How much of Rhodium Enterprises’ revenue comes from haram?
Rhodium primarily earns its revenue from mining Bitcoin.
Practical Islamic Finance concludes:
None of Rhodium’s revenue comes from anything inherently haram.
Does Rhodium Enterprises rely on interest to operate?
| Year-to-Date for period ended 6/30/2021 | Fiscal year ended 12/31/2020 | Fiscal year ended 12/31/2019 | |
|---|---|---|---|
| Interest Income | $9,051 | $16 | – |
| Total Revenue | $48,181 | $5,150 | – |
| Interest Expense | $9,740 | $422 | – |
| Total Expenses | $30,181 | $6,024 | – |
| Interest Income / Revenue | 18.79% | 0.31% | – |
| Interest Expense / Total Expense | 32.27% | 7.01% | – |
Practical Islamic Finance concludes:
Riba is relied upon in Rhodium’s operations.
What is Rhodium Enterprises’ Environmental, Social, and Governance (ESG) impact?
Environment
Rhodium recently entered a long term lease for a 185 megawatt site powered by renewable energy.
According to Rhodium, the company intends to reach 100% net carbon neutrality by the end of 2022.
Social
No notable social highlights.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Rhodium has a net positive ESG impact.
Comfort Rating
From Rhodium’s business, financial, and ESG reviews, Practical Islamic Finance rates Rhodium stock as:
