The other 2x qualified bidders that will participate at the auction are:
(1️⃣) Fahrenheit, LLC, whose equity is owned, directly or indirectly, by Arrington Capital, U.S. Data Mining Group, Inc. (d/b/a U.S. Bitcoin Corp.), Proof Group Capital Management LLC, Steven Kokinos, and Ravi Kaza
(2️⃣) the Blockchain Recovery Investment Committee, which includes Van Eck Absolute Return Advisers Corporation, Global X Digital, LLC, or an affiliate thereof including GXD Labs LLC, Plutus Lending LLC d/b/a Abra, and Gemini Trust Company, LLC
@shinnosuke1959 Here's my understanding:Those not in convenience class get equity tokens in the NewCo.They can become part owners as per the term sheet. Those in the convenience class can also opt to get equity tokens, iff they choose to be treated as non-convenience i.e., get 1333$.
@Likecolors1@SimonDixonTwitt@otisa502 @ArturMPA @CelsiusUcc @DefiDon_eth @iTzAnthonyNap Mining going IPO has many variables eg, it turning profitable, it having optimized to have OpeX + BTC returns > Capex. Mining is a competitive low margins immovable business affected by policies governing electricity usage...
@SimonDixonTwitt thank you for your tireless and committed effort, over the past several months. Please discuss next steps leading upto creditor vote with a timeframe in a video