There will be plenty of shares for shorts. They now have an ATM EQUITY PROGRAM. This was known before today.
From Feb. 2nd news release:
At-the Market OfferingPursuant to the Equity Distribution Agreement, the Company may, from time to time, sell up toUS$100millionof common shares (“Common Shares”) in the capital of the Company (the “ATM Equity Program”). The Company intends to use the net proceeds of the ATM Equity Program, if any,principally for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes.Mr. Holmes remarked, “We have chosen the ATM Equity Program for several compelling reasons including a much less cost of capital, flexibility to quickly capture opportunities while building our Bitcoin and Ethereum inventory of coins.”Since the Common Shareswill be distributed at trading prices prevailing at the time of the sale, prices may vary between purchasers and during the period of distribution. The volume and timing of sales, if any, will be determined at the sole discretion of the Company's management and in accordance with the terms of the Equity Distribution Agreement. To date, no CommonShares have been distributed by the Company pursuant to the Equity DistributionAgreement.Sales of CommonShares, if any, under the ATM Equity Program are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions, as sales made directly on the TSX.Vor any other recognized Canadian "marketplace" within the meaning of National Instrument 21-101 Marketplace Operation. The ATM Equity Program is being made pursuant to a prospectus supplement dated February2, 2021(the "Prospectus Supplement") to the Company's short form base shelf prospectus dated January27, 2021(the "Base Shelf Prospectus"), filed with the securities regulatory authorities in each of the provinces and territories of Canada.The Prospectus Supplement (as well asthe related Base Shelf Prospectus) is available at the Company's profile on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com.This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Common Sharesreferred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration.