I think a good mining company has three edges:
1. Ability to hold Bitcoin for long-term
2. Ability to acquire cheap energy
3. Ability to acquire cheap miners
Discussion
4. Ability to arbitrage power markets
5. Ability to maximize economic dev and other incentives
6. Site design/operation/efficiency
I’m not sure I’m full on 1. I think it’s probably closer to ‘intelligent multi currency balance sheet and working capital management’.
Great post! Have some zap action.
No.1 is not easy to achieve and it requires more deeper thinking.