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Everup
If a person is a buyer or seller of ABR shares they are allowed to have a say should it be to your or my liking
In my view as said on Wednesday the way we were entering the long awaited NASDAQ is going to be a shambles and it's turned out exactly like that
Should have been no more share issues till we got a bit of a foot hold
Ordinary shares at ordinary priced would have been the way to enter but all PW has done yet again is to dilute your and my shares and yes what we hold becomes less valuable with every new share issue hope people understand that
Far far to many warrents,share issues and dilution this past 8 months and all I hear is we need the money to put into the company but all I can see is canceled orders of new machine that have not been delivered and may not be who is to know
It's been a shambolic shambles this NASDAQ listing and as ever it's not what you or me write or think will make one bit of difference it's what the markets think and since PW has issued new warrents shares mates rates call them as you like the markets have frowned against them as the share price says exactly that.So if you have any doubts in what I'm saying look at the RNS past 8 months and see everytime share dilution happened we have fallen in price and never recovered
Do I think NASDAQ will be good for ARB
undoubtedly yes but the way we joined hung ordinary people who bought ordinary shares at ordinary prices that's what stinks
Yes, we are still subjected to the DUDders! For any genuine concerns over my comment "could mean we mine around 1,000 coins a month", there have been a fair few similar 'fag packet' calculations over the last 6 months or so. Have a read of:
https://minerdaily.com/2021/how-much-power-does-it-take-to-mine-a-bitcoin/ and maybe you will see where I am coming from. All IMO, DYOR but GL argonauts/true believers - our time WILL COME, 600
The reality is we still have the unfortunate pleasure of having the presence of certain unscrupulous individuals redefining their FUD rubbish in a whole new way, now that we have listed in the Nasdaq. These deluded individuals need therapy for compulsion and addiction issues.
Was an extreme example of everyone upping their hashrate by the same amount and of course won't happen, so we will of course be mining a lot more :) but it will only be a bigger percentage of those 900 a day.
Its a bit worrying 2 rig order cancelled and the July order not even mentioned in an Rns which haven't been installed.
But hopefully some installed through September & oct as promised
With the large number of rigs other companies are stating they have ordered
We can't afford any more supply issues
Yes thanks flowerpot.
I should have stated based on current difficulty of mining..
Next year could be harder/easier….. what isn’t in doubt is we need loads more machines, chip shortages 6 month waiting times minimum……. Lol we need another placing soon ;)
People are forgetting , you can't forecast next years monthly mining result no matter what hashrate we have
Even if we treble power, if everyone else does the same, we will still mine the same amount of btc as today.
There will still only be approximately 900 btc mined a day, as the difficulty will just adjust!
"Its an arms race "...
is the exactly what it is!
Yes you need somewhere to put them and thankfully how we're are funded for it.
But we have to get the rigs delivered to keep a head of the pack.
600… great post but struggling with your figures….
Where do you get 1000 btc per month from? I thought the whole build out of Texas 600 mw would give us 6.0 EH. That Would give arb over 1000 per month, but phase 1 and 2 creates an extra 1.0 eh roughly ? So after first 100mw and existing machines we have about 2.6 eh ? Creating roughly 400 btc per month.
I thought it was very informative thanks .....
Another whoopsie daisy "MY POST 10:00 25/09/2021" apologies, this was in my raft! GL you know who
MY POST 10:00 25/09/2021 The Reality Many peeps seemed to think NAS was going to be our saviour and 10% up on a disappointing $15 pricing is hardly going to burst our banks with excitement. My perspective though: PW does not control the markets, the FUD, or bitty all of which affects PI’s sentiment. Period!
The reality is that on day 1, NAS started to trade later than most expected. Nevertheless, the volume was 2,218,012 (ADS so x 10 for ARB) plus the after-hours trades. On day 2, the volume was 3,064,795 plus the after-hours trades. There was the low of $14.50 and the high of $19.33. Timed to perfection, the FUDder’s again spread the 3-week-old FAKE NEWS on China banning all crypto mining and bitty nose-dived again. Nothing PW, or the brokers, could do with that. Traders had a field day, and the investors are left with another woeful couple of days to ponder.
We do have a raft of news to come. With the 40-day blanket, it could well be we don’t get the well-received monthly operational updates in October, maybe even November. I am hoping this ‘wet’ blanket does not include the LSE and therefore our RNS feed. Time will tell as there are no certainties in life let alone the Stock Market. That absence could well be damaging.
News on new rigs is of paramount importance as is any new ATH for coins mined, margin, and revenue. BUT, we do know we raised $112.5m through the IPO. This is more than enough to build phase 1 and 2 in Texas. If I do remember correctly, Phase 1 plus sufficient operational rigs there, could mean we mine around 1,000 coins a month; not bad compared to 205 coins in August, £6.83m revenue and the mining margin at 86%. Nobody KNOWS what bitty will do, she has Taproot in November, so hopefully some benefits there. We know that at $40k we were making a pretty good profit, so……………….. Then my favourite, Pluto. That could prove to be another absolute blinder, fingers crossed, and top slicing that could pay to kit out Texas 2. What’s next?
This morning has given me time to revise my number crunching. If in September 2022, we hit £4.50 I will top slice, clear my missus’s mortgage and 10% of my humongous new mortgage here. My remaining hodling in ARB will then be a free ride, stress free and a very substantial increase in disposable income. All IMO, DYOR but GL argonauts/true believers - our time WILL COME, 600