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Why sell your bitcoin if you think it's going to go up in value. Argo effectively print money. They mine bitcoin at sub $10,000 and could sell at today's price of $50,000. This fundraising allows us to buy more machines to print more money! No brainer!
This is the quote everyone should concentrate on. The placing will be spent on more machines. Smart Growth.
Peter Wall, Chief Executive of Argo Blockchain, said:
"We are pleased to announce this fundraising which presents Argo with the opportunity to further invest in and expand its mining infrastructure."
Be careful that bed and breakfasting where you sell and buy back straight away to use up your capital gains tax is no longer allowed. You have to wait 30 days to rebuy. You can as people have said to buy back in your isa which is fine.
Nope. Check this out https://twitter.com/ThePortfolioHub/status/1358802351314915329
Tweet Argo and Peter to try and get then to contact IG. They managed to get Interactive Brokers to change their minds. Might work with IG too.
Yup. The staff are probably due a bonus following the successful increase in machines etc. I'd rather tie them in for the next 24 months by giving them options, then pay out £100k cash now and reduce our bitcoin HODL.