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Spitfire had a breakdown years ago 404
I am exactly 70 spitfire and just started through Europe today with my crypto profits someone saw you down at the soup kitchen yesterday for a free bowl of soup haha
..JUST THINK EVERY 1P MOVE WILL BE 500K TO ME SOON ...
lol ....Suttle whispers in block capitals but youre in control x;)
Thanks for cheering me up spitfire, on a very dreary rainy day/afternoon.
Yup Bitcoin Mania and you’ll see 100% tops I reckon, no Bitcoin Mania and it’s bottom of the Mariana Trench
How heavy are you in this Spitfire? Seriously the fundamentals on this tell a terrible story.
You're reliant on BTC mania for this to go up - which could well happen to be fair but they'll take any strength as a dilution opportunity.
NAHHH not me , too laid back for that bud ! seen and heard it all before lol
I think spitfire is having a breakdown
CHAEBOL ..JUST THINK EVERY 1P MOVE WILL BE 500K TO ME SOON .....ILL SEND YOU A INVITE TO PARTY OK..... OVER AND OUT ..FOR THE LAST TIE !! YOU BORE ME AS WELL AS PROBABLY EVERYBODY ELSE ON HERE TOO APART FROM HARCHRIS..ANOTHER ONE OF YOUR SAD HOPPO'S !! GLA GENUINE HOLDERS !!
Like i said before.....you keep selling em ...i'll keep buying em !!!!!
I SEE YOUR OTHER HOPPO BOWLERS HAS GONE !!! ON A CRUISE HASNT HE?? MIND YOU WHEN YOUR IN YOUR 70'S YOU CAN DROP DEAD ANYTIME SO BEST HIM MAKE THE BEST OF IT I SUPPOSE !!! LOL
We was at 3p 6 months ago ........get it right !
CHAEBOL .....GET A LIFE YOU SAD MAN !!!!!!!
Ald Spitfire lol cheaper entries are coming for you here x I hope you add. Yeh been doom mongering since 170's against your false hopium and here we are at 10p
My doom loop in Argo became sp reality, and yours becomes deluded hope mixed with mental anxiety, hence your outrage at various posters that disagree with you on LSE. Instead of spending your time berating players, start sharpening your skills on the game x
8's are coming load the boat mate x
Agree, when things get euphoric enough these problems should nicely melt away again, or at least be easier for market to forget about for a while.
As much as halving has cut revenue in the obvious way for miners, it works in our favour on the supply side too, just so little fresh btc coming onto market now. When demand increases again should bode well. I see Clsk and Cifr barely selling any in April, Riot pledging not to this year, seems like a trend.
Yeah because we've been watching everything so closely we tend to see all the issues - and there are many to be fair.
However if btc gets to 100k, then the $billion+ annualised projected revenues of the bigger players and bitcoin going to $1million rhetoric will kick in and we should get some fantasy valuations.
100 is the magic number for me as that in my eyes is peak attention from media/etc. I'll be looking to sell then - if it happens. Will sell some before then also just in case. No way do I want to hold another 4 years as I can't see many of the miners surviving a bear.
I was reading the other day a coal miner (Alliance Resource Partners) has decided to mine btc with its excess energy. The optics of this space really are a bag of sh*t 😜
Wow I'm not sure someone would want to buy the site if there's truth to mercury leaks. Miners don't make good neighbours it seems.
Yeah price action all over the place, I had reduced my position beforehand due to unsettling price movements, and then dumped the remainder on the ATM news in the high 2's for a ~40% hit. Then it shot up again to $4 of course - although suspect from this news it's going to head back down. Won't touch it any further.
Tentatively I think BTC might run up again, and if it goes to 80 I'll probably re-balance again (but not SDIG).
Me too, took a bath on it to be honest. For me it was after court case, never quite sure how legitimate these suits are in a country where everyone is suing everyone, but coupled with pretty relentless selling figured it couldn't be good.
https://www.reuters.com/legal/crypto-miner-pennsylvania-hit-with-lawsuit-over-pollution-bitcoin-mine-2024-03-26/
Yeah I did have some SDIG but sold them at a loss on the ATM announcement. Cleanspark builds facilities at 350k per MW, while Bitdeer does them at 100 and something per MW (but they are containers).
However SDIG is an electricity producer though, so a bit different and you'd expect more per MW. Balance sheet has plant and equipment at 144mil but that might include miners at inflated value.
If they were able to sell for a good price maybe they could clear the debt and end up cash positive above mcap. However if it doesn't sell then bad news as you say.
SDIG has a hard sell as they are cleaning up these coal waste piles and seem to be doing a good job, but it's effectively dirty fuel that people don't want to be associated with.
Sdig move seems either pragmatic or a cry for help, not sure which? Will be interesting to see if they do get bought, they do have owning 160MW going for them. They're a little exposed with that debt though, unfortunately for them potential acquirer might be better off playing chicken by waiting for default, then buying unencumbered assets from bankruptcy. Before the sale announcement they filed for a massive offering, maybe that's pre-emptive poison pill against a vulture.
But yeah moral of the story for these tiddlers the economics are unsustainable unfortunately. Argo can't even get as far as the cry for help without any assets.
Digihost, similar profile, no debt, own facilities - mined 85 last month, has cash of $6mil, but an mcap of $45mil. Either they are undervalued or Argo overvalued.
SDIG news interesting as I thought they would survive but it's looking like the mining is no longer viable.
Just shows what we already knew, the mining fundamentals will carry on getting harder and electricity cost and J/T ratings are key. Hopefully BTC picks up and the miners get a reprieve. Will be interesting to see what the CLSK and MARA earnings next week have to say - I bet at least one of them has a purchase announcement. Is Bitfarms a target? Guess we'll see.
What could possibly happen in 3 years?
Argo Blockchain plc (LSE: ARB; Nasdaq: ARBK), a global leader in cryptocurrency mining, is pleased to provide the following operational update for April 2024.
During the month of April, the Company mined 99 Bitcoin, or 3.3 Bitcoin per day (March 2024 - 103 Bitcoin). Daily Bitcoin production in April remained the same as the prior month despite the Bitcoin halving occurring on 19 April 2024. This is primarily due to a temporary but significant spike in transaction fees in the days immediately following the halving.
Mining revenue in April 2024 amounted to $6.6 million, a decrease of 6% compared to the prior month (March 2024: $7.0 million).
As of 30 April 2024, the Company held digital assets worth the equivalent of 12 Bitcoin.
Grant of Equity Awards
On 9 March 2024, the Company granted 7,372,184 Restricted Stock Units ("RSUs") to certain employees in accordance with the 2022 Equity Incentive Plan approved by shareholders at the Company's 2022 Annual General Meeting. The RSUs vest over a three-year period
No it was 'unsurprising', I posted the daily numbers from Corz a week ago to explain this.
In fact Corz' latest daily total was 13.6 BTC, they were mining an average of 30 a day in April!
Its amazing its at this value of mcap tbf. Other miners with more EH less debt must be looking at Argo mcap and thinking to themselves 'how'?
Harchris & Chaebol ...the doom mongers of Argo yet they keep getting surprised with every monthly earnings report RNS's.....keep it up boys lol lets see how you two ' experts ' look next month !!!! lets see if your right next month !!!!