Vortex Brands Stock Price, News & Analysis

Vortex Brands Co. (OTC: VTXB) has filed a notice with FINRA for a 25-for-1 forward stock split, effective on February 28, 2022, for shareholders on record by that date. The primary purpose of the stock split is to enhance the capital structure's appeal to a broader range of investors. The company's total market value will remain unchanged due to this split. The Board considered a more substantial increase but opted for the current ratio with plans for smaller stock dividends throughout 2022.

Vortex Brands Co. (OTC: VTXB) has expanded its Bitcoin mining operations by acquiring 8 additional S19j Pro mining units, bringing its total order to 14 and increasing mining capacity by approximately 100% to 2,800 terrahash. The company, which began Bitcoin mining in September 2021, aims to distribute 15% of net proceeds from mining activities as dividends. Vortex is committed to transparency, offering shareholders real-time access to mining results and progress via its corporate Bitcoin wallet address.

Vortex Brands Co. (OTC: VTXB) has acquired three additional S19j Pro (100th) mining machines, bringing its total to six units and increasing its mining capacity by approximately 42%. The new machines are expected to come online in the coming weeks. Vortex aims to provide shareholders with transparency by offering real-time updates on Bitcoin mining results through a dedicated wallet address, enhancing shareholder engagement. However, the company notes potential risks that may affect revenue projections, such as power pricing and Bitcoin market fluctuations.

Vortex Brands Co. (OTC: VTXB) announced a quarterly dividend of $3,658, equating to 15% of its profits for the quarter ending November 30, 2021. The record date for this dividend is January 24, 2022. The company established a Dividend Policy to distribute 15% of profits from its Bitcoin Mining operations to common stock shareholders on a quarterly basis, with expectations for future increases as operations expand.

Vortex Brands Co. (OTC: VTXB) filed its quarterly results for the period ending November 30, 2021, reporting a profit of $24,388 from bitcoin mining operations that generated $30,344 in revenue. The company invested approximately $110,000 in mining equipment and is actively expanding its operations. Vortex has established a corporate Bitcoin wallet for transparency, allowing shareholders to verify real-time transaction data. The company emphasizes that future revenue projections may be affected by various operational challenges including power prices and bitcoin market fluctuations.

Vortex Brands Co. (OTC: VTXB) has announced a 25-for-1 forward stock split effective for shareholders on record as of February 28, 2022. The split aims to enhance the company's capital structure and attract a broader investor base, while the market value of outstanding shares will remain unchanged. The company is finalizing its filing with FINRA, which is required 10 days before the record date. Vortex operates in the cryptocurrency sector, focusing on Bitcoin mining, but warns that revenue projections are subject to various business risks.

Vortex Brands Co. (OTC: VTXB) is expanding its bitcoin mining operations, having mined nearly 0.50 BTC in 60 days and currently operating at 1,400 terahash. The company plans to increase this capacity to 1,700 terahash by January 2022 with new equipment deliveries. Vortex aims to reach 150,000 to 200,000 terahash within 16 to 18 months. The business model supports the launch of electricity recycling, utilizing Phase Angle Synchronization (PAS) to capture waste electricity for operational efficiency, contributing to a greener electrical grid.

Vortex Brands Co. (OTC: VTXB) reported its mining operations performance for October 2021, achieving a total of 0.23905427 BTC mined, averaging 0.007711428 BTC per day. After expenses, the net BTC for the month was 0.18443169. The value of mined BTC appreciated by $641.59, reflecting the company's strategy to hold BTC long-term for shareholder value enhancement. Additionally, Vortex plans to increase its mining capacity from 1,400 TH/s to 1,700 TH/s. Anticipated third-quarter results may exceed 0.50 BTC mined, generating over $34,000 in gross revenue.

Vortex Brands Co. (OTC: VTXB) has announced an increase in its mining capacity by 200 TH/s, raising the total to 1,400 TH/s. An additional 300 TH/s is scheduled for installation in January. Since starting mining on September 21, 2021, the company has mined 0.270629 BTC, averaging 1,100 TH/s, with projected monthly revenues of $16,332.85. The company aims to reach 150,000 – 200,000 TH/s in mining capacity over the next 18 months. Vortex Brands intends to provide regular updates on performance and transparency to its shareholders.