Rhino Digital audited FY2024 net loss $16.3M; going concern doubt raised

RHINO BITCOIN INC.

Net loss of $16.3M in 2024 vs $6.2M in 2023; accumulated deficit $32.1M as of Dec 31, 2024.
Working capital deficit of $9.5M and negative cash flows from operations of $2.3M in 2024.
Derivative liability of $8.2M; convertible loan payable net of discount $3.1M.
Auditor includes going concern emphasis, citing inability to continue without additional financing.
Bitcoin holdings of $2.0M (Level 1 fair value); $1.2M purchased in 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.