So what do we think the future holds?The crypto miner that Vogogo purchased is in Quebec. Quebec is also the lowest cost producer for renewable energy (Hydro) in the country. The problem is that Quebec is not interested in selling stranded, low cost power to out of province crypto companies.They claim that there is no economic benefit in doing so.
But, they will sell it to existing miners in the provice that are looking to expand and benifit the province.
That is why IMHO VOGOGO will be a takeout target in the near future. It is attractive on three fronts.
1) Existing low cost miner that can grow within the province of Quebec
2) Holder of propriatary crypto tecnology that supports banking
3) One of the only companies that can mine, sell and manage crypto
Surely one of the big boys want this as a play on full intigration.