Arsenal Digital Holdings Inc. (OTC:ADHI) Stock In Focus After Recent News
This morning, most investors are expected to look into those companies that may have been in the news cycle on Tuesday, and one of the companies that could well come into focus is Arsenal Digital Holdings Inc. (OTC:ADHI). On March 26, the company announced that its portfolio company, Blackrock Midstream, had hit a major new revenue milestone by hitting revenues of more than $54 million since it had been acquired.
Additionally, the company also announced that it had managed to grow its revenues by more than 10% since the end of the previous fiscal year. In the news release, Arsenal Digital Holdings noted that the achievement further demonstrated its continued commitment to growth and unlocking value for its shareholders.
Due to the growth momentum achieved by the company, Arsenal Digital Holdings also started work on moving a strategic initiative forward. The particular initiative would be the expansion of the business through the construction of a processing plant in South Texas. The expansion of the company was part of a bigger plan to integrate additional services vertically and unleash higher profitability.
The company also enumerated the strategic advantages of the new processing plant. The plant would help drive down logistical expenses while boosting the company’s capabilities. The plant would also help Arsenal Digital Holdings with the task of reclaiming and repurposing waste products.
That would also be in alignment with the environmental sustainability goals of the company. The plant would also provide the company with a basis for benefiting from the higher exploration activities in the Permian and Eagle Ford basins. The company noted that, as per estimates, it could help the company boost its annual revenues by more than $1 million per plant on average. The company hired the services of a major consulting firm, adept at financial strategy and fund raising, to help with the financial structuring of the plant.
