RE:Hive you heard the news?
Singoa58 wrote: Investors prefer they buy more rigs for mining than than this latest venture lol
At the current rate of profit and recent mining expansion, it's not a bad idea to diversify some of the income streams (that's why I'm a fan of retiring old rigs to data centers). It looks low enough risk (not acquiring debt to do this) that even if the holdings trade sideways they won't have a long term negative impact on the balance sheet.
I don't think it'll be a major profit or share driver at the end of the day, but the move also won't result in a whole bunch of red across the balance sheet.