I still can’t value this. I really have no idea where to start.

But.

a lot of people clearly saw value the last year. A large cap raise has them well funded and was priced $6.50 a share. Since that shares have soared roughly 27% up and back again. So if we make the assumption that far value is near, or at $6.50.

Others on this have commented that the earnings potential of this is bigger than they can comprehend, sentiment I agree with. Other key points have been at execution risk of deploying more units to meet the TAM they have outlined.

My view on this will be along those lines, how well can they execute, and how many units do they roll out annually moving forward? Additionally, how much perfection on those two assumptions are currently cooked into the share price.

I am tempted IRL to use $6.50 as a floor price of value, and make a small investment. With my thesis being based around those 2 points. I will also be keeping a keen eye on the mining cycles to see if that has an affect.