"Under the terms of the proposed acquisition, NFT will acquire 100% of the issued share capital of Pluto for a consideration to be satisfied by the issue of 2.4 billion new ordinary shares in NFT (at 4p per new NFT share valuing Pluto Digital PLC at £96 million)."
@ notready1, firstly many thanks for your very clear accounts, I think last week, explaining the confusion over the buy/sell prices reported when you said roughly half the day’s trades would be buys and the other half, sells. Makes perfect sense! I had seen the trades on the London Stock Exchange and assumed since the three big ones were @ 3p, they must have been buys. WRONG! Glad to know JS’s warrants were cleared last week.
I made a tiny top up this morning as I had a Spare £299. It shows at 08:05:06, price 2.833 vol 10,558 Sell* - but it was a buy!
I have no idea where QBT will reach this year, or the future, but as I have an unhealthy amount of QBT in my trading account, and therefore subject to CGT, I have decided to sell the whole 340+k in the account and use my previous losses to avoid any CGT liability when/if the SP reaches 13p - it fits the bill nicely as I have accrued some hefty losses over the last 10 years but got them ‘noted’ by HMRC. That means I can clear quite a lot of my debt! ATB
There were three big buys today:
Time Price Volume Value
2022-01-14T11:40:25.353 3.0000 28,375,000 £851,250.00
2022-01-14T11:41:13.203 3.0000 31,775,000 £953,250.00
2022-01-14T11:41:01.897 3.0000 3,400,000 £102,000.00Is this just the start?
GLA
Homebase 'is among 40 retailers that will offer cashback in BITCOIN' under scheme to let customers use QR codes to earn crypto-currency on purchases. It may be the Daily Mail, but this link seems worth a read https://www.dailymail.co.uk/news/article-10216137/Homebase-cashback-BITCOIN-fintech-firm-claims.html
I stumbled across this just now when deleting files and although the article is over 7 years old, I feel it is as pertinent now as it was then. “It never was my thinking that made the big money for me. It always was my sitting.”
I've lost more money by ignoring this advice. Agreed, many here make money with switching - each to their own! https://microcapclub.com/2014/08/the-conviction-to-hold/
What's he going to do with his pocket money? https://www.bbc.co.uk/news/business-59243606
@Amanensia, a fair point as Texas is a big place. I imagine Texas is in demand with the exodus from China, let alone incentives with tax and cheap electricity but we own the facilities in Quebec now and we might be able to offer them at an attractive price rather than leave them empty. ATB
Never thought of it as a cult, there are some genuine posters here but a pile of dross! I like to differentiate.
@Amanensia, I haven't made myself clear so apologies for that. We are currently installing our new rigs that will increase our EH to 1.7 by the end of the month. We could move all these to Texas when it's ready in April 2022. We also have the 20,000 Antminers on order that will be installed by the end of Q3 next year and these will use 65 MW of the 200 available for Phase 1 at Helios. If these are all then immersion-cooled, we could be achieving 25 to 50% more from these rigs and could produce 700+ BTC a month. I hope this is clearer. ATB
From what I posted earlier on this thread, (taken from their own websites), RIOT mined 464 BTC with 2.8 EH/s (= 165 BTC per 1 EH/s) whilst MARA mined 417.7 from 2.96 EH/s (= 141 per 1 EH/s) during October 2021. I’m not sure why/how RIOT achieved a 17% better return as I doubt this is simply down to efficiency.
By the end of November 2021, we should have the additional miners up and running providing 1.7 EH/s. Based on MARA’s lower figures, a full month could produce 237 (x30/31 = 229 BTC) for one less day. With 3.7 EH/s by the end of Q3, 2022 this could be 515 BTC a month but only if mining difficulty remained the same.
