Hey guys, I am back with a new play to throw on your watchlist... from a technical analysis and chart perspective it's right back at buy support after two big recent runs to about $3/share. 52 week high sits around $6.27 (multiple hundred percents higher than current $2.12 levels).
With the recent cry-pto sentiment heating up again, this stock meets all the conditions to go on a near-term run.
On top of all that, here is some DD.
**First, $DTCX is expanding its mining operation:**
\- 3,085 Scrypt miners currently deployed
\- 500+ additional miners coming online
\- Expected \\\~21% increase in hashrate
\- New miners were already prepaid, so no major hardware capex is needed.
But here's what really caught my attention:
$51.9M cash + estimated $6M digital assets + ZERO DEBT as per most recent Q2 filings.
They soon after committed $30M to Eagle LNG as a diversification investment into a different sector (US Space Launch fuel), leaving roughly $21.9M of the reported cash balance, while still having about $6M in digital assets and no debt. The Eagle LNG investment itself becomes an asset on the balance sheet, which can appreciate in value if that company continues to execute on their
**The best part, current book value:**
Q2 book value = $74.5M shareholder equity ÷ 39.64M shares = $1.88/share 🤯... assets alone value the company that much.
That's before assigning ANY premium to the expanding mining operation, cry-pto upside, or future investments.
With the stock currently around $2.12, I think the market is barely pricing in the actual assets, let alone the potential upside if the cry-pto cycle really gets going again.
**TLDR: Mining expansion + the general cry-pto recovery + up to $58M liquidity + zero debt sitting near book value.**
**This one is definitely worth watching over the coming weeks. 👀**
**NFA** \- As always do your own DD, but let me know if you will be tagging along for the ride!
