A lot of similarities here between this one and CSUI/Bitcoin Alley. However, the IPO never took effect, yet.
If you remember from my previous posts, I stated that CSUI will do a secondary offering, 10.0 million shares at $10.00 a share, $100.0 million dollars raised. That’s what this IPO was going to raise, $100.0 million in cash.
That’s exactly what $CSUI can do when their stock hits $10.00. They’ll do a secondary offering and have 50.0 million shares outstanding, not 40.0 million like today, but will have $100.0 million in the bank with just 20% dilution. It’s perfect. And no IPO necessary. No Wall Street Bankers needed to go Public for CSUI Bitcoin Alley.
Rhodium has 33,000 miners
$CSUI has 50,000 miners / 50,000 miners to come
$CSUI a little bit larger, will be 3 times larger once 50,000 more miners deployed.
Rhodium is valued at $1.7 billion market cap with only 33,000 miners, that gives us at 100,000 miners deployed a $5.0 billion plus potential market cap.
Rhodium has Operations in Texas.
$CSUI also expanding into Bitcoin Mining Friendly Texas soon. That’s on top of their 100,000 Miner Tennessee Operation.
CSU/Bitcoin Alley is going to be huge!!!
One difference, and it’s pointed out at the end of the article, but it states that they only mine Bitcoin for themselves.
However, CSUI/Bitcoin Alley, not only mines Bitcoin for themselves, but they serve and work together with smaller bitcoin miners, who cannot compete with big standalone miners. This gives $CSUI an edge. It’s vertically integrated and gives it greater potential for growth as many little miners will flock to Bitcoin Alley to benefit from what I previously mentioned, that being, “Economies of Scale”. $CSUI has contracts for cheap power in place, and the best mining equipment in the world and these smaller companies will flock to Bitcoin Alley to take advantage of these “economies of scale” benefits that bring every penny of savings to their bottom line as 100% “profit”. Gravy. Because CSUI wil not only mine for themselves, but will also mine for smaller mining companies, their opportunity for growth is excellent.
Based upon what I’m seeing, BITCOIN ALLEY could be currently one of the largest publicly traded bitcoin miners out there, and based upon estimates, it soon could be the LARGEST PUBLICLY TRADED BITCOIN MINERS IN THE USA.
And if you have shares of this potentially multibillion dollar reverse merger Bitcoin Mining operator while it’s only a$5.5 million market cap, consider yourself very, very fortunate.
