$GDET In addition, the Company’s expansion in mining capacity follows significant optimization steps taken earlier this year, including a sharp reduction in all-in utility costs (annual energy savings of as much as 41%) and an upgrade in unit-level system performance leading to a powerful increase in hashrate-per-unit-power consumption and sharply augmented system-wide security.
“Individuals and firms that made substantial hardware and technology investments in order to mine cryptocurrencies when Bitcoin was trading well above its present levels are now providing an advantageous secondary market for state-of-the-art hardware,” continued Mr. Idnani. “We have predicated our Mining Segment strategy on the assumption that we would have an opportunity to dramatically expand mining capacity at reduced costs. That opportunity is now in play, and we have negotiated equipment acquisitions accordingly. This step should put the Company in an extremely advantageous position to capitalize on subsequent improvements in BTC exchange rates.”
“Individuals and firms that made substantial hardware and technology investments in order to mine cryptocurrencies when Bitcoin was trading well above its present levels are now providing an advantageous secondary market for state-of-the-art hardware,” continued Mr. Idnani. “We have predicated our Mining Segment strategy on the assumption that we would have an opportunity to dramatically expand mining capacity at reduced costs. That opportunity is now in play, and we have negotiated equipment acquisitions accordingly. This step should put the Company in an extremely advantageous position to capitalize on subsequent improvements in BTC exchange rates.”
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