Well I personally feel your decision is a good one but my concern is whether reducing your softcap would affect the business plan. I will like to know
Absolutely not! We have a site ready to "plug and play" into (benefits of partnerships due to longevity) and so we can still offer at least an 8-10% ROI in 'Bearish' markets. The reduction allows us to setup earlier and attract more investment with an operational farm...
But halving your softcap must have an effect on your business plan, right? I mean, you basically have to scale down your whole mining farm and therefore take longer to expand your business? Is the ROI of 8-10% the same you expected for a softcap of 1 million?
The costs remain the same. If we raise over $7m then we would have a big enough power requirement to step down the supply and reduce costs by ~20% and then the ROI would increase