I think those numbers speak well to the opportunity ahead of them with their pipeline of projects.
I would just ad that its going to take some more capital to build it out. The CEO explained at the time of their last financing, that they needed to increase their equity base to bring in more debt financing in the future....with his PE firm as the largest shareholder, he is very conscious of dilution.
While Bitcoin faithful might not like $SLNH because they don't HODL their coins, I think their practice of cashing in every night might make them more appealing to institutional investors. I also like that they plan to diversify into other "batchable computing", which Michael Toporek said can be much more profitable than crypto mining.
Add in the ESG factors you mentioned, that they actually work "behind the meter" at renewable power facilities and make marginal projects profitable, it just might command a premium as they prove their model out.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