As per my question 2) for the conference call (my post @ 4:53 on 1/11/21) was ‘With the expense, and delays, in acquiring mining rigs, is it economically, and practical, to consider moving our existing rigs to Texas and using the existing facilities to provide hosting revenues?’ This would give us the existing EH from our current facilities running in a more efficient environment - possibly even immersion-cooled without any massive capital to fund new machines and minimal cost/delays. Seems to me to be a no-brainer but WTFDIK. I just think we could then be mining something like 700 to 1,000 little bitty’s a month at whatever price they are then.
That would then open the doors to buying more machines, but as I say WTFDIK? GL argonauts/true believers, 600
Still no update! ARB/ARBK
1) We produced ??? BTC, or equivalents, during Oct. 2021, increasing our total holdings to ???? from 1.075 EH. We are installing more miners and will have a fleet of approx. 18,000 with a EH of 1.7 by the end of Nov. 2021.
2) We have purchased a 160-acre site in Dickens County, West Texas and are currently building Phase 1 of the Helios project using 200 MW of power. We have an option to purchase a further 157 acres (for $5m) for Phase 2 with an additional 600 MW capacity. The company’s total capacity would then be 845 MW (845 MW: 260,000 Bitmain Antminer S19J Pro machines - without immersion cooling). The building is fully funded, and it remains to be seen how the next batch of miners will be provided.
3) We already have a Grid Interconnection Agreement with the Wind Energy Transmission of Texas (WETT) and American Electric Power (AEP) for 200 MW of power plus two 90 MVA 345kV transformers scheduled to be delivered to the site in Feb. 2022.
4) We have ordered 20,000 Bitmain Antminer S19J Pro machines, (utilising 65 MW). The rigs are expected to be delivered and installed in monthly batches from Q2 2022 through Q3 2022. This expansion will bring the Company's total mining capacity to 3.7 EH/s by the end of Q3 2022.
5) Our crypto operations have become “climate positive” for Scope 1, 2 and 3 greenhouse gas emissions and we are a founding member of the Bitcoin Mining Council.
6) ARB is not solely a crypto miner, we believe in diversification which includes an interest in Pluto Digital Assets Plc, a crypto venture capital and technology company that connects Web 3.0 decentralised technologies to the global economy. We currently hold 381.8m (25%) of their shares and warrants and await their IPO.
7) ARBK’s SP at close on 04 November 2021 was $17.31 and ARB 126.0p ($1.70)
MC’s: RIOT 3.145b, MARA 6.405b & ARB 467m
SP and MC both reflect where we are today but what I’m interested in is where we will likely be in September 2026. Two key things for me are the competition and, the price of additional rigs. The likelihood that immersion cooling could mean second-hand rigs are viable is a huge plus as this could save us a fortune in kitting out Helios 1 & 2 but expedite this with some competitors becoming uneconomic and their rigs will become available. On the latest conference call, PW said he was not keen on hosting and prefers to keep the facilities for ourselves.
The race is on, the building for our new data centre is already going up and the final container of parts is due on site this week. The timeline is looking good and could even complete early?
• Building erection completion Dec 18th 2021
• Main building completion Feb 10th 2021
• Electrical infrastructure completion March 2022
• Testing and Commissioning April 2022
Halving, difficulty in mining, and the price of bitty etc is the same for all but I honestly believe we can catch up. Please DYOR this is not financial advice! GL argonauts/true believer
RIOT:
1) During October 2021, they produced 464 BTC and held approx. 3,995 BTC on 31 October 2021.
2) They currently have a deployed fleet of approx. 27,270 miners, with a hash rate capacity of 2.8 EH/s.
3) They recently completed a $54 million purchase order with Bitmain for 9,000 S19j Pro (100 TH/s) miners ($6,000 each), with an anticipated delivery and deployment schedule set for May 2022 through to October 2022. They anticipate that it will have approx. 90,150 Antminers in operation, utilizing approx. 284 MW of energy, by Q4 2022.
4) They have increased their 2022 estimated hash rate capacity to 8.6 EH/s. The increase in this estimated hash rate does not include any potential benefits from their previously announced build-out of 200 MW of immersion-cooled infrastructure.
