RE:RE:Datametrex sad :(((Not sure why you think selling and then coming back when the stock bottoms out is so odd. It's called "trading."
To address Ventor's issue, I don't think DM or Ronin actually bought any datacenters, did they? From the NRs I've seen it looks like the datacenters they will be utilizing in China are owned by GoSun, not Ronin. Even the datacenter they announced having "established" in Quebec on 2/6 only says that they "secured" a location. It does
not say they "acquired" a location, which would usually be something a company would want to tell shareholders. So, presumably they are leasing this location to install their, in my opinion, insignificantly small number of GPU mining rigs. I keep seeing announcements every few days about some company or other taking delivery of thousands of miners, so Ronin's 60 rigs is waaayyy behind the curve here.
I may have missed something, but I don't think they's acquired or bought any real property in the Ronin venture, much less an operating datacenter. That and the very small number of rigs they've invested in thus far gives them a good "out" if things continue to deteriorate in the crypto space.
MSGTicker wrote:
Datametrex sad :(((
I still think it's a bit sad that Datametrex decided to buy the hype and waste $10 million on a mining company on shareholders expense, but now as all the cryptos are going back to were they came from. Has Datametrex any plans of what they will do with the data centers as soon as it isn't worth to mine anymore?
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.dm&postid=27844442#JemhwJktAkqgMW4s.99
Ventnor you were out a long time ago... what are you doing back here?