CSUI...November 2021 presentation is interesting......
Accumulated a position in CSUI. I think there is a decent chance that the bitcoin mining operations will be among the assets included in this reverse merger. Depending on exactly how they structure this RM, I like the chances of seeing a move into the 15-30+ cent range. That would be a roughly $5-10M valuation on the legacy shares (shares not owned by the incoming RM target/insiders), which should be around 28-29M shares.
Probably would be prudent to wait and see how this RM gets structured, but the valuation/potential looks reasonably good to me so I'm willing to take that chance. CSIU has an early APLD kind of feel about it (before APLD's reverse split and NASDAQ uplisting, its legacy share count was around 9-10M and it reached a legacy valuation over $50M during a time when the OTC Market was more favorable). If CSUI's reverse merger gets structured reasonably well, these sub-10 cent prices might turn out to be nicely profitable.
I don't know what the current status of their mining operations looks like, but the November 2021 presentation is quite interesting. Obviously there is some deep-pocketed people/entities involved with the mining operations. The text and bullet points from slide 9 of that presentation......
Bitcoin Alley has a power purchase agreement for +100 MW/h of nuclear power at a rate of 0.023 cents Kw/h at our 13.3 acre Decherd, Tennessee location which is scheduled to begin operations in February 2022. Currently, the Company is in advanced discussions with other power providers for an additional 1600 MW/h at a cost per Kw/h of 0.027 cents in a Texas location.
BitcoinAlley currently has 50,000 miners ready for deployment, with a hash rate capacity of 5.5 EH/s.
As a result of this purchase the Company anticipates that it will have approximately 100,000 miners in operation, utilizing approximately 300 MW of energy, by Q4 2022 in TN.
The $525 million purchase order with Miner-va for 50,000 MV-7 (110 TH/s) miners, with delivery set for Q1 2022.
Our initial order with Miner-va is for 600,000 ASIC mining machines.
Market Data 
Markets 
AI
