Zero clarity. Although galaxy will clearly run this better than PW. If they get a 4 cent or less PPA it's good, and I think they will. Clsk suggested spring as the best time to negotiate PPA so I have that timeframe in mind. I hope Argo pumps some more this afternoon, I would them exit and wait a few months and see where it is. At the moment it looks overvalued to me, but that doesn't mean it can't get more overvalued.
Does US pump it further like they did the other week with corz?
I've got some remaining shares and I might drop them this afternoon. Open to buying back in at a later date but missing a lot of details - no Q3, was an interest rate given?, What's happening with Intel machines, PPA clarity, etc.
Congrats PI, hoping this has worked out for you.
HC, I meant from a clsk perspective, that they'd see it worth 90 or less, but due to the debt it wouldn't make sense for either party as it doesn't solve the problem. I don't see a another miner taking this on, unless nydig just wants out and will take a hit on what they are owed.
I saw an interview with clsk CEO who said they look at around 300k per mw for a facility. That would be 60 mil plus 2eh of machines worth 30 mil max. So 90 total, but I think the debt is higher than this figure (I've lost track). Also senior notes.
I still think nydig is the most likely as they have the most to lose.
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
T1 - trading halted pending release of material news.
Christmas was a peak load. Combined with bad weather moreso. Looking like a decent drop for the next adjustment:
https://www.coinwarz.com/mining/bitcoin/difficulty-chart
Corz is interesting but I don't understand chapter 11. How would the market cap be worth a lot if they owe a ton of money? Why would there be no dilution?
Jamrock the whole thing is bizarre. They have been extremely lenient so far. Is it because of the political donations? His parents connections? Because he was in another country? Because it was crypto and they want crypto to fail? Because he's young and geeky? He's definitely had special treatment and there must be more to it.
I bought some corz a while back before any announcements, it was about $1 or 2. Sold most of them before the big crash as I realised I was wrong, but had some left when it crashed. Closed the remainder in the pump the other day at 40 cents or so which was very kind of the market and too good to refuse. Overall a bad investment and wouldn't go near them again. This is a punt and not an investment.
Seems to add a "low power mode". So would be good for current conditions - gives less hash output, but much better efficiency/profit. 25.24 W/T vs 30.4 W/T.
XP is 21.5 W/T, so the low power mode is half way between.
Would make sense to buy 4 S19J pro's instead of 1 XP - although electricity price still key.
When the next gen of <20 W/T machine comes out these 19's will be like the 17's - so the ultimate time to get rid of them would be near the top of the next bull run - you can sell them for multiples of what you bought them then and they will have already paid for themselves.
Update shouldn't impact resale price as they can be flashed to whatever firmware you want.
It was Matthew Schultz who shared the firmware update details that made me aware of it - so I'm confident they will be doing something with it. These guys seem to be on the ball. The interviews with them are good - more matter of fact than the hype of PW - they also know the mining and electricity industries well. A solid team all round. They aren't showmen, they just get on with their strategy. Basically everything Argo wasn't. I don't trust them implicitly though - thanks to Argo - but from what I can see they are doing the right thing just now and will keep watching carefully. However that wallet address is very useful so thanks for that.
https://twitter.com/smatthewschultz/status/1602719622154764290
https://twitter.com/altair_tech/status/1605255243255652369