Ann: IOT signs one of the largest Bitcoin miners, page-21

I was going to post links when I saw announcement but I knew you would find em anyway due to your interests. So tehy want a server farm in a political stable country etc etc. Providing blockchain for govt etc and mining coin with spare capacity

Add to that that it also requires reliable fibre connection and I assume redundancy with their current Sydney servers?

Assuming it is just containerised server farm all remotely controlled and I don't get why you would place it at a single energy source or are they using the fact that it is land next to substation and they can also get power from grid is redbank is down? Most subs don't work like that IMO but I don't know full redbank infrastructure. You would choose a place that was a triplex node for solar, wind,gas, battery ,coal hydro etc near a duplex fibre node so you have redundancy.


Yeah a bitcoin raise sure beats all investment rules. cough cough with a unregulated company etc etc.

So is there some massive tax incentive to do with power production and using power on site and not selling outside that somehow makes this viable in some manner to start up a old power plant that will need a small base load to tick it over but redbank is realistically a peak provider and I can see value in massively expensive substation and smoothing infustructure that you could back a solar farm and battery storage onto. Just not sure I would ever start the old redbank .

I can't work out the full investment case now why you would partner with IOT other than they need a backdoor to a listed entity and will raise via that entity without needing prospectus etc? It is very shady IMO.

So redbank goes broke after 12 months after restart ( say a carbon tax eventuates or a major piece of equipment dies) . IOT contracted to supply power. Like seriously what do they do ?

IOT are just a intermediary clipping the power ticket- why would anyone deal with em? They tried that model with drone reseller idea