Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
iMining Technologies Inc. operates as a Web3.0 technology firm, specializing in developing solutions for crypto mining, decentralized finance (DeFi), and non-fungible tokens (NFTs). Its market reach extends across Canada and into international territories. The company offers a suite of key services: iminstaking, which involves acquiring and dedicating tokens to validate transactions on various blockchain networks. iminotc, an over-the-counter platform designed to facilitate cryptocurrency investments for its clients. iminpay, a comprehensive system providing both an exchange and an ATM network for convenient buying and selling of digital currencies. iMining Technologies serves a broad spectrum of clients, including individual investors, retail customers, and institutional entities. Originally incorporated in 2007, the company maintains its headquarters in Vancouver, Canada. It underwent a name change in August 2021, transitioning from its former identity as iMining Blockchain and Cryptocurrency Inc. to its current designation, iMining Technologies Inc.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is 'cheap' on EV/EBITDA.