who knows but the game plan here is faulty. The mining difficulty is rising exponentially and you cannot keep up by scaling and pouring all cash into more rigs. My guess is 25% of profits should go into scaling just to keep growing some, 75% of profits should be held in the form of crypto in cold storage. Maybe 40% into scaling and 60% into crypto...something like that.
If you hold $1M of cash in 5 years that $1M will be worth less than $1M. If you hold $1M in BTC, in 5 years it could be worth $25M.
If they try to scale by using stock right now its a terrible idea because there are 23M at preferred already and 9m trading....
Crypto has to literally go 4x right now to justify 1.50 per share here with 32m fully diluted out.
Yet, if he stripped his Preferred to say 3M, then the fully diluted is 12M, and the PPS would go to about 2.0 at current BTC price and 4.0 if BTC doubles in price.
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