Ann: WHSP 2023 AGM Chair Address, page-12

Dont worry too much about SOL's investment in Aeris.
It looks super dumb on the surface but when examined its just another SOL masterstroke.

SOL sold its Round Oak assets to AIS for $234m and also became AIS largest shareholder by giving $80m of that back to AIS to become it biggest shareholder. 30% of the register, albeit at much higher prices.
It didnt take SOL long to see how much of a basket ase AIS was but SOL wanted to protect its investment and didnt want AIS going into VA without it being in the box seat. So SOL offered AIS a lovely $50m loanshark debt package so AIS to keep the lights on a little longer and now holds security over AIS assets as AIS's sole secured creditor.
SOL knows AIS has no real way of ever paying the debt back considering that
1. AIS have churned through all their cash and have SFA left.
2. AIS mining operations are cashflow negative.
3. AIS $50m debt is at a ~ 26% interest rate.
4. AIS net debt is approximately 60% of their current market cap so raising any more capital is not really an option

AIS will likely have to call in the Voluntary administrators very soon and SOL will likely end up reclaiming the Round Oak assets plus AIS's other assets for peanuts.

This is kinda why i like SOL..... they are so far ahead of the game and they always seem to find a way to come out on top.