Nate's Food Co (PK:NHMD)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 15151 Springdale St HUNTINGTON BEACH CA 92649 |
| Tel: | N/A |
| Website: | https://www.natesfoodco.com |
| IR: | See website |
| Key People | ||
| Nate Steck President, Chief Executive Officer, Director | ||
| Business Overview |
| Nate's Food Co. is engaged in Bitcoin Mining. The Company owns application-specific integrated circuit (ASIC) computers specifically designed for cryptocurrency mining. The Company places its Bitcoin Mining equipment with third party datacenters or farms (often referred as a Co-Location) that power and operate its Bitcoin Mining equipment for a fee. The Company is also focused on licensing its developed products consisting of a ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Its product is an original flavor of pancake and waffle batter, and it has developed three flavors for its pancake and waffle mix. It is also exploring options on monetizing its blend of pancake and waffle dry mix. |
| Financial Overview |
| For the six months ended 30 November 2023, Nate's Food Co revenues increased 9% to $9K. Net loss increased 28% to $257K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Loss on change in fair value of derivati increase from $17K to $113K (expense). |
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