Reglikedomain industry desk

Minds + Machines pockets another $4.4 million from losing fresh TLD auctions

Minds + Machines pockets another $4.4 million from losing fresh TLD auctions

Firm now has $45 million in cash.

Minds + MachinesFresh top level domain name applicant Minds + Machines continues to add to its pile of cash by losing fresh TLD contention set auctions.

In a release out this morning, the firm stated it received $4.4 million for withdrawing applications for .latino, .school and one as-yet-unnamed application.

.School was a four way race won by Donuts. Other applicants included Fegistry and Uniregistry.

.Latino was a two way race won by Dish. Dish participated in an auction of last resort last month (winning .dot for $700k). Perhaps it decided it likes the private auction model better.

Here’s an interesting thing to ponder: Minds + Machines now has a market cap of just over £70 million for its shares traded on the AIM. 40% of that value is right now in cash.

Also on the wire

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