We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not been here a while, just bought miners across the board, apart from Argo, then HODL for a couple weeks, paid off nicely - sold yesterday morning, later than wanted but in time for todays dump
Anyway in terms of other miners, and next halving
It will all be about MARA, HUT and CLSK IMO
I will hedge across all of the others, but:
- MARA are the beast, gets all the attention and volume
- HUT if you believe in BTC then why wouldnt you? They have the HODL strategy and their volumes at time are on par, if not better, than MARA (and in past MARA and RIOT combined). Their B/S is one of the strongest to and as said, if it hits the fan they have sufficient assets to keep lights on
- CLSK their growth strategy is one of the best, didnt go silly in last bull run (similar to HUT) and are now reaping
Other notables include:
* RIOT - similar strategy to ARB but on larger scale
What ARB does have was a large retail following, however, can PW reap this again, I am unsure. Also they have flip flopped between different approaches and strategies, very reactive since board changes last year
Hut 8 have a hodl strategy. If they require additional funds the last thing they will do is sell btc. I thought all the miners had this hodl strategy as many of the miners told investors at 65k btc that they maintain a hodl strategy. Why so many miners sold at under 30k were forced sales to fulfil loan obligations.
Is that a strategy ? Lol hut 8 is in one of the best positions for a miner cash, hodl and pretty good volume. The hodl strategy may prove incorrect but at least they have kept to its guns and haven’t been forced to liquidate btc under 25k when even in November at 69k it wasn’t good enough for the miners that have been forced to sell for the last 3 months.
I mentioned on ST couple of days ago added shorts here on the adr at 632 cents and of course arb at 49/50p
These miners swings are a beautiful thing, could be savage the next downturn.
GLA
"They're unwilling to take any other action and you just KNOW people hate dilutions"
I think they hate companies going out of business even more. I presume the 'haha' means you are joking when you still think they will be first to go. If not then I am really don't know why you think the miner with possibly the strongest balance sheet is the most at risk - and more raises make the balance sheet even stronger not weaker.
The reason I invested in them is I think they are the least at risk. There are plenty of others living dangerously at the moment including ARB - I just wanted to invest in one that I could be very confident would be around in a year's time (and also had a good strategy and seemed good value).
Right,
before you start telling me that your off to tuck the queen in for the night.
I'm off... haha
You are funny
Flowerpot I have literally 20x'd some of my investments in recent years in crypto (obviously helped by the market!). You're talking to the wrong guy. Why don't you know this already? Because telling people about your gains online constantly is stupid. I'm just telling you to stop being a young chaebol. Your gains dont impress me bro!
I mean I casually called the bottom on MSTR when I was giving you tips 8 weeks back. Sadly as you werent grateful so I didnt tell you about another absolute bottom accumulation play I had going on which has yielded me yes, let me check, 270% in a few months. More gains than you've ever experienced, from my work phone, just casually watching the markets. I'm not even going to tell you the ticker. Not until you repent and acknowledge my trading skills!
-----
Ok hexam. Well I think as the raises come in, it will sour the mood for them a bit and they're sort of in a corner. They're unwilling to take any other action and you just KNOW people hate dilutions. I think all miners will recover in the end and their hold will be impressive
Still think theyll be the first to go, haha
"It seems pragmatic to just put on the PW soul patch say "eff it", we're selling a bit of the hold this month"
PW had to sell - it wasn't a choice. Like other miners they have run out of cash so had to use BTC to pay monthly costs, fund growth they had commit to or, as in their case (and like BITF), to reduce their exposure to BTC loans that had become too big a risk.
By contrast HUT8 have plenty of fiat cash so do have a choice and it's no surprise they are reluctant to sell. As to the raise it is actually an ongoing option which may not be used fully and if it is then presumably it will be because they think it generates sufficient additional benefits and/or is a better option than selling BTC or taking out more loans.
As the strategy of using raises has worked out rather well so far I don't blame them for continuing it with this (potential) one.
"Dude, you really need to stop mentioning every time you took 70 quid profit from an £800 investment. "
As you well know I never mention any amount of investment i make ... but it
Was close to 140 % top slice in a month as it happens.
