Firering Strategic Minerals: From explorer to producer. Watch the video here.
See here:
https://twitter.com/altair_tech/status/1605255243255652369
It was previously looking like a 10% drop, but now it's only 4%, so looks like the following one will go back up a little as the network picked up again after Christmas curtailments. Still no sign of miner capitulation.
https://www.coinwarz.com/mining/bitcoin/difficulty-chart
Well done Mozax I remember your name from back then. Argo isn't in the same position as it was then, it was better fundamentally then, lower price and less shares on issue, mining at a better margin with less competition. But if there is a bull run it will go up with it for sure.
HC it's all in bitcoin miners (and 2 bitcoin). This is because it's sipp and ISA. Did have money in a bitcoin tracker but they stopped doing it in the sipp a couple of years ago which left me with miners only. Timed the Argo buy very well but failed on the sale. Other sectors I've not really looked into. Did try some fx trading but was rubbish at it. Outside of crypto I'm not sure where you can get these sort of returns.
Can be either new (like Argo's recent sale) or second hand. Basically a secondary sale, first from Bitmain then sold again. You would expect used ones to be a little cheaper.
Cleanspark take a dca approach to buying them.
https://www.cleanspark.com/wp-content/uploads/2022/12/Transcript.pdf
Page 11.
We also don't know where they are with the intel machines. We know there's money with Intel/ePIC (well we've not been told otherwise), but we don't know if further payment is required - and we don't know where these machines will go.
Thanks Mooh. Seems a good strategy to me. I've checked on HL and it's not there and I don't want to shift my accounts for this, but I do see it as a better option than the shares - I think these would 5x before the shares 5x'd, plus you get the interest payments reducing your risk each quarter.
At the moment it's impossible to assess Argo from a fundamental standpoint. The Q3's would have been dated information so in some ways would be little help, but we probably would have got something from them.
PPA is not yet in place so we don't have an idea of costs. We also don't know what the hosting fees will be.
We don't know what the interest is for the loan.
Not sure what wages will be (if they give themselves bonuses they are really taking the p).
We do know the current hash and we do know the ARBKL interest payments.
I suspect a lot of the answers we're more likely to get from Galaxy news releases rather than Argo (https://www.galaxy.com/newsroom/).
They may have got a chunk of cash but a lot of it is already assigned. I don't see how Argo thrives from here - however the sooner the next bull run comes the sooner they have options to get out of this mess.