5) SP at time of writing was $32.72
MARA:
1) During October 2021 they produced 417.7 self-mined bitcoins increasing total bitcoin holdings to approx. 7,453 including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168.
2) The existing mining fleet consists of 27,280 active miners producing approximately 2.96 EH/s. Total hash rate of the Company’s bitcoin mining pool, MaraPool, reached 3.0 EH/s in October.
3) As of November 1, 2021, Bitmain has delivered approx. 30,050 to the Company’s mining facility in Hardin, MT and 12,331 top-tier ASIC miners to a Compute North facility where they are pending deployment giving a total of 42,381 top-tier ASIC miners.
4) In October, they began chartering planes to mitigate the impact of global logistics issues and to ensure that shipments of new miners occur in a timely manner.
5) Once all miners are fully installed, their mining fleet is expected to consist of approx. 133,000 miners, generating approx. 13.3 EH/s.
6) SP at time of writing was $64.29
Resumé of ARB/ARBK to follow October’s Operational Update.
@the_Chuz, please explain how you arrive at 246,000 rigs as that appears to be pure fantasy land. Also, what rigs can you buy for £4k today?
Typo month not minute!!’
Yes indeed, very happy! 3p and one minute later, 6p so I think 60p now given how well they are doing is not too far fetched. Then if we sold half oitcholding, that would pay for a few new rigs with no dilution. Love it!! ATB
If bitty flies will it help ARB?
https://www.fxstreet.com/cryptocurrencies/news/analysts-expect-bitcoin-price-to-hit-new-all-time-high-ahead-of-taproot-upgrade-202111030933
@Eddie563, I appreciate your 'polite' request.
I've not looked at QBT in a while and never BOIL so I am out of touch. It may be pertinent to point out for those that don't know, my plan remains to HODL until September 2026 so may well be considerably longer than some, and hopefully, provide time for ARB to have gained some traction and be in a far better position. ATB
* typo! 381.8 million Pluto shares, my apologies. I fancy 60p plus a share when they launch. 600
From https://www.riotblockchain.com/bitcoin-mining June 2021 - December 2022 - The publicly announced outstanding orders of 58,500 S19 series miners are expected to be received and deployed through Q4 2022 and are expected to raise Riot’s total operational hash rate capacity to approximately 5 EH/s by the end of 2021, and 7.7 EH/s by the end of 2022. RIOT expects to then have a fully deployed fleet totalling approximately 81,150 miners.
According to https://www.theblockcrypto.com/post/123133/supply-chain-crisis-bitcoin-mining-shipments Bitmain have a global logistics problem resulting in late deliveries of machines ordered by other major miners.
RIOT plans to have a total capacity of 751 MW between their mining facilities at Coinmints and Whinstone. Between them, this is planned to provide 4.6EH/s by Q4 2021 and 7.7EH/s by Q4 2022.
Argo has 45 MW with 1.075 EH and new machines currently being installed raising our EH to 1.7. Then we have 200 MW (Phase 1 at Helios) plus 600MW (Phase 2 at Helios) = 845 MW giving us 94 MW more than RIOT.
Peeps concerned about a further capital raise/dilution may like to consider the relationship we are building with Galaxy because we may well be able to borrow against our growing HODL to finance further rigs. Let’s not forget the .81.8m shares we hold in Pluto who may also announce their IPO (originally planned for April 2021 but delayed - reasons unknown). Whilst we have no good news with ePIC yet, that is another iron we have in the fire.
I am quietly thinking that we might not be lagging behind all our competitors forever. We could catch up and maybe surpass some. Alas, we will not, IMO, be the biggest miner of bitty but I can see very strong growth sometime soon. Maybe this will inspire confidence in the market. Maybe it will start with our October operational update? Having given this careful thought, I won’t be repeating past mistakes and selling, I will HODL firm. GL argonauts/true believers, 600
Make of this what you will. https://uk.finance.yahoo.com/news/bitcoin-price-news-live-crypto-111616196.html Still holding and still believing but not that happy! GL Argonauts/true believers, 600