MEDIUMOutside partyCustomer
concentrated customer base (Wholesale Sales and Ancillary Services)
“10-K Item 1A: 'Our Wholesale Sales and Ancillary Services segment is at times dependent on a concentrated customer base.'”
GOLD · Concentration risk · 10-K extracted
Gold.com (GOLD) concentration risks
Updated
The most significant concentration Gold.com discloses is concentrated customer base (Wholesale Sales and Ancillary Services), classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Gold.com’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCounterparty
government mints
“10-K Item 1A: 'Our Wholesale Sales and Ancillary Services segment is dependent on our relationships with government mints.'”
MEDIUMBuilt-inGeographic
outside the United States (including China/Hong Kong via LPM)
“10-K Item 1A: 'We derive a significant portion of our business outside the United States, and are subject to the risk of foreign operations, particularly in the Peoples Republic of China as a result of our acquisition of LPM.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Gold.com's concentration risks are each disclosed qualitatively rather than with specific percentages, but all point in a similar direction: reliance on a narrow set of counterparties and geographies. The Wholesale Sales and Ancillary Services segment is, at times, dependent on a concentrated customer base, a dependency exposure tied to the mix of buyers in that segment, and that same segment is separately dependent on relationships with government mints — a distinct counterparty dependency, since mints are specific institutional partners rather than a diffuse customer set. Geographically, the company derives a significant portion of its business outside the United States, particularly in the People's Republic of China following its acquisition of LPM, a structural exposure tied to foreign-operations risk rather than any single customer relationship. None of these three exposures rises above a medium level of disclosed share, but together they describe a business whose wholesale and ancillary operations are threaded through a handful of customer relationships, mint counterparties, and non-U.S. geography — any of which could introduce variability if a relationship or regional condition changed, even without one dominant single-point dependency standing out.
For the engine’s reasoning on GOLD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Capital Markets
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ABTC | American Bitcoin Corp. | 2 | 1 | 0 | 3 |
| BTBT | Bit Digital, Inc. | 2 | 1 | 0 | 3 |
| BMNR | BitMine Immersion Technologies, | 1 | 0 | 0 | 1 |
| GOLD● | Gold.com, Inc. | 0 | 3 | 0 | 3 |
| BTGO | BitGo Holdings, Inc. | 0 | 1 | 0 | 1 |
| BGC | BGC Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.