Currently unprofitable to mine, even when they have they've run into a bunch of issues.
Cash burn is heavy, they've started accuring some heavy debt now and still aren't able to produce profitably.
It's gone on long enough now, they likely need to raise just for working capital and get their next projects finished even if the price recovers a bit.
They'll need to raise a lot and they cant fail the raise, that means decent sized discount and options. Shorters buy then SPP, close shorts and keep the options.
Currently unprofitable to mine, even when they have they've run...
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