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Wednesday, 03/03/2021 9:29:10 PM

Wednesday, March 03, 2021 9:29:10 PM

Post# of 55249
The RINK facility is in Manitoba, Canada. Canada's low-cost renewable hydropower and cool weather are ideally suited for bitcoin mining operations. The RINK facility is planning a 1.5MW electrical capacity upgrade that will take a year to complete. XTRA intends to acquire 70% of that capacity as part of XTRA's development pipeline.

This is directly off the barchart.com summary.

If they had 37 new miners in 2020 we should expect to see these guys soar as they begin to pay off some of their debts

Basically this is a buy. The overhead on renting space is a little high but these guys clearly got into the game at the same exact time bitcoin started it’s huge run to the top.

I think it’s safe to say we will all get return on this investment if we HODL


[source]
https://www.barchart.com/story/stocks/quotes/CBTC/4510297/xtra-acquires-70-of-rink-phase-1-mining-facility-lease-and-37-new-asic-miners