Aug. 23 at 5:51 PM
$BITF The Company has a
$300M debt facility to support AI/HPC scaling, 1.0GW planned in Panther Creek PA, directly adjacent to
$AMZN and
$CRWV. The Company just appointed a former AWS executive to its BoD to support AI/HPC scaling initiative.
$230M in Liquidity (Cash+HODL) against
$165M Total Liabilities. BITF is re-positioning itself for NA AI/HPC while continuing to mine ongoing in the interim at reasonable (though lower) margins. They also have a considerable stock re-purchase program in-place, and they have only acquired 10% of their target so far, at/around
$1.25. Multiplier upside from this level (IMO) as I expect an AI/HPC deal here, most likely (and ideally) with AMZN.
$1.4 is the critical support/resistance (IMO), and you can refer/check on the 1YR Daily.
$HIVE $CAN and
$BITF have lagged the broader sector, each has considerable opportunity still (IMO) from current levels.
