CSTR
As we know, the cryptocurrency sector is definitely a volatile one and has been all along.
CSTR has cash on hand and are able to sustain market conditions and execute their plans. With the recent market activity with regards to price fluctuation in BTC, it’s the ones holding inventory of BTC that I would question. This all depends on your toleration to the fluctuations and where you think the price of BTC is heading. Another important positive for CSTR is the latitude to work with BTC and ETH with the equipment they ordered which is suitable for both. ETH has been increasing in value, lately outperforming BTC and requires much less power to produce.
Miners are all seeking cheap power and CSTR has 120 MW of low cost power in Alberta that can open many possibilities to consider. In this sector, it’s all about the POWER!!!
I like the sector and consider CSTR to be well positioned with plenty of room to grow.
I am still holding long and consider these prices to be a buying opportunity.
Stay safe, strong and long!
Cheers