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Ann: IOT signs one of the largest Bitcoin miners, page-4

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  1. ozbestdeal
    123 Posts.
    lightbulb Created with Sketch. 9
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    07/05/18
    11:00
    Post #: 32924827
    20 megawatt @ 11c / kwh
    So IOT will earn $2,200/hr for the next 5 years, this is $96M+ contract if they can revive RedBank power station.
    Contract will be finalised no later than 1 Oct 2018

    My question is, why would bitfury pick Australia to host bitcoin mining. There are other countries with cheaper costs to run these mine.
    IOT Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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