For me, the aspect of the announcement that stands out is the clear emphasis on DigitalBTC being the biggest, most efficient miner, using the best technology. It just reeks of determination to make the venture a success.
Coming from the guy who has made an IT fortune in a few years, this is powerful stuff. Don't stand between a passionate young entrepreneur and a pile of money. Well, actually I don't think its money that drives him but the smell of success. Again.
BitFury chips are used in production of 40% of coins mined. In other words, DigitalBTC has gone for the most experienced equipment supplier.
The current share price is simply reflecting a lot of old unhappy MEJ Energy holders talking the opportunity to exit. I don't expect any real action until the new company is listed in late May.
MEJ Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
