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Sorry had a busy day and missed replies on this threat.
Thanks jay for video
No, not off the table completely for helios
I said a few months back, I thought it might mean us hosting Epic miners (currently hosted by Core scientific) at a discount & them supplying us cheaper miners in return, from his comment.. that he would only consider it if it was mutual beneficial for argo.
He said he wants to concentrate on self ming and not diversity into large scale hosting !
I still think that will change and more hosting will be done than he wants ...we will soon see Q4
if he can fill helios up with all argo rigs then no need I quess..... Time will tell
FP - hosting is not off the table 17 minutes in https://www.youtube.com/watch?v=sXFAKf19UlY&ab_channel=BLONITY
@flowerpot: I agree with your sentiment though. I'm concerned if ARB has to do a capital raise at this level. It's going to be very painful for existing investors. I'm not selling anything, but I'm reluctant to add more ARB until there's some clarity, unless it really tanks (10p-40p) and then I might just trade it to get out on the next bounce. I'm adding to RIOT first.
Flowerpot, I do see where you are coming from but disagree. Texas has completely changed the game for arb. They have a huge physical asset, how ever they fund it, doesn't matter, they will in the long run always be better off. imho
FP, only heard him mention not hosting once (unless it had additional benefits).
Terrapool is run by dmg.
@flowerpot. It's not just miners. Half of nasdaq has been on this trajectory since Feb 2021. I only really mnoticed over the past week. I'm opening some puts on ARKK later today. Maybe even a put on RIOT, more as a hedge/short-term opportunity as I also hold RIOT and don't want to sell. ARB is too illiquid, so I have no plans of opening anything short on ARB and volumes are quite low on ARB.
Thats not correct k3v
Pw has spoken a few time about not hosting
Where do you think the terrapool is being operated from now?
PI
The Sp was drifting long before the btc dip, I know other miners were too. But it goes back to why would you heavily invest in a miner you know is going to fund raise, soon ,let alone a big one. Trading in an out before fund raises is the key now with there being so many miners to choose from
Lots of options for the funding maybe but it isn't going to make the Sp go up like others here would have you believe
flowerpot999
“I think pw might have to swallow his pride and fill helios with anyone miners.”
Nothing to do with pride or vanity. What do you think TerraPool is? It’s a mixture of Argo miners and non-Argo miners. That has ALWAYS been the plan!
Thanks 28.
"this equates to an indicative price per Pluto share of 11.5p"
"However, it should also be noted that NFT Investments recently announced that it had submitted an initial application to list its shares on the NEO Exchange Inc, a Canadian stock exchange based in Toronto."
I'm not convinced this is a great deal for Argo.
Pires just released RNS regarding the Pluto Digital news……..maybe we will get an RNS from Argo shortly.
https://www.lse.co.uk/rns/PIRI/proposed-acquisition-of-pluto-by-nft-investments-yfez4y04f5ej7hr.html
Upbeat
I think pw might have to swallow his pride and fill helios with anyone miners
The thing with all this diversification, the projects are still largely related to the btc price anyway. Its a bit like having a diversified portfolio all in the same sector.
Flowerpot, I do know about the funding issue, I personally believe it is not that much of a issue, they have loads of options, especially with their hodl, which is growing month on month. You know what they say, Cash is king. imho
I still think a deal could be on the table with regard to the many displaced miners looking for hosting sites either with Argo hosting machines for shared profit or short-term lease?
Always the chance of surprise M&A esp in current climate and prime Texas real-estate with almost completed build - Peter did talk about conversations in the industry in past videos. The board are smart and forward thinking and prepared for decline in Bitcoin price with diversify in outside investments - Pluto deal a good example (forthcoming RNS I presume).
In any case expecting 5th wave of down-trend in Bitcoin price to complete soon then reversal.
Each to their own but I will continue to DCA for future gains.
GLA
@PI
Yes good timing with that video, one of his best.
I dont believe in charts for btc, only historical ones are ever correct:)
Wouldn't like to say a sp for here, bit unfair for those still holding a lot. But as I say the funding question isnt going away so can't see people hugely steaming in when it does start to recover
flowerpot999, Interesting video, thank you. What is your guesstimate, are we going to drop further. My guesstimate is the drop of BTC is done, rebound time, however, i've got it wrong for the past few days lol.
Brilliant, thank you
Agreed 100% Chuz, or if there’s no loose change available, pop your feet up for a bit.
Is this info in an RNS that LSE hasn't released?
Calamari, can you tell me where the 2.5p info is from pls?
All I can say is.... Ummm buy the Dip!
H - Take the cash pay the loan.
Thanks Hexam
@chuz - I think the deal works out about 15p per Pluto share (?) but bottom line is that ARB invested £8.4m in Pluto and with the proposed deal it is now worth £24m so a profit of just over £15m. So a good return but not perhaps as much as they hoped for and it will be many months before they can get hold of the money assuming the bid completes (and they don't wish to retain the shares in NFT).
"Under the terms of the proposed acquisition, NFT will acquire 100% of the issued share capital of Pluto for a consideration to be satisfied by the issue of 2.4 billion new ordinary shares in NFT (at 4p per new NFT share valuing Pluto Digital PLC at £96 million)."
wonder what will happen to the 121mln Pluto warrants Argo have