> secretly in a cash crunch

What's secret in the fact that literally they've never had a single positive quarter yet, and we're a rack of GPUs being repossesses away from going from a bull to a bear market? Their entire business is based on getting financing from VC, and they've been keeping the lights on by pushing any narrative they could to sustain the hype. Regulatory capture isn't really a conspiracy theory, it's the very exact thing multiple companies in their position have done in the past to avoid a market readjustment they knew they'd lose