Capex RequirementsCapex requirements to fund the expansion to ~25 EH/s are clearly in management's crosshairs via existing ATM/shelf capacity, cash flow, and the BTC HODL.
Funding StrategyHIVE plans to fund the transaction with existing cash on the balance sheet and a portion of the company's BTC holdings, demonstrating financial stability.
Model AssumptionsManagement expects the HPC/AI business to scale to $100M in ARR by the end of 2025, which is currently not factored into the model.