Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play

Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play

The approval creates financing capacity, not issued stock, and remains conditional on reorganization and related charter steps. The post Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play appeared first...

Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner's 7 billion share survival play

SOS Limited shareholders approved steps that could expand the crypto-linked company’s authorized share pool 100-fold, giving it far more room to raise equity after it temporarily stopped direct mining and ended 2025 with just $3.2 million in cash alongside about $79.1 million in Bitcoin and Ethereum. A July 27 vote, disclosed July 30, creates capacity only. Any dilution would require SOS to complete the required reorganization and charter steps …

Mineral royalties fetch K28.4 billion in Q1

The Malawi Revenue Authority (MRA) collected K28.4 billion in mineral royalties during the first quarter of the 2026/27 financial year, beating its target of K667.27 million by more. To read more, …