Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Ah ok, I can see the extra coins via Foundry (bc1qxhmdufsvnuaaaer4ynz88fspdsxq2h9e9cetdj). Note that Foundry pays the next day so tomorrow's will be the final one for it.
PI - CLSK is issuing shares just now to pay for more expansion/rigs (50MW Washington expansion - 1.6 to 2.2EH of machines). This is holding back the share price.
Chaebol - I'm open to trading them but it's not really a fundamental approach for this one, more about volume. Does MARA normally uptick on news release? CLSK, RIOT and MARA will all have large figures this month - thinking about chopping from one to the next with news releases depending on how they release. I'll need to go back to the better news releases and try and understand.
It will be an interesting update for sure but probably won't get it till half way through the month. The margin % should be higher as electricity spot prices should have been decent for Jan. Although whether we get additional clarity required to properly assess remains to be seen.
I think RIOT and CLSK will have good updates later this week. RIOT should be over 700, and CLSK should be 696.
However a big week macro wise with FOMC dominating on Weds.
Chaebol - I'm getting a 431 BTC count so far this month for MARA. Someone had mentioned 700, but not sure that's right. 68 blocks I'm seeing.
https://mempool.space/mining/pool/marapool
Natural gas at 12 months low.
This is good news for Galaxy (Argo) and Cleanspark - both looking to lock in power purchasing agreements which are heavily influenced by gas prices. Hopefully good deals coming for both.
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
Gas prices have come down now, so galaxy is likely to sign a PPA in the coming months. Spot prices should be more reasonable also.
However with no details of the hosting arrangement or loan terms we can only guess. Bitcoin mining should be more favourable just now though than it was last quarter.
I believe it to be heavy ATM usage just now holding it back. If there is a bull run about to kick off it makes sense to buy miners now while they are cheap and more importantly available. Trust, can't trust any of them really, all in it to line their pockets.
Ds, glad it has made you money! I think it's overvalued now but the market will make up it's own mind and has been on a nice run this week. It's very hard to value the miners though as there are a lot of factors to take in. Cleanspark near to no debt, 6.5 eh at 200mil valuation. Comfortably outmining miners with twice the market cap.
I'm not tipping digihost anymore and am out, I feel they are at fair value now Vs other miners. They've continued to go up since I sold, but I look on a market cap basis and think they are fair valued now, perhaps slightly overvalued.
I think cleanspark are issuing shares via ATM to fund the next 50 mw build out and machine purchases. If so this would suppress price while shares are issued. On track for just shy of 700 BTC this month. A good update next week might see this rerate.
For info, US natural gas prices have been coming down significantly. They are now below 3 for the first time in a long time.
This is positive news for Argo, as it means Galaxy should have a chance of getting a decent PPA soon.
https://www.cmegroup.com/markets/energy/natural-gas/natural-gas.html
Better live price:
https://coinlobster.com/
Mb, I've closed my dghi position now as it had a good run the last couple of weeks and is closer to fair value now. They'll need to raise to buy machines now also. No idea what the price does now but I'm out for now. Looking for a clsk rerate on the next monthly update if BTC holds.
It's feeling agitated now for sure and considering a run. I'm not going to predict where it will go as I don't want to jinx it but I bought a couple of BTC at 16.5-17. I'm looking at the wider markets and they also are considering running. I think the fed will try and talk things down but the market will eventually ignore them (fingers crossed for Feb 1st). I want to see s&p 500 go to 4300 next.