Okay guys. Nobody’s asking the big question here: where the hell are these guys getting the money from?
Seriously. Think about it.
They’re buying hundreds of thousands of dollars in transformers. These sites cost MILLION's to build out... in HARD ASSETS and labor. They’re continuing to acquire and develop new sites. They’re putting down fat power deposits, building infrastructure, expanding at a pace most OTCs can’t even fake.
That’s not free.
That’s not retail money.
That’s not dilution.
So where’s it coming from?
You dig through the filings and sure, there’s some debt stacking up. But it’s productive debt. It’s tied to revenue-generating infrastructure and growth. And revenue is already ramping. They just posted 170%+ percent revenue growth in Q1. My guess? Q2 is going to blow people’s minds. What 500% for a year by Q4? Yeah that deserves to be a .000 stock lol.
And here’s what most of you are missing:
They’re not raising through dilution.
They’re not dumping shares.
They’re building, not begging.
My take? They’re using some type of deal. They’re likely forming site-specific entities, bringing in capital at the project level, and retaining equity without impacting the core share structure. That’s smart capital. That’s how real infrastructure gets built without torching the float.
They’re probably offering partners or clients a piece of each buildout. You think George West is getting developed with no money upfront? Come on. It’s either customer capital, asset-backed lending, or both. And guess what — that’s non-dilutive to shareholders.
If they were issuing stock, we’d see it in the filings.
We’re not seeing it.
So stop pretending this is just another pink sheet play.
This is the opposite of that.
They’re playing long-term. They don’t care about the share price right now because they’re focused on execution. That’s what separates real companies from trader bait. And I respect the hell out of that.
Go back and watch Brian Snyder’s interviews from a while ago. The guy is way ahead of the curve. Now he’s out here quietly building a digital energy company while the rest of OTC is still arguing over tickers with no product.
Meanwhile, this stock is trading at a market cap that’s a tenth the value of just one of their site builds. That’s not undervalued. That’s straight-up mispriced.
I’m sitting happy on a bunch of sub .006's now and trying to scoop whatever else I can. BTC at 110k might consider moving some more over. Also, damn what a process to even gets funds into OTC to buy. Definitely a first for me. Maybe A.R.T. can sell some shares direct for bitcoin and avoid this conversion FIAT nonsense.
I’m holding this to at least 2 to 3 cents, maybe trim 10% percent to return my basis, but the rest? I’m locking that up. - Good luck getting shares when it runs. I’ve read the financials. I’ve read the filings. I think I know what they’re doing. No idea why more people aren’t doubling down at these levels, but that’s fine with me.
Right now, I like where I’m sitting. I like my basis. I like the setup. Who cares if the stock doesn't move until Q2 filings, scoop up what you can, this shit is gonna be hot. And I like that nobody’s talking about this the way they should be.
Rock and roll boys I'm ready for this ride, are you?
Assets On Hand
From what I can gather, the company has multiple sites in various stages of development:
McAllen Site (10MW)
Fully developed and operational. Based on current market rates of $400K–$500K per MW for operational bitcoin sites, this alone could be worth
$5 million.
George West Site (13MW)
Construction has started, and transformers have been delivered on-site as of the latest update. Once deployed, this site could be valued around
$6.5 million.
Hillmont Site (8MW operational, 16MW expansion planned)
8MW currently running = $4 million in value
16MW planned expansion = $8 million
📍 Total physical asset value: ~$23.5 million across 47MW of infrastructure.
S21 Profitability Basics
To understand the revenue side, let’s look at miner performance:
An Antminer S21 produces around $336/month in gross revenue at current BTC price and network difficulty (NiceHash calculator)
Power usage: ~3.5kW
Power cost at $0.04/kWh = $100/month per unit
That leaves ~$236/month in net revenue per miner
Revenue Split Model (BTBT Agreement)
According to this announcement from MinerMag:
https://www.theminermag.com/news/2025-03-19/bit-digital-bitcoin-miner
CGAC and Bit Digital (BTBT) are in a 35% revenue share agreement:
BTBT supplies the miners
CGAC hosts them at their site and covers infrastructure
CGAC receives 35% of net revenue after power costs
This model means CGAC can scale revenue without needing to own the hardware themselves.
Revenue Potential
Let’s break this down with basic estimates:
George West (13MW – in deployment)
*Estimated capacity: ~3,500 S21s
*Gross monthly revenue: 3,500 x $336 = ~$1.2 million
I'm going to make a guess here on power costs but lets assume 4c per kW/h, it would be nice to know these numbers. It could be lower than this but I couldn't find anything in the financials that reflects this.
Power cost: 13,000kW x 720 hrs x $0.04 = ~$374,000/month
Net mining revenue: ~$826,000/month
CGAC 35% share: ~$289,000/month
Let’s assume this site is running Antminer T21s
Each T21 generates about $336.35/month in gross revenue (NiceHash profitability)
*Power draw: ~5kW per unit
*Power cost at $0.04/kWh = 5kW x 720 hours x $0.04 = $144/month per unit
*Net revenue per unit = ~$192/month
*Assuming ~2,000 T21s (fits into 10MW range):
Gross monthly revenue: ~$672,700
Power cost: ~2,000 x $144 = $288,000/month
Net revenue: ~$384,700/month
CGAC’s 35% share = ~$134,645/month
🟢 Estimated monthly profit for CGAC: ~$130K–$140K
Hillmont Site (8MW live)
https://www.cbs42.com/business/press-releases/ein-presswire/779765223/a-r-t-digital-holdings-secures-24mw-hillmont-bitcoin-mining-facility-for-expanded-operations/
🟢 Estimated monthly profit: $60K–$80K
Total Earnings Potential
Once all 47MW are online, using the same 35% rev share model:
Estimated Monthly Profit: ~$814,000
Annual Profit: ~$9.8 million
Annual Revenue (gross, including power): ~$26 million
(Assuming $0.04/kWh power cost)
Valuation Thoughts
When this company completes these development projects, and looks like they can do it fast!!
https://www.artdigitalcorp.com/post/art-digital-holdings-completes-build-out-and-achieves-full-operations-at-mcallen-texas-facility
Public bitcoin miners are often valued around 8x revenue.
If this company hits $26M in annual revenue, that suggests a:
➡️ Potential valuation: ~$200 million
Which is wild considering how under-the-radar it still is.
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