Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Clsk is still a much better run company in my view with better fundamentals. However can't argue with the volume and liquidity that mara has. Trade mara and put winnings into clsk is my aim.
They moved most of them to Foundry about a week ago now they seem to have moved them back to marapool - no idea what they are doing but another week will give an idea if it was a one off or sustained uplift.
Actually maybe it's tonight it comes out?
"As a result of receiving the SEC comments on February 22, 2023 and the Audit Committee’s determination to restate the Impacted Financial Statements, the Company is unable to complete and file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (“2022 Form 10-K”) and to make the required corrections to its financials and accompanying disclosures for the Impacted Financial Statements by the filing deadline for the Company’s 2022 Form 10-K of March 1, 2023. The Company expects to file a Form 12b-25 with the SEC indicating that the Company intends to file its 2022 Form 10-K on or before the fifteenth calendar day following the prescribed due date."
If they can carry on mining that sort of volume then they are suddenly much more interesting. There has been an uptick the last 5 days, so it looks like they have sorted some issues, the next few days will confirm where they are at. The 60BTC in a day is a spike, unless they've had other 3rd party hash join the pool. However I'm still expecting a big loss in their quarterly/annual which I would expect to result in a pull back for the day or two after release - even though it is old news. I would be looking to enter after that pullback. But events will probably play out different to what I'm looking for. Just need these results out the way.
HC, good work on the trade - a profit is a profit and sure beats a loss!
I don't see how the Fed raises next week. The financial system collapsing trumps inflation targets. BNP and Credit Suisse are targets today and if they go down there is definitely contagion - Europe and US. The world was used to very low interest rates then they raised them very fast. The effects have not been seen yet but will be seen as time carries on.
"Now I grant you that CPI is pointing in the right direction but it came in as expected, it came in in line with expectation, expectations that meant Powell was almost certainly going with a .5% hike next before the recent developments."
CPI is coming down a bit too slow to be fair, but my opinion is it will carry on coming down in the following months whether they raise or even if they cut a little. But yes, agree he would definitely had raised 50bp had things not kicked off.
"Putting bitcoin aside (which may actually continue its rally irrespective of the US markets) do you personally think Powell being forced to pivot more because of potential banking contagion than because of getting a handle on inflation is likely to kickstart the next bull run?"
I still subscribe to David Hunter's theory. In a nutshell there's a load of cash on the sidelines, and everyone is short and in full doom mode. Rally kicked off by pivot then fueled by short covering, then all in euphoric rally, followed by a massive bust - 1920's stuff. It's an extreme view I fully admit but it makes sense to me and at this moment looks more possible than ever. Of course it could skip the rally though and go straight to bust.
I did close it HC at 7.40 but then stupidly opened another one shortly after which is now red. Got too bullish/greedy. Markets looking ok this morning so hopefully it holds and I can close it out. Mara results out tonight and I want to be out before then as I think they will need bad and drop the price.
Hopefully they meant that revenue will increase rather than BTC production numbers and just worded it poorly.
Looks like difficulty will be up another step soon.
https://www.coinwarz.com/mining/bitcoin/difficulty-chart
Feels like a last shake out in the indexes due to bank contagion panic. I thought the panic was over on Friday but looks like a bit more this morning. This feeds into the fed emergency meeting. Bitcoin holding up well anyway.
HC yes expecting it to go up a bit more than what pre-market is showing but it may not of course and it can still very much be a losing trade. Close of Friday it was a trade I regretted and now it's a trade I want to be in. Planning on closing it out tomorrow or weds but price will do whatever it wants.