Coin Citadel (CCTL)

[I-Glow]

When do the 36 monthly payments of $158k to 2CRSi start - once again Pillsworth fails to provide any transparency.

So we are supposed to believe that 2CRSi is leasing $5 million in equipment and there isn't any interest as 36 x $158,802.60 = $5,716,893.60 which is exactly the cost of the equipment. I am 8 that the SEC will be interested into doing a deep dive on this very odd deal.

How is CCTL going to pay $158,802.60 per month when in 2020 the revenue was only $19,825 for the entire year.

The largest ETH miner uses over $10 Million in electricity. Last year CCTL used - Mining Electricity = $6,601.

"On January 13, 2021, the Company entered into a Long Term Purchase Contract with 2CRSI for the purchase of 1056 Octopus IO GPU servers, with 4 AMD Vega XT cards each.. The purchase price per unit to include 44 racks and 44 switches for a total gross purchase price of $5,716,803.60. The GPUS servers are ideal for Ethereum mining.

Another digital asset and based upon a different Blockchain protocol than Bitcoin. Financing terms for lease to buy are 36 monthly payments of $158,802.60 plus hosting + electricity + cooling per month per rack 96 GPU $960.00 QFS."

This deal is such BS - it is pretty funny anyone believes it.

IG