RE: TICK UP !!!9 Jan 2023 18:46
Chaebol, arb has reduced it's costs considerably, all the helios costs are now Galaxy Digital's, they are hosting arb there so arb are only paying hosting cost and electricity they are using, I think it is around 80MW, it could be less. Galaxy are thinking long term, Helios is loss making for them same as it was for ARB, they are thinking hindsight, which PW had none of.
Now that ARB have got rid of one oft their largest expense and have reduced their debt by 41 million plus they have over 35 million in the bank, they should be able to hodl what they mine and they should have some money left over to add more miners (putting aside their monthly running costs), their expenses have come down considerably in my opinion. Burn rate should be 1.5 million a month now.
I could be wrong, just my opinion.
Let me know when you open a btc short, I'll cheer you on. ;-)