But on belittling while you've lost your shirt here if it makes you feel better
Next he'll be claiming we dont own any hut8 and didn't both top slice there recently
-----
Dude, you really need to stop mentioning every time you took 70 quid profit from an £800 investment. Cant you join a trading discord or something? There's like 100s of them full of newbs like you, you'll be "2xing" with them in no time, lol
Yeah I wonder why even do or talk about a raise. Are they genuine diehards or perhaps just reluctant to go back on the never sell policy for fear of hurting their image and looking like capitulation. There must be a sensible way to tell shareholders their thoughts on why they may need to sell a bit without being called traitors to the cause
It seems pragmatic to just put on the PW soul patch say "eff it", we're selling a bit of the hold this month, who cares, we're not idiots. Or does that start some kind of unraveling of their position if they dare to sell a bit of the HODL?
On the other hand, what its saying to investors now is they're pulling "one of the 3 levers" but with them its 1 of 1 levers. They can only do this one thing and it could start looking a bit weird down the line
Hopefully btc just goes up so no (good) miners have this monkey on their back
I dont think he knows what he's saying or doing to be honest!
Next he'll be claiming we dont own any hut8 and didn't both top slice there recently
Or was it meant for FP?
Obviously not from what I just said - so assume you were being sarcastic?
I think it's safe to say you saw this raise coming?
Hut have plenty to keep the lights on. At the end June they had $60m cash. At the end of July they had 7736 BTC so over $180m they could dip into. So around $240m which is enough for an awful lot of lights.
Their current cash outgo is around $10m per month and they mine a similar amount in BTC a month, so they could possibly keep the lights on by just selling the BTC they mine - but clearly this isn't their policy at the moment.
You missed out the bit that said "The net proceeds of the ATM Program may also be used to repay indebtedness outstanding from time to time, discretionary capital programs, and potential acquisitions."
So basically they've included just about every possible option in the list so really doesn't tell us anything about what they are using it for.
The one thing Hut don't seem to have any problem with at the moment is liquidity. They do seem to have a reluctance to use their BTC stash though (so I agree with your last point) but at today's prices I suggest this is a good thing.
You are Priceless
No wonder your in the mess your in here
Regarding hexams question as to how much they will use for growth:
The Company intends to use the net proceeds of the ATM Program, if any, principally for general corporate purposes (including funding ongoing operations and/or working capital requirements).
Seems like it really is a keep the lights on job or am I reading it wrong. Hold at the cost of dilution seems to be the strategy. Thoughts?
"Not sure why you say this when no other company has released any numbers on their immersion uplift? "
Your stupidly is never-ending !
Argo's rigs are mostly immersion running now. You might be clueless but im sure most people here are capable of having a rough idea about uplift from their mined numbers now the knacker rigs are stripped out !
Not sure why you say this when no other company has released any numbers on their immersion uplift? By what metric are you judging this?
I think even you have to agree you don't know the first thing about running an immersion only facility.
I mean, you can't even spell, lol (no offence)
Agree - it's a race you don't need to win but one where you need to do well enough to stay in contention. It's still a race though.
Immersion turbo ....
Will be interesting to so see how much or little this will be after this months numbers.
4 months of adjustment mining with Immersion now, they should be purring by now.
It's a race due to the halving cycles. You mine twice as much BTC in the current cycle (6.25 block reward) as the next cycle.
That doesn't mean Argo needs to mine the most bitcoin and be number 1 listed miner (currently Core Scientific). However it needs to run its own race and not crash the car. If it is gaining ground fastest on the other contenders then it is winning.
Immersion turbo overclocking boost and engine upgrade (intel/epic) still to be installed.
"wouldnt imagine their worried about racing themselves too much"
...to be fair some have been guilty of chasing their own tail a bit :)
Yes they certainly are racing each other to mine btc first... wouldnt imagine their worried about racing themselves too much
It's a limited resource (each day and in total) that all miners are trying to mine. Of course it's a race (against eachother and to a certain extent the clock).