Daniel Frumkin

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Daniel Frumkin

Daniel Frumkin

@dfrumps

COO & Co-founder @Reformed_Energy | prev. built @Braiins Insights | mechanical engineering | nomad lived in 🇧🇷🇲🇽🇨🇿🇭🇷🇨🇳🇮🇹

Raleigh, NC Присоединился Ağustos 2013
806 Подписки2.8K Подписчики
Colin Harper
Colin Harper@AsILayHodling·
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!
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Alex Brammer
Alex Brammer@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.
Alex Brammer tweet media
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Cathedra Bitcoin
Cathedra Bitcoin@CathedraBitcoin·
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
Cathedra Bitcoin tweet media
Cathedra Bitcoin@CathedraBitcoin

Last week Cathedra announced its proposed merger with @KungsledenInc Over the next few weeks we’ll be unpacking some of the details of the transaction To start, we will keep it simple. Kungsleden is a developer and operator of alternative high-density compute infrastructure. Kungsleden's current core business consists of hosting services for bitcoin miners. This slide provides an overview of that business model

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Daniel Frumkin ретвитнул
Jason Les
Jason Les@JasonLes_·
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.
Edward@WillHash4Coins

Ecstatic to be able to share this news with you all. Ecstatic to have @RiotPlatforms as a partner in this venture. Grateful to @dfrumps as a co-founder who this wouldn't be possible without. Follow @Reformed_Energy for updates. prnewswire.com/news-releases/…

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