focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Pi, BTC dropped due to ftx and all the miners dropped (most more than clsk). Any miner I switched into would have gone down then up a bit (but not recovered to sep levels). To single out clsk because you don't like them is misleading.
Argo was facing bankruptcy. There was every chance it was going to 0. It went up because bankruptcy was avoided.
"Chaebol, i'm getting the feeling a lot of folks who were invested in ARB, moved onto CLSK to cover their losses from ARB, have now got spiked there."
That's what you wrote, implying people moved to clsk and got spiked. Lol.
Long term held BTC keeps going up (coins not moved in x days), so the stage is getting set. Exchange balances have been decreasing. FTX drainage leak is resolved. A demand spike will trigger a run. Hong Kong, especially if a China mainland proxy, could for sure.
Thanks HC, I'd like to grow my holding via trading but don't want to be sidelined either. Thanks for your thoughts, I'll keep thinking about how best to do it, probably keep a 80% holding and trade 20% or something like that.
Chaebol I've not seen evidence of lying. The atl lawsuit is about being late with build out. Mara missed targets loads of times. That said I'll read into it further next week to get a full understanding. Mara pool picked up today but could be a one off spike.
Chaebol I gave you the transcript link and the page number.
I can't read it for you. Detail is there. Cheaper electricity prices are Feb 2023, now.
Can you put pi out of his misery, he went deep in mara and doesn't know what to do.
Yes HC, via their ATM. It's good business but not great very short term for shareholders - although good longer term. Although CLSK has fallen less today than the others but that's usual when BTC drops.
Chaebol, CLSK hasn't got a PPA, they are looking to do that in Spring when they think prices will be most favourable.
They've chosen the half way house of S19JPro+'s for this batch. Their lead miner really likes the XP though. These machines are significantly cheaper, but cost more to run as you say. So really depends on electricity price secured and this isn't a given until it happens.
S19JPro+'s at 3 cents per kwh are better than XP's at 5 cents per kwh. You do have to take the cost of machines into account also.
It's the price when BTC is at ATH that I care about, not day to day prices, other than knowing the company will survive until the next ATH.
However I have swapped some out temporarily whilst the dilution is on in the hope of getting a bigger holding when I swap it back in.
That's at the moment, not last quarter. Last Q was higher electricity prices, lower bitcoin prices. Cleanspark will be mining more bitcoin also this current quarter, so divided by BTC costs will be lower per coin, as well as electricity prices being lower. Riot no idea I haven't looked. Mara releases quarterly results on Tuesday after hours and I will close my position before then as I think they will also be poor and impact price downwards (unless BTC jumps or there's surprise good news). Hopefully PCE sparks something good today.
Page 10 for detail:
https://www.cleanspark.com/wp-content/uploads/2023/02/TRANSCRIPT-CleanSparks-Q1-2023-Earnings-Results-Webcast.pdf
Henry Hub which heavily influences spot electricity price:
https://www.tradingview.com/chart/?symbol=NYMEX%3ANG1%21