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uhhhh, wasnt this the reason we bought a 25% stake in Pluto. Will we be competing against our own investment? Though I am a current shareholder and i dont want to come across as my filtered friends on this site but I thought that 10% of Hodl would be better served purchasing mining rigs to get the Helios building at full capacity.
Thanks jayblu
Would be fantastic if argo labs took the place of our investment in pluto & used the profits from pluto to fund some rigs.
Flower, that brings up a good question. What do we get out of the 25% investment in Pluto? Will they ever report earnings? Will we be compensated in any way? There is no mention of this i know of.
Yes indeed caddor
Was trying hard not to be negative haha
It does make you wonder why no news
Would be good to be able to see through all this transparency :)
Caddor38
"What do we get out of the 25% investment in Pluto? Will they ever report earnings? Will we be compensated in any way?"
Excellent questions! We just need a tiny bit of patience, then all will be revealed!
K3, believe me I am impatient, yet forced in to patience right now, based on my situation. However it sounds like you may know things I dont so I will chill. Im definitely not turning in to a chuz ir chaebol.
The argo labs logo has a strong resemblance to the Airbnb logo…..Is Peter diversifying and doing a bit of B&B on the side to buy a few more miners?
Just seen on trotter that uniX Gaming play to earn has both Pluto and Argo down as sponsors. So hopefully Argo Labs have learnt from Pluto and will benefit from the relationship and follow them into the better investments. Btw I have no idea about uniX play to earn and whether it's profitable or not but it does have 47k followers
Lol trotter. Del boy investing in Blockchain. Obviously mean Twitter
Completely agree with K3, we all need to have patience and all will be revealed. No point speculating or wishing for the worst. I have complete confidence in ARB. Big things are on the horizon. imho
Jamins
“ The argo labs logo has a strong resemblance to the Airbnb logo…..Is Peter diversifying and doing a bit of B&B on the side to buy a few more miners?”
No. It is just a similar logo. I hope that helps.
Caddor38
“ K3, believe me I am impatient, yet forced in to patience right now, based on my situation. However it sounds like you may know things I dont so I will chill. Im definitely not turning in to a chuz ir chaebol.”
My calculation is that Pluto will be worth an additional 20pps to Argo. No, I’m not posting them.
Yet.
Kevin, I appreciate you wait for first week of the month so you can gargle PW’s balls so you are somewhat blinkered. However you need to take a step back and look at the consistent second rate execution by Argo of what is generally good strategy they develop.
It is a sloppy logo which is a rip off of Airbnb. If you can’t see that.. oh dear….
I think you're confusing a 'home' icon for a logo.
Besides, it looks nothing like the Airbnb logo, really, look at them side by side. Besides, who gives a **** about the logo if the business delivers.
Great initiative from Argo and very professional video.
Good to see Labs are hiring an analyst and have involvement in some good projects already- see here:
https://argoblockchain.com/argo-labs/
Poorinvester Is BTC still "heading north"?
I waited until today to buy in here, I see this as a 3 month wait for a healthy return.
Jamins
I’m always happy to engage in adult conversation.
“ Kevin, I appreciate you wait for first week of the month so you can gargle PW’s balls so you are somewhat blinkered.”
I am reasonably broad-minded, but I have no idea what kind of physical practice this involves. I won’t ask you for details. Do you think this is the first week of the month, or are you referring to some future act? I have no idea.
“However you need to take a step back and look at the consistent second rate execution by Argo of what is generally good strategy they develop.”
Ok. Why not?
“It is a sloppy logo which is a rip off of Airbnb. If you can’t see that.. oh dear…”
It’s a logo. Nothing more. There is no interest or activity in B&B. Perhaps you should refrain from puerile homophobic slurs and do some research?
I don’t think I can help you any more than that.
Happy trolling!
:-))
K3V
"My calculation is that Pluto will be worth an additional 20pps to Argo. No, I’m not posting them.
Yet."
No need to post any calculations, but can you pls state what you expect the Argo Sp will already be at for Pluto to add 20p to the share price
Surely if it was at 80p your calculations arnt seeing 25% gain in Sp?
flowerpot999, I don’t do predictions. If I could do predictions, I would have sold at £3+ and been waiting for 80p to come back round.
I am prepared to predict a price greater than 84p, otherwise I wouldn’t be holding as many.
Do you have a prediction?
K3v
Ah ok thanks,
Thought you might do after your prediction of 150-170 before funding the other day
After my last 12 month prediction, I gave up on predictions too.
I'm busy looking for some figures to base my own calculations for pluto on. I cant find a flipping thing on their financials
Institutions holding Argo Blockchain
Major holdersCurrency in USD
Breakdown
0.01% % of shares held by all insiders
5.42% % of shares held by institutions
5.42% % of float held by institutions
24 Number of institutions holding shares
Major holdersCurrency in GBp
Breakdown
3.03% % of shares held by all insiders
9.85% % of shares held by institutions
10.16% % of float held by institutions
40 Number of institutions holding shares
On the plus side, so long as Michael Saylor holding, we are good. Did you see that Tonga was planning to introduce BTC this year!
Michael Saylor holding BTC.
I think that being realistic with this share is important. There's plenty to be positive about but until DeFi etc. evolve further and uptake is more, then ARB is highly dependant to BTC. This is 90+% retail owned. The institutions who have bought in are now likely to be all underwater. Saylor holding BTC for me is a red flag, just Google Michael Saylor dot com bubble. If we do get a short lived pump in BTC to say $50k then this will be an opportunity to get out of here as BTC looks to be heading south in the coming months. I do think though that based upon recent share price action from the $69k high this opportunity has passed. ARB should be OK though as they're trading and developing strategies as part of their diversification and even with BTC below $10k they're profitable. I do think they'll ride the coming storm and come out well positioned. Although they have appeared disorganised over the last 18 months they have learned by their mistakes and are becoming stronger.
"even with BTC below $10k they're profitable"
Agree with a lot of what you say but argo is not profitable with BTC below $10k. No miner is.
I simply do not see BTC falling to 10k anymore. Such a drastic fall now would wipe out most of the crypto market with it. There is too much noise and involvement. It's no longer 2018 and retail investors would gobble up bitcoin way before it fell to such a price