It Takes Two

All the fun stuff always happens when I’m on vacation. Two new directors added to the board to take the place of DM. Board goes to ten.

Hard to deny that both of these directors have significant industry and leadership experience. Maybe we should interpret the quotes from Oliver and Stahl in the press release as a sign that everyone is playing nice?

Land of Many Uses

West Texas is a mecca of renewable energy in the United States.

“You get this perfect overlap with both sun quality and wind speed in West Texas,” said Shaun Connell, executive vice president of power at Houston-based tech company Lancium.

But a lot of that wind and solar power is concentrated in remote parts of the state. With no financial incentive, there’s little reason to build out renewable infrastructure to harness this energy.

Enter bitcoin miners. When these energy buyers co-locate with renewables, it creates a financial incentive for buildout and improves the core economics of renewable power production, which has been fraught with volatility.

Can We Call Elon?

Twitter Inc (TWTR.N) said on Tuesday it will offer Tesla boss and entrepreneur Elon Musk a seat on its board of directors, a position he plans to use to bring about significant improvements at the social media site.

The move came after Musk disclosed in a regulatory filing on Monday that he had amassed a 9.2% stake in Twitter, making him its largest shareholder.

Musk to join Twitter board, promises change | Reuters

Wild. Musk buys 10% of the company and they ask him to join the board! Where I come from, the first instinct is to hold large investors in contempt and litigate against them.