Remember when it was all about how they used their claims to bump up the real estate prices?
"I wouldn't be surprised if he is trying to increase the value of the ramshackle West Virginia property by announcing a data centre in the vicinity." (PMT 7/8/20)
Now by leasing the property they can't exactly profit from announcing a data centre yet here we are? Which is it? Might be the plausible explanation is that the current owners don't want to sell it? Or perhaps they have a better way to use the money they would spend on the property???
Indeed $775 per month would allow borrowing of around $150k - that to me seems an extraordinarily good deal for a property worth $2m. With a capital investment of $2m, a trivial 1% interest would net nearly $1000 per month after paying that lease.
EDE Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
