Feb. 3 at 8:41 PM
$BITF $BITF State of Play: Feb 2026 🚨
The "Pivot or Perish" Moment
• ⚠️ The Bad News: Keefe Bruyette just downgraded
$BITF (Late Jan) citing rising leverage and heavy capex for the AI shift. Bitcoin mining profitability also hit a 14-month low this week—it's currently more expensive to mine BTC than to buy it.
• 🛠 The Strategy: Complete exit from Latin America (Paso Pe sold for
$30M) finalized last month. Reinvesting every cent into US HPC/AI infrastructure.
• 🇺🇸 The Big Move: Edie Hofmeister just took over as Board Chair (Jan 14) specifically to lead the redomiciliation to the US and hunt for deeper Wall Street capital pools.
• 🚀 The Catalyst: Washington AI site is the "holy grail."
$128M supply deal for Nvidia GB300 liquid-cooled racks is locked in for a Dec 2026 go-live.
• 📅 Next Milestone: Earnings expected March 26, 2026. Analysts watching for "GPU-as-a-Service" revenue guidance to offset mining losses.
Bottom Line: they underestimate the company’s potential! 💪🏼 load up!