Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PRESS RELEASE
11 January 2021
Argo Blockchain PLC
('Argo' or 'the Company')
1,058 mining machines shipped early
Argo (LSE: ARB), the leading cryptocurrency miner based in the UK, is pleased to announce that 1,058 S19 and S19 pro miners from the company's order of 4,500 leased mining machines, made in November 2020, will be delivered ahead of schedule. These machines will be fully installed and hashing by the week of January 25th, three weeks early. These units will add 103 petahash to the company's current SHA-256 mining capacity of 645 petahash, bringing the total to 748 petahash before the end of January.
The remaining 3,442 machines in the order are expected to be delivered on time, and to be fully operational by mid-February 2021.
Peter Wall, Chief Executive of Argo, said: "This is great news. At a time when our mining margins for the first 10 days of January are well over 70%, having these new, efficient machines up and running early will increase our monthly revenues and help to continue to achieve these excellent margins. 2021 is off to a great start."
Still trying to process the mad goings on here the last few weeks.
The BB chatter has swallowed us all up. Still holding onto all my shares, as I see this has more to run compared to RIOT, MARA and the like.
Plus PW just comes across too well, has not put a foot wrong from the start of 2020. Therefore not diversifying to the others as ‘when the shoe fits’.
Agreed, zoom out and ask yourself these 3 questions...
- where is the world heading?
- where is all fiat currency heading?
- where are Bitcoin and cryptocurrency heading?
Answer: To the Argo bottom line
Doesn’t matter day by day or month by month, ARB will always be quids in.
As always DYOR GLA
All pure profit at the end of the day.
You’d be hard pushed to find another microcap in similarly sure footing.
Hence the confidence to increase HODL quantity.
We’re looking at a rosy few months here.
If we do a peer comparison, then ARB still the standout at current output and balance sheet, but DYOR
Can see Riot & Mara possibly double their MCAP today.
We will have to 10-bag to catch up in short order.
All our liquidity is gradually flowing out of the LSE and we’re soon to see a liquidity squeeze.
The SP will really motor then.
GLALTH
Hats off DK to the comment of the year - in what world do you see Bitcoin return to £5k I ask?
Mate I feel you’re better placed with the RMS board.
Anyways thanks for the chuckle - BTC may go one final time below £20k, but ARB is profit at anything over £8k. GL
True Billfunk - I anticipate a possible 30-50 bagger in ARB from here, but by that stage it will be for others to appreciate.
As you have said before - only the NASDAQ can truly appreciate these gains. I’m on board and with you for that, but not sure I’ll have the cojones to ride it out till the end of the next 12-18 month...
GLA DYOR
I have not seen anything to deviate us from the BTC S2F model so far apart from potential individual country FUD of extreme magnitude. To be fair I am anticipating this with a BTC of $50k with a sharp recovery. The IMF must be bricking it...
Therefore a $250-450k BTC is in reach toute suite.
All IMHO.
I have my sell structure in place for the 10-bagger from our current SP set out.
I must say it’s my risk tolerance, but I cannot see another LSE with as much of a certainty as ARB in the next 12 months.
As always - just my perspective.
Billfunk - I for one must hold my hands up as a dual listing naysayer.
You have opened my eyes and this week has been transformational for us and my portfolio.
Although I may be nearly 10-bagging, I am not selling currently. Call me naive, I have my target now - but in all honesty it took me to compare us to our peers to reach it. The US market has shone a light on truly how backwards our tech appreciation is!
GLA DYOR.
Courtesy of WMSJames:
@ArgoBlockchain is an undervalued gem! (Yesterday)
RIOT $1.1B / 566PH / 0.51PH/$M
MARA $720M / 294PH / 0.41PH/$M
BTBT $400M / 2253PH / 5.63PH/$M
HUT $310M / 952PH / 3.09PH/$M
ARB $75M / 645PH / 8.60PH/$M
Excluding future PH!!!
https://twitter.com/argoblockchain/status/1343841963565445121?s=21
Welcome aboard Melendhar!
For me, today is just the start.
There is no way I’ll be selling a bean until our MCAP is truly realised.
Even at £1 I can see this potentially 10-bagging, in my experience of selling crypto too early in the last bull-run. My expectations may be grossly inflated, and portfolio woefully focused.
I must hold my hands up to James, Billfunk and co. to humbling me by really showing us all how stagnant the share had been on our side of the Atlantic. I am now completely on board in pursuing a NASDAQ listing.
GLA LTH. DYOR.
Today is the first rung on the ladder for me!