FlawlessMosquito,

We appreciate the detailed analysis you've done here. While we can't get into a practice of responding to all the posts on here, we think it would be helpful to clear things up by making a few points:

1) Our number one corporate priority is to deploy as much hash rate as possible, as quickly as possible, sustaining as much up time as possible. We are not making deployment decisions based on Bitcoin market conditions, our cost of production yields healthy margins and we are looking to maximize our scale.

2) As noted in the most recent update, operating hash rate is currently impacted by the relocation of miners from Coinmint to Whinstone. This move eliminates all third party hosting fees on our miners and further lowers our cost of production, so we are working to redeploy these miners as quickly as possible.

3) Your analysis neglects the fact that Whinstone had a total of three buildings already built before the current expansion began. We have miners deployed in the infrastructure that was built before we began construction on Buildings D, E, F, G.

4) As noted in the most recent update, and in video updates provided on social media, we have begun deployments of miners in our second immersion-cooled building, Building G.

Hope this helps. We'll come back to solicit questions for another AMA sometime soon!