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Sunshine Oilsands ( (HK:2012) ) just unveiled an announcement.
Sunshine Oilsands Ltd. has entered into a non-binding strategic cooperation agreement with BitCruiser Incorporated to establish a large-scale Bitcoin mining farm. Sunshine will provide work and accommodation space and energy supply, while BitCruiser will invest in Bitcoin mining equipment and construct the mining farm. This collaboration marks a diversification for Sunshine, potentially impacting its operations and market positioning by venturing into the cryptocurrency mining industry.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a Calgary-based public corporation listed on the Hong Kong Stock Exchange since 2012. The company focuses on developing its significant holdings of oil sands and heavy oil leases in the Athabasca oil sands region of Alberta, Canada. It is currently working on milestone projects in the West Ells area, with Phase 1 targeting an initial production of 5,000 barrels per day.
YTD Price Performance: -14.66%
Average Trading Volume: 3,059,214
Technical Sentiment Signal: Sell
Current Market Cap: HK$282.8M
For a thorough assessment of 2012 stock, go to TipRanks’ Stock Analysis page.