RE:Fortress Announces Purchase of 180 New Mining MachinesThis was great news and the market agrees as per SP appreciation today. However, I'm rather looking forward to an update from the Co about the deployment of the 8 containers in North Dakota. Here's an exercpt from August 25th NR:
The remaining 8 containers have been constructed, and 1,440 MicroBT M31S ASIC miners have been shipped from China. The Company expects these remaining 8 containers will be deployed in the gas field by the end of September 2021 and will bring the Company’s total operating Bitcoin mining hash rate with GAM to approximately 158 PH/s. Fortress also continues to operate its 20 PH/s data center operation in Washington State. Our portfolio of bitcoin mining assets is expected to produce 27.6 Bitcoin per month (based on current difficulty) to Fortress by as the Fortress and GAM expect that the remaining 8 containers are deployed throughout the month of September 2021.
We're more than 2 weeks in October. Even a NR explaining a delay would be appreciated. While we wait for that NR, market has alreday embarqued into our train and my $1 target price makes more and more sense. This Management team knows what it's doing.
Rob