RE:RE:Awesome News for HIVE; Technical Breakdown for BTCDid you even read the news release? They are looking for ways to finance the project through non dilutive financiang. Which means debt.
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Our vision is to scale the project in phases to be among the largest and most energy-efficient data centres in the world. We continue to explore non-dilutive financing alternatives to commence the build-out as soon as possible." Chrysanthalas wrote: It seems to imply that the facility is fully funded from the cash the company had on hand. That the capital needed was already at hand. Instead of using cash for acquisition they used shares but garned actual assets in the purchase.
Its actually being permited at the sametime that the deal is closing. With Hives current capital I’m sure they won’t need another capital raise.