Management Discussion and Analysis of Results for the half-year to June 30, 2023
Bitcoin prices on average for the six months to June 2023 hover around the $26,000 mark.
- Bitcoin prices on average for the six months to June 2023 hover around the $26,000 mark.
- For the Company, the immediate priority was the location of a new permanent site for its bitcoin operations.
- The earlier site, Columbus in Georgia proved to be untenable following volatile electricity prices as a result of the outbreak of the Ukraine War.
- Following intensive site searches, the Company decided to buy an outright piece of barren land for $1.2 million in April.