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Thursday, March 16, 2023 5:37:53 AM
C&G which is just joint venture partner on a not completed non binding letter of intent, owns the site, the mining equipment, the miners, the generators... all of it and BFCH is supplying I think IT? It's not finalized and very open ended.
So as of today, C&G (not BFCH and their nonexistent clients) has C&G miners (not BFCH"s) running in C&G hot boxes in southern Louisiana. Running on C&G generated power from C&G natural gas connection.
Reread the MOU and you will see who retains assets. That is the people that own everything. C&G is that company not BFCH
Andrew stated that BFCH is not a mining company in their own promo video. They are simply a hosting model with what looks like awful rates. In a place not very forgiving to electrical mining equipment. And not 1 single person in BFCH lives any where near Louisiana so BFCH "support" is remote. This is very bad modeling for a high tech business.
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