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The cryptocurrency mining hardware company, BitMiner is planning to move to Norway. The company has already identified that the power usage is less in Norway
The cryptocurrency mining hardware company, BitMiner is planning to move to Norway. The company has already identified that the power usage is less in Norway due to its cold weather, and there is a growing demand for mining hardware in Norway. Thus the company wishes to take advantage of this opportunity. BitMiner is currently evaluating whether or not it is worthwhile to expand into Norway. The company has no current operations in Norway and entry into the country will be an entirely new market for the firm. BitMiner shares are traded on the London Stock Exchange and are priced at 100. The firm has recently paid a dividend of 10 per share. Due to the expected favourable conditions in Norway, it is expected that the firm's dividends will grow at 5% forever. The expected cash flows surrounding ther investment are as follows
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