Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Throwing a hissy fit to the country keeping your war alive with funding is surely not the best thing?
Where's big blue gone by the way
Ironically, as a core Bitcoin miner Argo probably don't have a future, but I think most agree that neither will most of the other Bitcoin miners either. Constantly raising cash to expand and replace mining fleets isn't sustainable and investors will eventually tire of it.
So actually if the new CEO can find a new direction for the company then who knows, Argo might be ahead of the curve? Or have I finally lost it completely? Possibly both.
Argo built a state of the art mining facility during the last bull run and then sold it for a pittance because of financial mismanagement. They bought mining machines to expand and had to sell them brand new, still in the box, for a fraction they paid. They still have debt associated with the above, as well as an aging mining fleet, almost no HODL and limited options to raise cash and attempt to expand and keep up with the other miners that can.
The most critical on here are those that feel the company was mismanaged into this position.