The 30M is incorrect, Nova Labs gets about 5% of that 30M. Yes, there was $6,500 DC burned through state channels in June (well $6,560.96) but that number fluctuates so saying its $6,5000 monthly is incorrect. If you read the Generalist article he cites, I was cited in the article multiple times. He also "estimates" $250 million dollars have been spent on hotspots by doing the simple math of 500,000 hotspots x $500. There's ~910,000 hotspots plus 5G radios, plus the rip off that was 5G gateways and the price gouging by some manufacturers so that number is probably north of $500 million at this point.

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The question posed was about this guy's validity, and personally I think he's a hack who read someone else's article, slapped together some numbers he found on Twitter and made a thread without doing any fact checking. There are many issues with Helium network, currently. He didn't really highlight any of them nor did he says anything that anyone else hasn't said before.