Q: What do you think of Minehub? Is it a 'picks and shovels' play on gold rush?
5i Research Answer:
MHUB looks interesting from a business perspective but it remains pretty speculative. Revenues are low and it is currently a negative cash flow business that will likely need financing sooner than later. The stock has run with the mining sector, its main customers. However currently it has minimal sales, in the $2M range (only $712,000 in the first half of 2025) and cash flow was negative $2.8M in the same period. Insiders own about 6%, Abaxx Tech owns 18.4%. Its business helps mining companies lower costs, so we would agree it is a pick-and-shovel type of name. But we would consider, for now, too speculative for an endorsement.