UAMA miners! Too little too late! Landlord now!
It seems clear Woodland ended the arrangement with UAMA et al and abandoned the processors in place. Think maybe they did that to avoid any liability due to Quebec Court shut-down order. Laliberte had appealed that but lost so safe to assume miners at the time were operating in contempt of Court. The windfall of the old processors was the big announcement in early 2020 as suddenly owned a bunch of old processors. UAMA has hardly any employees and chose to exit direct cryptocurrency mining in favor of renting facilities to other small miners.
Looking at other miners in Quebec and Canada certainly exposes how small and insignificant UAMA Blockdomes really are. There are some significant players who even grew in 2020. Their winning formulas pretty easy to understand. Get cheap power, cheap warehouse or housing for processors and get as many operational as quickly as you can.
The "green pitch" of Blockdomes hasn't attracted much interest. No major miner has bought into savings. They're only interested on mining as much coin as possible as quick as they can. UAMA touts 8-10 MW and others well above 100 MW, so they are much bigger and well established. It's not clear if Blockdomes does much more than make a few global warming advocates feel good!
While complicit posters may rant about UAMA mining operations. Lawry Trevor-Deutsch made if pretty clear in his interview with Coingeek that UAMA was renting mining space and agricultural space. That approach may offer a safe harbour from the Court order.
In the 2020 financials expected in a couple of days you can expect much lower revenues. UAMA will explain that due to Covid-19 though likely switch from direct mining to just acting as landlord and renting processors and facilities to miners and ag customers. Huge difference in revenue from that kind of change to business model and UAMA (and complicit posters) won't be able to suggest a link between UAMA market cap and Bitcoin price.
There's nothing surprising in all of this. Benoit Laliberte and his team are specialists in mediocrity and have the history and track record to prove it. These clowns killed Inelco, Teliphone, Navigata, Westel, TNW Networks, and TNW Wireless. They have never built a business of lasting value.
