Will iMining Blockchain and Cryptocurrency (CVE:IMIN) Spend Its Cash Wisely? – Simply Wa…

There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for iMining Blockchain and Cryptocurrency (CVE:IMIN) shareholders is whether they should be concerned by its rate of cash burn. For the purpose of this article, we’ll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we’ll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for iMining Blockchain and Cryptocurrency

How Long Is iMining Blockchain and Cryptocurrency’s Cash Runway?

A company’s cash runway is the amount…