egan1 : I bet they'll hit the revenue, but if you look at last quarter, their expenses shot up even faster than revenue. A trend I would expect to continue.

egan1 : bc even when the price of btc was over 100k, they still couldn't produce 1 bitcoin for under 100k.

egan1 101669471 : you are the victim in the Wolf of Wallstreet.

egan1 : Nvidia never traded at 113x revenue, lil bro. it will go down if you like it or not.

egan1 : as a short id just like to say, we know what we are doing. I wouldn't be surprised to see 15+ in the short term, but we are all hedged and will cut our exposure as the price rises. i see a lot wrong here in the long term. i don't see this aircraft as economical compared to any other form of air travel. they're burning cash fast, so i think their dilution rate will continually increase for at least 5 years until they ramp production. they're priced like production will start next quarter.

egan1 : why would they 10x without profits?

egan1 : except they can't... they only run ASICs? You can't just switch. A BTC ASIC can't mine anything but BTC.