Revenue Recognition Price > Market Price

Two companies in our sample appear to have multiple quarters where book price (revenue recognized divided by the number of produced bitcoins in the same period) exceeded the maximum end-of-day price observed throughout the quarter.

We believe that the higher prices used to record revenue primarily occurred as a result of that both HIVE and HUT8 have a Canadian Dollar as its functional currency (all other companies we analyzed use US Dollars as its functional currency).
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