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Sometimes this market wrong foots people. that is why i do not like to be out of the best miners just incase and it works anyway providing you just hold. yesterday was an example of chasing stocks up only to end up on a loss at the end of the day. and it soon can get out of hand. traders do it all the time only to lose money. that is why 80 percent of them are losers in this game. nope. far too many games played in this. so i stick with my plan for the time being but i am willing to change strategy at the drop of a hat. i suppose we are always thinking what to do but timescales do count.
I can see it going below 16, how much lower than that depends on bitcoin.
Back to 10's ? i might buy some when they get through it.
Yes definitely additional, they will raise 800 from now.
Https://twitter.com/KingOfSpreadz/status/1773574807826604133
Looks like its an 'additional' 800 million to me.
225 million shares issued, this additional 800 million adds to the share count of about 260 million based on the $23.11 share price.
17.5 j/t means for another 30 eh they would need an extra 525 mw +10% or so for cooling - would expect around 250 mil for this, and 480 for the 30eh of machines, so the 800 raise makes sense.
This is what they will be executing, and presumably some facility purchase to be announced. The good news is they'll be the most efficient machines in the market, so the electricity requirement will be as efficient as possible.
https://investors.cleanspark.com/news/news-details/2024/CleanSpark-Announces-Strategic-Agreement-for-up-to-160000-Bitmain-S21-Miners-Path-to-50-EHs/default.aspx
Chuz it's an additional 800mil. Presumably they've done the 500 already.
This will be for further expansion. At 16 per th, 10eh costs 160 mil, and presumably they will aim to get to 50eh that they have the option for.
It is not a great look that they sold shares before announcing this though. Ultimately should come good, but will lag for the coming weeks is my guess. I got mostly out a couple of days ago but more luck than judgement.
If you look at mara price action since their 1.5 bil ATM announcement, or the various other miners that are doing an ATM just now, you can see what's coming. Basically a month of trading sideways and slowly lower. It is an unfortunate part of this sector. Will need to compile a list of which miners are running an ATM just now
Even with the current drop clean spark is up over 600 percent in 12 months and 90 percent in 2024. so it can boast that compared to other miners. yep. irritating as sentiment could be hit a bit short term but if bitcoin goes up it should continue to rise with some of the best fundamentals. it is probalby now how long can people hold the best mining stocks with the volatility. if you can hold long enough[ near to the top] none of it is a problem. if you panic or need the money short term then it is less profits or losses depending on what price you bought at or your average. waiting is hard but it does work in this.
Looks like it's an additional 300 mil for cleanspark which on top of the latest 500mil takes it to the 800mil.
A bit unexpected and a kick in the nads but what I do like is that they are releasing the intent when the SP is high but also they have already managed to sell into the latest rise to raise 470 mil (of the first 500). That was actually very well done considering they allowed it to increase whilst raising.
Usually the hangover keeps the price subdued, although irritating I'm not bothered about sparks latest raise. Ti. Ing is interesting, I'm figures crossed for a btc run over easter which makes up for sparks drop
I know some on here are not keen on the diamond hand approach but in a bull market it is the best. mara at a few dollars a year ago. clean spark at 2 dollars. micro strategy at 300. and all you have to do is hold once research into the best. i mean a guy on here said he bought mara at 27 dollars and since in a panic. understandable but where was he when mara was 6 dollars not so long ago. in my opinion you need to make the best of a bull market.
Just looking at today and really we can say it has been a bad day for the main stocks. clean spark and microstrategy down but also marathon doing well up 9 percent only to be cut short to 2 percent up. the wulf had been doing well also recently only to end up in the red today. this was not a money making day for sure. unless you were in arb. lol. you could not make it up some days. but well done to arb holders but only a crumb of comfort as most are well down.
My apologies. seems a bit strange. the directers usually sell at near to the top of the bull market not half way through. but as said you can not trust any of them and falling in love with a company is a no go anyway. clean spark is still the best performing miner by a long way even with the drop. seems par for the course with all the miners. being volatile is just the way it has to be. i am a bit complacement after buying my lot in the 2 dollar range/ 3 dollar but i suppose if you were buying at 23 dollars you are not going to be happy. it is what it is.
On the March 2024 ATM Prospectus Supplement Filing Date, the Company has filed or will file a Prospectus Supplement relating to the offering of an additional $800,000,000 of Shares of Common Stock (the “March 2024 ATM Prospectus Supplement”), to the base prospectus, dated January 5, 2024, contained in the registration statement on Form S-3 (Registration No. 333-276409).
It's an additional 800 million. Unless the SEC is fake news x;)
https://www.sec.gov/Archives/edgar/data/827876/000119312524080846/d760517dex11.htm
But that was previously reported on the 5th january. we all knew about it. so they will be doing something shortly with the money but the market should have known this from the 5th january. just my take on it.
Dags there is:
https://www.sec.gov/Archives/edgar/data/827876/000119312524080846/d760517d8k.htm
Just had a peek in to see all the different agenda flying about from certain posters. as far as i know it was fake news. there is no 800 million ATM announcement. but do not let fake news get in the way of having an agenda. ho ho.
I need to thank you for pointing out the insider selling, would have missed that. Looks terrible now seeing they were knowingly doing it ahead of this. Then trying to bury bad news dropping it after market close before Easter. Poor all round. Big relief though, might have to buy some Mara immersion fluid to celebrate.
Great timing getting out of CLSK ! pat yourselves on the back for that win, sincerely. I'm amazed CLSK got to where it did but that it did! Let's see how they are at scale, shorts must be piling in and the CLSK devotees might be less kok holstery with Matt and Zach now.
insider sales then the 800 million ATM announcement, lol. I smell mustard gas x;)
Always always always sell your mining shares when the bosses are selling. In the mining game its the best selling signal you'll ever get.
Hive looks good on paper and hold a wee bit too, but yes main challenge is market totally indifferent to it. Could be as they've not really kept the expansion pace and most machines will be getting on a bit. Iceland unfortunately will become more problematic too https://archive.is/f2phT
Taken the opportunity to join Clsk exodus with last holdings, insider sells and interview highlighted here raising some red flags. Don't totally hate it, tbh was v good to me and if falls far enough could be a good rebuy opportunity. For now though it looks like we're entering a Mara phase 🤞
I have some Hive but as with all the Canadian miners they don't seem to move upwards much so I regret that one a bit. It's bound to move at some point.
Same here CLSKBull. I actually closed all my clsk yesterday. Trying to identify the next big mover. Wulf made a big move yesterday as I predicted it might + mara gearing up.
Sweden, I meant Iceland lol both as cold !
Thinking about HIVE ?
4.2 EH
mined 200 btc last month
2100 BTC
330 million MCAP
mines in Sweden Norway and Canada