Quantum Solutions (2338) · RiskMaterialised
Failure to Achieve Expected Revenue Due to Insufficient Mining Share
First written in FY2019-Q3. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2019.
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Revenue Shortfall and Business Exit Due to Insufficient Mining ShareA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2019MaterialisedAnnual report
「The Company withdrew from the mining business due to declining cryptocurrency transaction volumes, sluggish market prices and other factors.」
The shortfall against expected revenue due to insufficient mining share has materialized in the withdrawal from the business, a full impairment loss on the equipment and the termination of mining-related operations. - FY2019-Q3First statedAnnual report
「The mining business, which began in March 2018, has been unable to secure a mining share due to a decline in cryptocurrency transaction volumes and falling cryptocurrency prices, among other factors, and is currently unable to generate the earnings anticipated.」
It has been stated for the first time as a separate business issue that the mining business was unable to secure mining share amid declining transaction volumes and falling market prices, and consequently could not generate the expected revenue.