Texas based cryptocurrency mine hosting and self-mining firm BlockQuarry Corp (OTCMKTS:BLQC) is one of the companies which could be worth looking into at this point. The company already possesses commercial operations.
Trading Data
On Friday, BLQC stock jumped 1.88% to $0.1355 with 58.20K shares, compared to volume of 180.88K shares. The stock moved within a range of $0.1320 – 0.1500 after opening trade at $0.1320.
BlockQuarry Announces Financial and Operational Highlights for the Three and Nine Months Ended Sept. 30, 2022
This past Friday it was in the news after it announced its operational and financial milestones for the three and nine month periods, both of which ended on September 30, 2022. In the three month period, the company managed to bring in revenues of $2.098 million, which reflected a sequential growth of as much as 33% from the revenues of $1.58 million in the previous quarter. In the nine month period, the aggregate revenues stood at $4.46 million and it worked out to a year on year rise of a staggering 1350%.
In the prior period, the company had managed to bring in revenues of $308803. At the end of the period, the total valuation of the assets under the company’s control was $10.42 million and that reflected a year on year rise of 11%. The total liabilities for BlockQuarry stood at $16.4 million as opposed to $16.1 million at the end of September 30, 2021. It could be a good move for investors to keep an eye on the BlockQuarry stock today.
Key Quote
Alonzo Pierce, president and chair of BlockQuarry, stated, “I am extremely proud of our third quarter financial performance, despite very difficult current overall market and cryptocurrency market conditions. We were able to book a phenomenal quarter that featured continued strong topline growth, and we made substantial headway on key corporate objectives.”
