So lpe is going to finance a start up crypto mining company, to the tune of 5m, only having second security on assets, others are infront if things go wrong. Supply electricity to this new entity. Has anyone thought about how many customers the crypto mining company is going to have, margins, cost of the plant, how to pay for electricity etc. What happens if this falls over, lpe most probably will lose there 5m only having secondary security, first security will be paid out. And lpe will also lose its electricity costs owed. Would lpe survive that. Who knows. Alot of risk for a 15% reward, when lpe already has a 15m loan hanging over its head. Crazy stuff
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