Greg Gibbis

Greg Gibbs inquired about the future direction and potential expansion of the strategic relationship with Tether, and Gold.com's mint production volume, investments, and ability to scale up to meet increased silver demand.

Answer

CEO Greg Roberts outlined current opportunities with Tether including gold leasing, storage, and utilizing Tether stablecoins on retail platforms, with potential for a Gold.com credit card. He noted that mint production is ramping up quickly from 200,000-250,000 ounces per week to nearly 900,000 ounces, emphasizing the importance of liquidity and feedstock supply, while maintaining caution due to market volatility.

Greg Gibbs asked about the future expansion of the strategic relationship with Tether and Gold.com's mint production volume, including investments and ability to ramp up to meet increasing silver demand.

Answer

Gold.com CEO Greg Roberts sees opportunities with Tether beyond gold leasing, storage, and stablecoin utilization, including potential collaboration on the Gold.com credit card and leveraging Gold.com's 40 years of gold trading experience to expand Tether's business. Regarding mint production, Roberts explained that SilverTowne Mint, which had scaled back to one shift, is now ramping up quickly, with anticipated production of over 800,000 ounces this week. He noted the challenge of quickly scaling labor and feedstock but highlighted the company's liquidity and ability to provide silver. Roberts mentioned a peak production of 1.3 million ounces in a week a year and a half ago, aiming to get back to 900,000 ounces, while being cautious due to market volatility.

Greg Gibbis asked about the opportunity with broader sportsbook customers for BetVision, specifically for non-NFL sports coverage, and the product's underpenetration, also seeking clarification on the temporary timing mismatch between revenue recognition and increased cost basis.

Answer

Mark Locke (CEO) noted BetVision is in early days with wide distribution and good uptake, but still has significant growth potential. He emphasized strong results, sportsbooks' desire for high-margin in-play betting, and Genius's higher returns, indicating strong future adoption. Mark Locke (CEO) confirmed the revenue recognition mismatch should start to unwind in Q4 as deals are monetized.