Feb. 13 at 7:15 PM
$CORZ
It seems they have sold over 1,800 Bitcoins, which aligns with Russel Cann's statement at the AIM Summit in Dubai that they are gradually (but rapidly) exiting the Bitcoin mining sector to focus entirely on AI/HPC.
The proceeds must have been earmarked to fund the retrofitting of the final 70 MW of the 590 MW contract with
$CRWV — unlike the initial 520 MW,
$CRWV did not pay for this portion.
This could suggest how far along this project is, given that the full 590 MW is scheduled to be operational by the end of 2026/early 2027.
I expect they will discuss this during the upcoming earnings call.
My personal guess is that they must be much further along than most people realize —given that everyone has been overly concerned by the initial delay caused by bad weather.
