RE:RE:Tidewater Midstream sees path to $10M in earnings from crypI understand it this way; In the next 30 days from now Tidewater will be generating $1 million dollars on a "ANNUALIZED" basis (key word annualized or yearly) ($83,333.33 monthly in the next 30 days). Tidewater must be ramping up the Crypto machines now, at the present time, Tidewater must be earning less than the $83,333.33 a month!
Make sense?
Tidewater has seen significant demand for low cost power and is responding by contracting tolls for small scale industrial power supply
related to computer processing, which will be generating approximately $1 million of annualized EBITDA in the next 30 days, for zero capital investment by Tidewater. Tidewater may, subject to significant future contingencies, grow this opportunity to $5–$10 million of annualized EBITDA over the next 12 to 18 months without investing capital, but will evaluate future equity ownership given significant upside potential.