Digital Power Corp (DPW)

[Imperial Whazoo]

Not a new one. They are closing on the one they bought. It always takes longer than anyone thinks reasonable to close on a hydro dam, don't you know? LOL

Apparently, they had the site inspected and there is 1 out of 2 generators that work, so my bet is that it was a negotiation involving that which made the thing go more slowly than I'd have wanted. And I kind of deduced that they were not in at the site yet because the did a co-lo in California (actually, 2 co-lo's.... one in LA itself and another in Orange county) that allows them to zoom ahead without having to get set up at any of their existing mfg facilities or at the dam they have located.

They are mining and making money and their special leverage is the existing relationships as the power supply mfg for the maker of the Antminer hardware. So they can get hardware where other folks are having to purchase through regular channels. In an environment where there is a backlog of hardware available, it helps a lot to be able to get in through some avenue other than the ordibnary sales channel.

But back to the dam.... there is but one dam and it is a real estate deal that closes next week.

Imperial whazoo