Microelectronics Technology Co. (fka MELY)

[ihubmkasp]

thats...not what I'm saying at all. At 100 servers, they will not be able to cover their basic expenses, much less pay back their hundreds of thousands of dollars worth of short term debt.

They would be able to cover their current short term debt if they can get some long term financing to use for purchasing additional servers. They would probably need to get up to the 500 server range which at the prices they paid for their first 100 would cost in the range of $1M. (100 servers = $250k).

Basically, what I'm saying is that at 100 servers, this is a company that will be out of business shortly. At 500 servers they can continue operating, but will have questionable finances if they continue utilizing short-term debt.

What they need to do is find some long-term financing, but I don't think you'll find many people willing to lend long-term to a bitcoin mining company.