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The guy who founded Argo blockchain moved on to list another company on the London market called NFT investments but from what I can understand it doesn't actually invest in non fungible tokens but it does have significant holdings in Bitcoin and some other coins. Worth a look as its trading a large discount to the asset value.
Thanks Chae - will lead to even bumpier results but is better I think than the current situation where all price falls are recognised immediately but gains are only recognised when you sell.
Hexam, Those accounting changes regarding HODL are to be implemented for the US miners from 2024/25.
Blimey - just noticed my post from earlier about why ARB might not be value at 30p (or even 9p) has gone missing. Did I say something wrong or offensive? Bizarre, especially given other content allowed to remain on these boards. Oh well.
"If BTC closes dec at 40 would that give them a massive gain for the quarter (due to their BTC holding re-rating from end quarter to next end quarter)?"
It will only show up in profit if they sell the BTC (they had over $30m profit contribution in Q3 from BTC sales so could well be a lot higher in Q4). To me though that is not 'business as usual' profit but a very nice kicker when BTC is doing well (and a drag when it's not) - though of course it's still genuine profit and the reason for the HODL.
I think there was talk of the accounting changing though and that all gains would show up in profits without the need to sell (something ARB are already able to do - if they had a HODL of consequence) but not sure where that's got to?
This could well be the moment Mara pivots upwards again, by my reckoning btc has broken through key resistance levels over last few days. Always mindful it's easy to get carried away and to expect the unexpected, but if Mara profitability hits now too as well as worst of the dilution now over it does look like we have number of catalysts coming together at the same time.
Yeh i reckon about 45 mill in revenue a month and they going to run a close profit for q4, will be surprised if we see any resistance to btc now until the end of the year............ if we can get to 42k ish year end, happy days for many.
GLA
This is one to own but QTB moves faster
Yes - revenue less hosting, g&a and interest is circa 15 mil. Depreciation a killer at 53.
If BTC closes dec at 40 would that give them a massive gain for the quarter (due to their BTC holding re-rating from end quarter to next end quarter)?
Talking of profits, looking at their results, by my reckoning it seems like BTC is closing in on the price that MARA needs to make a business as usual profit (i.e. before one-offs and the impact of selling any BTC at a gain). A new dawn perhaps for (the better) miners?
Haha - yes they probably are a better play than Argo actually.
If their claims are true then it’s 2.6x the revenue and that means an awful lot more than 2.6x the profit. To be fair though there is always the chance they will have the last laugh and flaunt their millions in front of us all. With ARB there is just an inevitability about it and it’s just playing out in slow motion.
Also apparently Francesco is now working on a flux capacitor that will enable miners to travel back in time when there were higher block rewards, rather than the halving it'll be a doubling.
Hexam - QBT is 2.6 times the profit - what's not to love?
"There’s enough ignorant rainbow chasers and even more that will play off that knowledge to cause above rational price spikes still, which is why I bought some shares recently."
And that's exactly why I still hold some, in the hope that I can get a bit more back than this and try and trade a little on the side as well. I think I somehow I won't be getting my 33p to breakeven though - but at least I might reduce the pain a a bit - just so long as I get out before the curtain finally comes down.
Having said that the hip place for 'ignorant rainbow chasers' appears to be QBT these days with some very impressive ramping and spikes going on there. Like here though I think it will end badly for some and I still can't bring myself to invest in what seems to me to be something on a par with the traveling medicine shows of the wild west.
Sold after holding few days...... all gone to uranium stock
Anyone who fancies a little play with Cryptos directly, may well be worth punting a small amount in one called PENDULUM on MEXC. Its way below its listing price, its looking to build the bridge between Defi and Fiat, and go after the Forex market. Like said small money punt I think could at least 10X with 6 months \- Warn you volume is pitiful on MEXC but looking to move to Polkadex this quarter which is the start of the current price of 0.08 being blown away - May be worth a look guys !
Sold half to take some profits off the table. lets see
There’s enough ignorant rainbow chasers and even more that will play off that knowledge to cause above rational price spikes still, which is why I bought some shares recently.
When it comes to future funding of the company though that’s when the party comes to an end.
Great, Thanks. We've got as much exposure to Bitcoin as we did in mid 2021 have we?
On the basis that BTC is going to run up towards $50k in the next 6 months
How many minutes was it 300p per share?
Please explain
On what basis?
Absolute steal.