RATE Group | Imagine Owning iMining Blockchain and Cryptocurrency (CVE:IMIN) And Trying To Stomach Th…
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Imagine Owning iMining Blockchain and Cryptocurrency (CVE:IMIN) And Trying To Stomach Th…

22 Jan Imagine Owning iMining Blockchain and Cryptocurrency (CVE:IMIN) And Trying To Stomach Th…

Posted at 16:27h in Cryptocurrency News by

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iMining Blockchain and Cryptocurrency Inc. (CVE:IMIN) shareholders should be happy to see the share price up 14% in the last week. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. Indeed, the share price is down a whopping 82% in that time. So we don’t gain too much confidence from the recent recovery. The fundamental business performance will ultimately determine if the turnaround can be sustained.

We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don’t have to lose the lesson.

View our latest analysis for iMining Blockchain and Cryptocurrency

With just CA$56,043 worth of revenue in twelve months, we don’t think the market considers iMining Blockchain and Cryptocurrency to have proven its business plan. We can’t help wondering why it’s publicly listed so early in its journey. Are venture capitalists not interested? So it seems that the investors focused more on what could be, than paying…

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