Daniel Frumkin

Stealth mode finally deactivated. Beyond excited to start sharing what @WillHash4Coins and I have been building @Reformed_Energy and to have @RiotPlatforms as a partner to help us change the global waste-to-energy landscape. prnewswire.com/news-releases/…

@ethan_vera 🍻🍻

@AsILayHodling @blockspace @wsfoxley @cbspears @TheBitcoinConf Congrats man!

Some professional news: Stoked to share that I'm joining @blockspace as editor-in-chief! Looking forward to working with @wsfoxley and @cbspears to bring y'all the best content / news in Bitcoin. We'll be at the @TheBitcoinConf this week, so come say hi!

@WillHash4Coins @AB_Brammer 🤔🤔🤔

Haven't seen the underlying valuation methodology yet, but if this is even directionally accurate, it represents one of the most interesting arbitrage opportunities I've ever seen for #bitcoin companies long power and infrastructure right now. Also suggests public #bitcoin mining companies that own their own infra are drastically mispriced right now.

@CathedraBitcoin @KungsledenInc 🔥🔥

And this slide illustrates why we are so excited about this new business model (and the deal): @KungsledenInc can build bitcoin mining data centers cheaper and faster than anyone else - At $170k/MW Kungsleden has some of the lowest development costs in the industry - Once complete, we estimate the FMV of these sites is nearly 3x the capital invested - At an average hosting rate of $72.50/MWh and expected run-rate electricity cost of $50.00/MWh, Kungsleden can earn stable 31% margins regardless of bitcoin price and network hash rate - This margin does not change with halvings, and the data centers are considerably longer-lived assets that ASICs - Given the low capex, the implied payback is less than 1 year, with an implied cash flow yield of over 100% In summary, with this transaction, we are not just buying Kungsleden’s assets. We are joining forces with one of the best developers in bitcoin mining to print these high ROIC data centers at scale

@JasonLes_ @RiotPlatforms @Reformed_Energy Dan and Ed are awesome. You guys are backing the right jockeys. Congratulations to you all!

Very proud and excited that @RiotPlatforms is a part of this venture with @Reformed_Energy. This is a great example of the problems that Bitcoin mining can help solve, and ties directly to our vertically-integrated strategy here at Riot.

@BTCGandalf @WillHash4Coins @Reformed_Energy @RiotPlatforms Thanks brotha!

@dfrumps @WillHash4Coins @Reformed_Energy @RiotPlatforms Let’s gooooo! Congratulations dude.

@theDrewDag @WillHash4Coins @Reformed_Energy @RiotPlatforms Grazie frà!

@dfrumps @WillHash4Coins @Reformed_Energy @RiotPlatforms Congratulazioni!

@dylanleclair @WillHash4Coins @Reformed_Energy @RiotPlatforms Thanks Dylan 🍻

@dfrumps @WillHash4Coins @Reformed_Energy @RiotPlatforms Congrats 👏