Bitcoin mining is a very small part of what we do at Bathhouse. We spend the vast majority of our time obsessing over our product, customers and employee happiness. However, this program has garnered a lot of attention and intrigue because of its innovative approach. At the end of the day, our Bitcoin mine is just a different type of pool heater.
A lot of really smart people have already pontificated on the benefits of Bitcoin from the perspective of human rights, finance, economics, self-sovereignty, and energy grid stabilization. Bitcoin, of course, is an emerging technology and its future is not yet written. From our perspective, if Bitcoin is able to have even a small percentage of the positive impact that we think it might, it would be important to be open minded about it.
As a business, we’re looking at mining as an engineering solution to use energy and capital more efficiently. We provide heated amenities for our guests, which require energy inputs. We would like to be innovators in our industry, both on a product level and on an operational level. To do that, we're always exploring solutions to create efficiencies that conserve energy and capital.