How would DataTank Mining's interests be aligned with shareholders'? As far as I can tell, once the container has been sold, DTM just makes a tiny cut of electricity bills, so your only incentive is to keep the container operating?
The cost of operation and building of DataTank infrastructure is passed through, there is no profit involved.
DataTank Mining's profit comes from deploying 20% of _identical_ hardware alongside the public capacity. Hence, we only earn money if we are successful. The 20% fee on operating cost is used to fund the day-to-day operation, including on-site staff providing various services such as ongoing hardware re-deployments, maintenance and security.
Thanks. For clarity, does the IPO also fund your 20% deployment of identical hardware, or will you be coughing up 2 BTC of your own for every 10BTC invested?
DTMB holders can essentially convert to DTMA-equivalent with the at-cost purchase of mining hardware right? ie, for 0.0165 BTC / unit at current prices.
How will you handle DTMB holders who want different things? Eg, some might want you to help negotiate to franchise their capacity. Others might want to handle their own franchising, while yet others may want to self-mine. Seems like it would be messy to communicate with individual shareholders going in different directions. If the shares are not fungible, there will be more complications when trading shares and issuing dividends on havelock.