RE:RE:RE:Financials out. Business model isn't viable
well they are building infrastructure to basically mine another exchange for possible rewards. any crypto mining company is betting that the whole crypto system grows. so ya it really does count on bitcoin going up and being profitable as well as ether and other minor cryptos. and we are all betting on that same thing. they've spent a lot of initial capital to get up a large supply of machines in a short period of time, and i think they've done a good job of it. coming online to take advantage and catch up to miners like HIVE. take into account the fact that the 5000 rigs they just got, the shares are subject to an escrow type release at 35 cents. plus the recent 2500 rigs are probably just staying where they are to start mining upon the signing over of shares. they are buying the whole company in its entirety, and the 57.4 million shares aren't likely to get sold immediately. they might play with some, but keep most to cash in at a higher price. just my take on it though. it's all there in the same NR's your reading.