us for the reduction in the rewards we receive from our mining efforts.
- If a malicious actor or botnet obtains control in excess of 50% of the processing power active on any cryptocurrency network, it is possible that such actor or botnet could manipulate the blockchain in a manner that adversely affects an investment in us.
- Cryptocurrencies, including those maintained by or for us, may be exposed to cybersecurity threats and hacks.
- Malicious cyber-attacks, attempted cybersecurity breaches, and other adverse events affecting our operational systems or infrastructure, or those of third parties, could disrupt our businesses and cause losses.
- Our cash and other sources of liquidity may not be sufficient to fund our operations and there is substantial doubt about the Company’s ability to continue as a going concern within 12 months from the date of issuance of the financial statements and we may not be successful in raising additional capital necessary to meet expected increases in working capital needs and if we raise additional funding through sales of equity or equity-based securities, your shares will be diluted.
- We have a history of net losses. We may not achieve or maintain profitability.
- The failure to attract, hire, retain and motivate key personnel could have a significant adverse impact on our operations.
- Our financial results may fluctuate substantially for many reasons, and past results should not be relied on as indications of future performance.
- We have made a number of acquisitions in the past and we may make acquisitions in the future. Our ability to identify complementary assets, products or businesses for acquisition and successfully integrate them could affect our business, financial condition and operating results.
- We have implemented cost reduction efforts; however, these efforts may need to be modified, and if we need to implement additional cost reduction efforts it could materially harm our business.
- Sales of common shares issuable upon exercise of outstanding warrants, the conversion of outstanding preferred shares, or the effectiveness of our registration statement may cause the market price of our common shares to decline. Currently outstanding preferred shares could adversely affect the rights of the holders of common shares.
- We may issue additional shares or other equity securities without your approval, which would dilute your ownership interest in us and may depress the market price of our common shares.
- The market price of our common shares is volatile and it may decline significantly.
- If our performance does not meet market expectations, the price of our common shares may decline.
- We may be subject to securities litigation, which is expensive and could divert management attention.
- We will continue to incur substantial costs and obligations as a result of being a public company.
- We must comply with the financial reporting requirements of a public company, as well as other requirements associated with being listed on Nasdaq.
- We may be treated as a Passive Foreign Investment Company.
- Certain of our directors, officers and management could be in a position of conflict of interest.
- Future sales of common shares by directors, officers and other shareholders could adversely affect the prevailing market price for common shares.
- We may issue an unlimited number of common shares. Future sales of common shares will dilute your shares.