- This company’s shares are down 86% YoY due to weakness in its flagship livestreaming business, and China’s ban on crypto mining. The company is relocating its mining operations to the U.S. New mining rigs are currently being put into operation in phases. Target cryptos are Litecoin and Dogecoin, but rig locations are yet to be disclosed. Based on the limited information provided by the company, we are projecting $5M in revenue from this division in FY2022 (16% of total).
Visit Hello Pal International Inc. page for more research, discussion boards and to like, and share.