I'd like to get some clarification on this too. I would expect that the issuer would expand over the 200TH but the wording is not clear. Reinvesting would be really great for shareholders and I think it would compensate for the mine being late. Dave also wrote: "We remain committed to delivering the intended value of this investment - both for you investors and for our own investments." This sounds like they would continue to work on 200TH mine.
Dave or tytus could comment on this so the investors wouldn't have to guess how they are going to proceed.
I must be misunderstanding something. But reinvesting means issuer shall grab parts of your dividends and reinvest them into more hardware. As there are a lot of shareholders willing to part with their shares, won't it be the same if you just buy more shares with your dividends? Why waiting for issuer to move income to buying more hardware for everyone when each shareholder can move income into buying more hardware for himself. Is that because current shareholders are hoping someone will miscalculate and they get earn more money / shares / dividends at the end (at the loss of those who miscalculated)?
No, reinvestment means to raise the mine. Reinvestment doesnt really make much sense when you have to buy miner at enduserprices. But when you get the miners at cost, because you own an asic design, then its a complete different thing since only other companies that own an asic design can compete with you.
I never would reinvest in a normal mine since a normal reinvesting mine pays out dividends and reinvests. But regardless of that... the div will go less over time which at the same time lowers the shareprice. So that you dont earn money in total anymore. At least thats what i observed.
So reinvesting the divs in the same mine that only will have 30% less income each 2 weeks is nothing compared to the issuer creating more miners with a part of the divs.
