@RHouseResearch lol it's not paused, it's moving forward, just without Crusoe
Black Hills CEO: "“The 1.8-gigawatt project has not been paused and continues to represent a significant opportunity for the company. Our efforts remain fully directed toward successfully delivering the project.”
@FransBakker9812@SilentAlert1@Bloom_Energy It sounds like it was customer driven, which is bad for the whole sector
Who cares if BE has more fuel cells available if the demand isnt there? Need to know more about why the customer doesn't want this anymore
@bitcoinbutcher1@MarkosAAIG@CrusoeAI@GoldmanSachs The customer would request to slow down if they are realizing demand isnt what they thought it was. If they can't generate the revenue that would justify capex expansion
@bitcoinbutcher1 I mean it doesn't sound like this is about execution...
This sounds like it's on the customer. Which is worse bc that signals potential weakness in demand from the hyperscalers
How are you possibly reading this as bullish for IREN or CIFR?
@biancoresearch@KaosOrControl Right, but the drugs have already been done and the debt is massive
6% is bad either way bc it means the debt just grows even faster