The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"Our new $BTC #ANTMINER will be officially announced this week!
Stay tuned!
Mar 17 New $BTC ANTMINER is around the corner!
Excellent performance and price "
https://twitter.com/BITMAINtech/status/1648708977394610176
There's another monthly cycle I'm following and it's not the moon - it's the FOMC - it will come into focus later next week which is why my timing is this. Looking for a swing mara trade potentially depending on what BTC does. If it gets close to 25 I'll go in heavier.
Bitmain has hinted at a new miner, not sure if there's any news on that yet.
Yeah there's a few of them that look like they are wanting to push on when BTC resumes normal service. However in my trading account I'm out of all positions - will probably see how things are next week and then look to enter back in in the second half of the week. The 28250 level some people were talking about has been smashed - so how low does it go? I've heard 25 mentioned a few times - guess we'll see what happens.
CLSK will be issuing shares for sure - fortunately the demand/volume increase is helping soak up some of the negative effects.
I've finally got round to looking at the filing. You have to love their transparency here - they have included the contract details. You've got to applaud this.
It has the payment schedule at the end - so you can have an idea of schedules.
One highlight is the coupons. If I'm reading it correctly it looks like they'll be getting 12.6 mil of coupons (7 for batch 1 and 5.6 for batch 2), and even better "For the avoidance of doubt, the August Coupons may be applied towards payment of part of the corresponding total purchase price of the September Batch."
https://www.sec.gov/Archives/edgar/data/827876/000095017023012376/clsk-ex10_1.htm
Tempted yet Chaebol?
The results will be next Friday morning before London markets open, and the presentation at 12:00 on the day - normally runs for an hour.
For anyone that hasn't done one of these it's a pretty simple process to sign up, and then you just watch a webcast, where they run through the results and then do a Q&A at the end.
Any burning questions you can submit in advance.
"Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation."
I've submitted two questions previously during the meetings and they didn't get answered. They tend to favour questions from analysts. However you'd probably have more luck submitting any questions now rather than wait for the day.
https://www.investormeetcompany.com/argo-blockchain-plc/register-investor
True, although the workforce you talk about is now a Galaxy workforce as the machines are hosted and as far as I'm aware the Helios staff moved to Galaxy on the sale, unless you know different? If they do have an exceptionally good hosting deal for these 2 years then that is worth something for sure - but we've not been given any details on it.
Yes no clue until we're given strategy detail and the annual accounts. Hopefully soon....
I just can't see them being bought out - the market is saying they are worth $70mil US. However you can buy 2.5EH of S19J Pros for <$40mil. I just don't seem why someone would buy them out - that's no mention of debt either.
https://luxor.tech/brokerage/dashboard
It's been lagging for a long time so it's nice to see it finally move. Volume was generally 2-4, now it's been 10+ the last 5 days. I think this can accommodate the dilution. Also the 50mw expansion should come online in the near future which will bolster mining figures and hopefully see it back over 20 a day.
So far they have executed well and roughly on schedule. I think the 150mw infrastructure expansion is underway already, but will know more on quarterly release/conference.
Last time around hut was 3rd miner, but looks like this time round it will be clsk. Think they will hodl a bit more each month from now also.
There has been a notable increase in daily volume, which I hope will hold. If it does this amount of raise will be easy. They may well be tapping it already. The higher price is even better as it is effectively less dilution. Will see what the next couple of weeks looks like but hoping the step change in volume stays. Next quarterly results in May I think, so I look forward to an update then.
What happened last time around with Coinbase? What specifically are you looking at as the signal?
I had heard of Coinbase app being number 1 in itunes app store as a sign of a top coming very soon. (heard this well after the event unfortunately)
Tesla yes, they have proprietary know how which is hard to copy. Bitcoin miners not so much.
Clsk, yes preference shares and bonuses I don't like at all, but the other miners they just screw over the shareholders and do what they want anyway. But for clsk this is the thing I like least. However from a simple business standpoint I like them.
More important than your chosen miner though is how are you going to recognise the cycle top when it comes? It's something I'd like to hear thoughts on.
Look I don't trust them. I don't trust any of them, they are all dodgy to some degree, but them especially. I'm old fashioned in the sense that I think a business should make a profit. They've had every advantage and failed to do so.
However that said they consistently react to btc movements, it doesn't matter what they do they get well valued. From this perspective it makes sense to trade them as they are reliable in this way.
Has there been an explanation of why they diluted 60% this year?
Why is their bitcoin mining so variable? Why do they consistently have poor BTC per EH?
What is their cost of power? Is it only certain hours where it is favourable for them to run? Underclocking makes sense if your power costs are high and you want better j/t - which was true when BTC was at 16, but isn't true now, especially for XP's, so why aren't they flat out just now? Why avoid grid electricity?
What did the sec highlight that caused the last minute pull of accounts? What was "amongst other things"?
Why do they keep failing to meet their targets? Why have the machines been in boxes for so long?
etc.
Like I say it doesn't matter, the share price will go up and down with BTC, but business fundamentals aren't there - the market keeps this zombie running.
Not holding Mara just now and my riot short was a day or two premature and got stopped out. Waiting to see what bitcoin does over the next week before re-entering any trades unless a big spike down.
BTC per EH is still meaningful for either clocking scenario. Mara hides too much info, would rather be clear on where things were. No need to underclock just now, should be overclocking and be very profitable at these levels, especially with XP's. Either there's an ongoing issue with their operations or a problem with marapool itself. It won't impact share price so doesn't really matter.
The second part of the equation is plugging any new machines in - it won't be Helios as it is now owned by Galaxy who want to self mine.
Will be interesting to hear the strategy though when it comes out. They are in a corner and somehow need to fight their way out.
Thanks d, I've still got some riot in my investing account, but my trading account I'm looking for a drop to 10 for a buy back in (BTC 28ish). I'm rubbish at trading so will just get stopped out if wrong.
Chaebol yes I was thinking it's a huge buy signal for everyone else. Can't short mara on ig but can short riot.