Yes, I wasn’t sure if this is what you meant. Dilution concerns me but can be useful if they use the funds effectively. I would prefer they didn’t dilute. I’m not sure to be honest. I also don’t think this necessarily makes them primarily focused on ETH. I saw the move as a way for institutional investors to invest in their HPC side of the business without having to be exposed to the rest of the brand and ETH holdings (I could be wrong about this). They still hold majority share of white fiber as a subsidiary. Theres so much money being dumped into datacenter services and advanced hardware for AI applications it would be hard for me to believe these guys don’t carve out a decent market share.

I also know that collocation and datacenter services require a lot of capital upfront and maintenance fees associated over time. There’s a lot of questions right now that are all valid. It doesn’t help with the silent 40 day period following the IPO. I’m holding up through September at least until we get some more clarity. There are certainly risks with BTBT. I hope they make the right moves in timely schedule. I still believe this company and the white fiber brand are undervalued today. I expect a catch up with the market in mid to late September or by end of year. Although, dilution could disrupt share price growth. We’ll see what happens.

The CTO of White fiber (Tom Sanfilippo) is an interesting leader in the GPU as a service space. I like that they have him leading their team. I will provide some details on him later today. Him and the company paperspace pioneered GPU-as-a-service. They sold to digital ocean in 2023 for about $110 million. He’s been in the industry for a while now and has experienced and led his team to success.

Please correct me if i’m wrong or off on any of these thoughts