Thread by @rftylerpage

The stock market is hard to predict or explain day-to-day, and that is especially true for #Bitcoin miners…(1/15)

I can’t speak for the whole market, but given the recent sell-off in mining stocks, I’d like to point out a few salient facts about @CipherInc $CIFR …(2/15)

We revolutionized the #Bitcoin mining industry with our transformational merger deal with $GWAC that we announced in March and closed in August…(3/15)

When the deal was announced on March 5th, our stock was more than double where it closed today…but #Bitcoin was almost exactly the same price it is today…(4/15)

Since then, China banned #bitcoinmining, while $CIFR has: executed power purchase contracts for up to 910 MW in the United States at an amazing 2.7c/kwh…(5/15)

Executed mining rig purchase contracts for up to 19.5 EH/s scheduled to be delivered in 2022 at an extremely competitive price of ~$38.58/TH…(6/15)

Further developed the management team with hires who have spent time at $GOOG, $GS, $CWEN, $JPM, $XOM, etc…(7/15)

Continued construction at our first 5 data center locations…(8/15)

Here’s just a few of our air-cooled containers being constructed…(9/15)

Here’s a drone shot of our first data center site getting ready to accept those containers…(10/15)

Here’s early substation construction work at our 205 MW beast we are building in #Texas to launch in the second half of 2022…(11/15)

We are ready to begin #bitcoin production in the 1Q of 2022, and will continue to revolutionize the mining industry one step at a time...(12/15)

Also, our parent company @BitfuryGroup, hired @BrianBrooksUS, who has done a fantastic job not only being a strong leader for the company, but a strong voice for crypto overall…(13/15)

We cannot control the day-to-day machinations of the stock market, but we are executing at a feverish pace every day, and I have never been more confident in our fundamentals…(14/15)

In the long run, we will keep our heads down and continue to execute, and the market will eventually figure out what we already know…(15/15)