Most of the news sources you read in mainstream press merely aggregate stories — this doesn’t make them less accurate. And while The Block is new, the individual writers have been around for quite awhile and continuously produce good, accurate work. Are there others that you would add to the list?
They don’t have any control over the wind blowing. We have 100% control over the feed stock. My guess is that they aren’t enjoying persistent power at 100% their capacity — we are :)
We’re not saying they can’t use solar or wind to mine (we will build out those applications as well). We’re saying that solar or wind doesn’t give 100% control of the input or feed stock to the miners. We control our input, they don’t.
We get this question a lot. We think about this two ways: (1) we have little experience with follow on decision making and (2) the data shows that if you’re in the best deals, follow on capital doesn’t matter nearly as much as people think.
We’re actively looking at this aspect of our strategy because the math changes on a…