$GREE went through a merger with $SPRT. The merger was an absolute nightmare for holders of $SPRT. They were not given the appropriate number of shares of $GREE relative to the price of the old ticker $SPRT. Not only did they see a -50% loss the stock fell from ~50$ ipo price to where it is today ~$22-$23. Now for some possibly good news. It does look like $GREE has found support in the low 20 dollar range. In my own opinion, I can see this stock starting to climb back up because they mine bitcoin. bitcoin hit a new ath and appears to be on its way past 70k in the near future. So because you $GREE mines bitcoin their price is very heavily related to the price of $BTC.
How does this stock's Hash rate (basically the amount of bitcoin they can mine) relate to their peers. Well
RIOT
hash rate is 2.3 EH/s they have a market cap ~3billon.
MARA
has a hash rate of 1.9EH/s and a market cap of ~5 billion.
HUT
has a hashrate of 1.3 EH/s and a market cap of ~2 billion.
So $GREE has a market cap of ~900 millon and a hashrate of 1.0 EH/s. It is pretty simple too see that they are undervalued relative to their peers. I am long on
GREE
myself and am optimistic for what the future holds for them and bitcoin.
How does this stock's Hash rate (basically the amount of bitcoin they can mine) relate to their peers. Well
RIOT
hash rate is 2.3 EH/s they have a market cap ~3billon.
MARA
has a hash rate of 1.9EH/s and a market cap of ~5 billion.
HUT
has a hashrate of 1.3 EH/s and a market cap of ~2 billion. So $GREE has a market cap of ~900 millon and a hashrate of 1.0 EH/s. It is pretty simple too see that they are undervalued relative to their peers. I am long on
GREE
myself and am optimistic for what the future holds for them and bitcoin.