I think $500M is to aggressive as a forecast for 2022. Thats: *...

I think $500M is to aggressive as a forecast for 2022.

Thats:
* More than a trippling of Revenue in 4 years.
* An increase in Acutual utilisation from ~36MW to ~116MW (~80MW increase), based on the current $4.3M/MW. (Probably ~$750M in incremental CAPEX.

It would also be quite a logistical feat for them.
It would mean fitting out 20MW per year over the next 4 years.

Given the initial Utilisation at B2 / M2, I don't believe there is evidence of that acceleration, they would have had to be leaping out of the gates.

I'm working on them hitting somewhere between $310M-360M/Yr in Recurring Revenue by that time.