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Tuesday, May 07, 2024 1:53:39 PM
They are one of the smaller bitcoin miners but their fleet is highly efficient in terms of production per electricity consumption. They rely on Green Energy available on three continents so their cost per bitcoin is low. Also they have thousands of Nvidia GPUs which they are going to deploy for High Performance Computing for Artificial Intelligence. Apparently they have not yet secured their first customer. They are developing a Computing Cloud configuration, I suppose, because their sites are out in the boonies. This will give them a 2nd income stream which could eventually be more lucrative than bitcoin mining.
And finally, they have weekly Call options trading against the stock. This gives me the opportunity to make a little cash profit every month while holding onto the shares for the long haul. I am very happy with the purchase and upside potential.
Good Luck to All Longs.
![Bullish](/static/images/ih2-bull.png)
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