Sunday, December 17, 2017 11:15:03 AM
They have plans to deploy 500 rigs starting rollout in January on their own using their cash, or, get a financing to deploy 1500 rigs.
So, their annual rate is about 72BTC today, but they can get to 350BTC on their own with their 500 deployment.
Or, 1000BTC annual with a 1500 rig operation.
Word is they have got the financing.
Key to me is net is about 75%, so net on 1500 rigs is about 750BTC annual. In 3 short years they could have 2000BTC on the balance sheet. If BTC is $100,000 then that is $200M on the balance sheet. That can be used to build out other operations.
Amazingly, if BTC goes to something like $250,000, that is $500M on the balance sheet.
Its a mad dash to hoard coins right now, they can build blockchain or whichever in the future. Right now and for 3 years at least in my opinion Its ALL ABOUT NETTING AND HOLDING COINS>
Mature miners can always use futures now to guarantee value of their coins by selling futures. Of course, they could take say 25% of their net profits to try and build out something else, but the focus should be netting and keeping crypto on the balance sheet.
Penny Stock Analyst, not licensed, but may as well be...
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