- The company is pivoting to Bitcoin mining machines through a JV with a Highsharp, and the JV recently got a $200 million order from SOS.
- However, Highsharp is being sued over patent infringement while SOS was targeted by short sellers in 2021 and recently received a subpoena from the SEC.
- There is no information about Thor’s margins and I have doubts the SOS order will be completed.
- Considering Singularity is valued at over $250 million as of the time of writing, I think this could be a good moment to open a small short position paired with call options.
For further details see:
Singularity Looks Overvalued Based On Fundamentals And Its Partners Are In Trouble