1.9M Could go 50c, page-45

Not sure about that TB, revenues are generated from crypto tokens and also rent as a % of the tokens earned by others who might lease up to 50% of the capacity. It's capped at the capacity of the hardware used, not scalable.

Cryptos are generally worth about half what they were when this deal was done, so the maximum revenue capacity of APAC is now half what is was prior. Less overheads, outgoings, power etc I wouldn't be confident of it being EBITDA positive and old mate Kin isn't exactly rushing to launch the project.

In fact I don't think that transaction is even complete I.e. we haven't paid the $1m USD for our share so I'm not certain if or when the deal will be finalised.