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Here we go. Lite coin flying again
Yep, i will have a dollar on that (taiwan dollar)
There’s statistics and probabilities of getting the BTC reward with each block mined.
I’ll be optimistic and go for 54,000 BTC
;)
Think 350 is pushing it, would be closer to 290-300 I believe based on various calculators I have used.
I will be conservative and say 350 coins mined in February at average BTC price of $9.5k, which brings my revenue estimate for February to $3.325 million !!! Lets see how far out I am !!!
I am confident we will smash 2.5 million revenue for February !!!!!
Great Post Shandypants2.
An one off dividends is a good idea and will in my opinion boost the SP. I suspect it would be difficult for the BOD to correctly predict the year end profit with halving, so they might be being prudent not giving out estimations, until nearer after halving has taken place. The last thing they want is to over estimate and under perform.
On 4th February, RNS stated we had 16,500 machines up and running, so i am hopeful we achieve 2.5 million rev.
Agree Feb data will be a better gauge - will have c13k machines for full month and BTC price has picked up a bit too so i'm hoping for c£2.5m rev (may be slightly less as a shorter month).
I do think Jan 20th update could have provided a bit more info in particular an estimated profit for year figure. Instead it looks like we will have to wait until April for this.
We know H1 rev was £2.93m and net profit was 0.94m. Q3 generated gross profit of £2.65m (based on 73% margin) and Q4 £1.38m (based on 52% margin) so that's c£4m gross profit for H2 alone. Admin for H1 was only £630k so even assuming £1m for H2 that's £3m profit and £4m for whole of 2019.
Then Jan and Feb 2020 could generate over £4m rev for just 2 months making the 2019 numbers look ridiculously low.
However, until these numbers and published and things like the cash position is known it appears there is little forward momentum.
Additionally, strategy of ARB post halving must be holding us back.
Personally, if cash position is good a mid year special dividend might be the best way forward. This would reward shareholders and not lock ARB into ongoing dividends going forward to allow them flexibility.
At these prices i will continue to top up on dips. As i write BTC price is picking up a little too - hopefully back up above $10,000 ASAP.
Think we need to know how we perform in February as this will give us a better idea of revenue we can expect month on month to the halving. It would be nice to know how much ash we actually have in the bank, but as like normal reporting we are unlikely to know this until end of year results. Whether it be dividends, a buy back or purchasing of more machines, it would be nice if the company define their strategy so as we all know the direction the coming is planning on going in. Still to me I can not fathom how the SP is still so low, but in fairness this is not due to any fault of the company as they are producing the goods in fairness and that is all we can ask for from them.
I believe a buyback could beneficial if helps clear sellers. However I would prefer a dvi and a divi policy being implemented which would encourage more people to invest.
Sorry Qwerty completely disagree.
Share buybacks will achieve nothing for ARB. Dividends at 5% now will cost far less than 5% when the MC is more realistic. That’s one of the reasons why a reasonable dividend now will kickstart an sp rise.
So dividends will do nothing imo. Reason is the market is not sure about ARB continuity of income although we know it will do fine. So even with a 5% dividend the share price won’t go anywhere. I strongly believe a share buyback is the correct step now to reduce free float while the market tries to understand the business. When the SP reaches realistic value I agree it’s best to keep a dividend
Looks like they 34mw capacity remaining, so around 15,000 machines possibly.
It might be that the electricity contract is based around how many they can fit space wise. So maybe 10,000 more and then they need a new warehouse for more.
I was looking at Bitfarms last financial update earlier and it looks like they took on $20m to buy new machines last year. I certainly believe we have the cash to buy at least 10,000 T17's and see no reason to buy another 10,000 through a loan.
Based on the last rns concerning the electricity contract we would have the capacity for that but agree not sure if we have the space.
And they need to give some serious thought to that.
They have little risk in taking on a loan and the benefits would be huge. The only issue might be how many machines and how quickly. Plus additional warehousing to install them into. I'm not currently clear on how many machines can be installed in their current facilities but shortly they will need more space.
There's no point keeping 7-10m as a buffer.
ARB will have no issues covering general running costs for a long time, unless they don't have insurance to cover damage to the hardware. Which would be stupid.
I tend to agree that 1m in dividends wouldn't impact hardware purchase too much but should have a good impact on sp.
My personal view is
Retain 7 to 10 million as buffer
Small dividends
Then rest on machines ..
I agree Trigger, which is why Mr Wall needs to announce a strategy going forward on how profits will be used.
Conman...think all of us who’ve been following know this but the wider market are missing. I can only feel it will wake up at some point but it is getting harder to be patient have to be honest but I suspect I lot on here I just keep adding on the dips.
Arb SP - 6.55
Bitcoin Circa - $8100
Hash Rate - 120,752,663Th/s
Today:
Arb SP - 6.40
Bitcoin Circa - $10,000
Hash Rate - 115,924,939TH/s (Yesterday)
We're now valued less when we've got more machines, bitcoin price is higher and hash rate is lower (based on yesterdays).