ParcelPal Technology (TSE:PKG) has released an update.
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ParcelPal Logistics Inc. is advancing its plans to establish a major antminer hosting site in the Southern United States with a potential capacity of 100 Megawatts, which could accommodate up to 38,000 antmining machines and generate a projected gross revenue of around $3.4 million per month, with net profit margins estimated at 15-20%. CEO Rich Wheeless expresses optimism for the site’s ability to rapidly scale operations and offer favorable energy rates, contributing to the company’s expansion and revenue potential. The company is finalizing negotiations and expects to launch this new venture in the second fiscal quarter of 2024.
For further insights into TSE:PKG stock, check out TipRanks’ Stock Analysis page.
