Hmm, I would have expected a better number from them
As we previously announced, our self-mining operations at our Gedu [data center] experienced curtailment during the first quarter due to seasonally higher electricity prices. However, we have secured a price of approximately $0.0425 per kWh for the Gedu [data center] for the remainder of the year starting on April 1, 2024.
If they can't secure in better price with hydro at the start of the monsoon it's going to look pretty bad after the halving with no price increase, plus they are running on customers' funds, so they need to price their service attractive, just above cost line means no buyers for their plans.