Dries VCL

[Dries VCL @Driko9097]

$CLSK maybe they can buy some undesired electrified land on the cheap to reallocate miners? Equipment is paid for already… 4x oversubbed on the bond - did they pay to much at 8%+ all in? LOI ends soon so extension or deal is expected for Texas. Maybe a prefinance in next 1?

[Dries VCL @Driko9097]

@edvestments @Freedom_By_40 And financing risk should be off the table, a 4X subscription on the bond. Just wonder why they did not opt 7,2 percent or something.. still would have been oversubbed 🤷‍♂️ Texas P1 would be 700-800M extra recurring rev. = 1B Total

[Dries VCL @Driko9097]

@FinancialErnie @CleanSpark_Inc About 2 percent more than comporable deals like HUT8? One of those late movers advantages again! That’s 40M a year extra.. not sure if the triple lease covers that vs others USD/MW wise. Need to check. Might be better to be a bond holder vs shareholder 😅

[Dries VCL @Driko9097]

@edvestments @Ivan90645071 Late movers advantage 😆

[Dries VCL @Driko9097]

@LSarganis30782 @FinancialErnie @CleanSpark_Inc @AIatMeta @smatthewschultz @GaryVec Left over capital can then be used for expansion or faster debt repayment / buybacks.

[Dries VCL @Driko9097]

@LSarganis30782 @FinancialErnie @CleanSpark_Inc @AIatMeta @smatthewschultz @GaryVec They are delivering. When the next lease gets announced for 500MW this is to cheap to ignore. Now the build and interest take a lot of the profit away but it only scales better and better. Plus add the potential in of a BTC move aswell.

[Dries VCL @Driko9097]

@coryaschliman @FinancialErnie @smatthewschultz @CleanSpark_Inc Never mind lol! GJ CLSK! Gotta keep them on their toes 😁

[Dries VCL @Driko9097]

@coryaschliman @FinancialErnie @smatthewschultz @CleanSpark_Inc Never ever trust CLSK on a timeline. They’ll find an excuse. Late to the party is their name of the game.

[Dries VCL @Driko9097]

@Lennard4567 @FinancialErnie @CleanSpark_Inc @coinbase Aaand it happend luckily only for 500 btc… 75M in “lost” cash. Sold well below current prices.

[Dries VCL @Driko9097]

@Lennard4567 @FinancialErnie @CleanSpark_Inc @coinbase We will see when they report sales under market value. :-) Good chance they got called. Also good time to cash out 200-300M for project costs.

[Dries VCL @Driko9097]

@CK_Cryptoklepto Buy high sell low = winning?

[Dries VCL @Driko9097]

$CLSK Matt announced the deal at the worst time possible, down ever since

[Dries VCL @Driko9097]

@BMD458 @smatthewschultz @GaryVec @taylorbmonnig Luckily peers 10xed already. 😂 AI infrastructure spending to high, starting to see first cracks. Late movers advantage, more $ per MW but buildout even more expensive

[Dries VCL @Driko9097]

@_mm85 Would watch plus an update on TIGR/FUTU shenaningans.

[Dries VCL @Driko9097]

@Henry8cj How about the interest payments on 2b? Is that profit aswell? 😅 Let’s lower profit to 180M dividend by the shares.

[Dries VCL @Driko9097]

@MichaelRohland7 Close for years 😅

[Dries VCL @Driko9097]

@FinancialErnie @grok @CleanSpark_Inc Washington load study

[Dries VCL @Driko9097]

@FinancialErnie @ResearchSfl @CleanSpark_Inc @edvestments They had the right to repay the convertible tho iirc? In 2029/2030? They were fighting hard to hold the 19,16 weeks ago and succeeded.

[Dries VCL @Driko9097]

@FinancialErnie Nice write up. What happens with infrastructure afterwards? More MWs or useless? They kept talking about dual operations, then it made more sense. They are very quiet about it now since the tenant does not want it.

[Dries VCL @Driko9097]

@Tomdanq1373 @edvestments @phatprofessor @FinancialErnie Not less anymore, and raw $$ per MWs a lot higher! Like 20% more NOI for only 18 MW more. More uncertainty vs triple net tho

[Dries VCL @Driko9097]

@matthew_sigel How does this deal compare with CLSK? Was the CLSK deal worth the wait? Shareprice says no.