Nobody's responded to you so I'll add my 2c. Just a warning I do...

Nobody's responded to you so I'll add my 2c.

Just a warning I do not trust the people behind this at all (this is my opinion only and not slander), especially considering the horrible management of XPE which I got stung on. This may (probably will) be incredibly biased.

That market update is a mess and is more buzz than anything else. They're obviously trying to ride the crypto hype train.

FGF is an investment company, so they'll invest their money wherever they see fit. You may know other LICs like WAM, BlueSky etc. Their Market Update says they hold a bit in Cloud Lumen, which they invested in via a convertible note.

Regarding the conversion of energy to currency, my understanding is they're talking about mining cryptocurrency (which in essence is a conversion of electricity into currency) but in a buzzy (and BS if I say so myself) manner - I've never heard anyone talk about it as conversion of energy to currency and if you search it nobody seems to. I may be wrong though, but I do consider myself to be fairly knowledgeable about the field.

So yeah, I haven't looked too much at the LIC basically because I don't trust it at all and would rather miss an opportunity than buy into a turd.