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@nickelrabbit@EricBalchunas That’s debatable. No doubt they’re bringing in serious cash. But on a pure GAAP basis (established for a reason) I’m pretty certain they’re cash flow negative.
Either way I’m not doubting their potential. Just saying that index rules should be real rules…. Not changed on whim!
@RonSwanonson Ask Iran about the part that “can’t be taken from you”. But luckily for them, now that all the U.S. legit Bitcoin miners are pivoting to AI data centers… they may be able to mine more on their own.
Great take!