Ether Capital Corporation (E:ETHC)
Business Focus: IT Services & Consulting (NEC)
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | 31st Floor, 130 Adelaide, Street West TORONTO ON M5H 3P5 |
| Tel: | N/A |
| Website: | https://www.ethcap.co |
| IR: | See website |
| Key People | ||
| Som Seif Executive Chairman of the Board, Co-Chief Investment Officer | Brian Mosoff Chief Executive Officer, Director | Jillian Friedman Interim Chief Financial Officer |
| Business Overview |
| Ether Capital Corporation is a Canada-based company, which offers an access point to Ethereum through the capital markets. The Company generates yield on its Ether treasury through staking, a process that allows Ether holders to participate in securing the Ethereum network and earn rewards in the form of additional Ether tokens. The Company holds Ether and generates yield on its Ether treasury through staking, builds intellectual property related to staking and Ethereum infrastructure in general, and supplements staking income with consulting and sub-advisory mandates in the digital asset sector. The Company's wholly owned subsidiary is Ethereum Capital Inc. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ether Capital Corp revenues increased 40% to C$5.2M. Net income totaled C$62M vs. loss of C$58.4M. Revenues reflect Staked Ether Rewards increase of 84% to C$4.5M, Interest income increase of 51% to C$69K. Net Income reflects Impairment (impairment reversal) of digi decrease from C$63.5M (expense) to C$20.1M (income), Impairment on investment decrease from C$2M (expense) to C$0K, G/L on Invest HFS. |
| Employees: | 6 as of Dec 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $117.03M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5.21M as of Dec 31, 2023 |
| EBITDA (TTM): | $47.73M as of Dec 31, 2023 |
| Net annual income (TTM): | $62.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.56M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 33,477,220 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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