I want to share some thoughts on funding and the danger represented by Bitfury.
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I do not think Bitfury
has to be externally funded, ...
Yes, this could be true.
I want to share some thoughts on funding and the danger represented by Bitfury.
...
...
Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion)...
Agree, especially if by highly we understand profitability of early 2013. Currently, in general, expecting high returns on mining investments is a pure, difficult to justify, gamble.
AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.