GREE is already generating free cash flow and has strong ownership characteristics.GREE is a grossly undervalued, growing, and low-cost bitcoin miner on absolute terms as well as vis-a-vis its peers.GREE is being mispriced by the market due to low volume overhang from the SPRT merger and mainly an upcoming Title V permit renewal by NY State for emissions.We believe the permit renewal risk is overblown and the stock is mispriced at this level.
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