Member Info for Billfunk1

Exactly, Albert. Not to mention XRP delisting will likely add to BTC supremacy and help Argo share price.

Nocoiner deramps are so easy to demolish.

Cheers Albert, have a good one all.

How many XRP do Argo mine?

1. China is mining BTC, they hold 65% of all bitcoin in the world.
2. I don't think this affects the actual mined bitcoin moved to cold storage
3. Because they want the ASICs cheap so they buy them cheap from the Chinese

Why would it open at 30 pence if it stays at 85 cents in the US? Wouldn't it open closer to 63?

Darientaylor - shovel makers $EBON up 7% premarket and $CAN up 10%

I know Mozax, I hold all these shares. Before today Mara had 180PH and deliveries from Jan to June taking them to 1.28EK before another order in Aug taking them to 3.56EH. Now today they are taking on more after Aug to Dec taking them to 10.36EH

The main risk with Mara and Riot is, of course, failure by Bitmain to deliver.

So apparently MARA signed yet another agreement with Bitmain for even more machines. When delivered in Dec2021 they will have over 100k machines generating 10.36EH!

That's the Nasdaq for you. All that capital that flooded their initial is now being leveraged to grow faster than everyone else. That's what I was saying this Summer. We are now a good value, frugal, value laggard play in the space.

I still hold as I have serious concentration risks to deal with here!

FYI Pop this opened in Germany today and is trading at 0.45 Euro so about 41 pence.

He's deramping bitcoin because I told him to bugger off yesterday for being a p.issant thinking he was going to get in under 25p and sell for 29p on tuesday.

What a moron! Is there no way to block idiots on here? He drags down the whole subforum.

What MCAP do you guys think we need to get a Nasdaq listing?

IIP - it's on the wrong market. I won't be touching UK stock from now on in.

Try not to focus on the price of Argo or bitcoin. Hold in there until the reports of institutional buying have finished. That's what will indicate the bull run is over, not the price.

No-one knows what the price is going to be when every institution that wants a piece of the cake has a piece.

Which begs the question, how can you prove an absence? Well there are a few companies i would expect to be buying here: banks, funds, fintech/ecommerce, megacaps with large dollar treasuries. They either buy in or disavow. Most of them haven't declared yet. So I hold and wait.

Say nothing about the potential for nation states buying in. Though I have it in writing that our Treasury is not considering this. The national debt is all perfectly sustainable, they say. I guess they can always devalue.

But they can't devalue bitcoin.

No I am not sure.

I am using the higher figure as I prefer to undersell and overdeliver in my analysis. This is a value play so i go big on the valuation so as to be conservative.

We won't know the true MCAP until there have been a few days more trading in both the UK and US, I suspect. No doubt for a few days the Americans will push it up and the Brits will pussy out and sell. I'm just banking on the American capital being stronger. As far as I am concerned the sooner this is out of the hands of the British the better, present company excepted of course. We are the chosen few.

Even on here I saw plenty of comments about dividends, or profit taking after a 10% rise. Pathetic weak and ignorant capital.

Morpheuz - the £55.8m was when the UK market shut on Thursday midday. The $96m is when the US OTC closed Thursday PM Uk time. In that time, across two markets the price went from 19 pence to 33 cents.

I am using $96m because it is on ST and is the last known price. Given that I am telling people this is undervalued I feel the most conservative valuation is the largest one. Short term 3.5 bags only now versus 5 on Thursday.

I'm now thinking about our energy capacity. Both Riot and Mara have plans for 3.8EH and 3.56EH respectively so their energy requirements will be 100MW+. Even if we could get that amount of miners we could plug them all in.

Does anyone know the plan with regards to expanding our power supply above 64MW? This is one of the ceilings on the SP as far as I can see. I know we did a deal with GPU to secure 20MW long term but what is the plan for 100MW+ ?

Apologies if this has already been covered.

Which all goes to show one thing: We absolutely must be on the Nasdaq.

1EH on the Nasdaq is worth between 6 and 30EH off it!

Mara 3.76

Simplified million dollar of MCAP per PH produced:

Argo 0.14
Bitfarms 0.14
BTBT 0.11
Hut8 0.26
Mara 13.76
MGTI 0.25
Riot 1.61

Below is a very simple chart of PH produced versus MCAP. This is a very raw but effective valuation method. Ultimately all we want is as many bitcoin as possible as cheaply as possible. How much are you paying for each PH? This site is atrocious so forgive the awful formatting:

Stock PH MCAP/$m Million MCAP per PH
Argo 645 96 0.14
Bitfarms 965 138 0.14
BTBT 2254 253 0.11
Hut8 952 246 0.26
Mara 185 695 3.76
MGTI 80 20 0.25
Riot 550 886 1.61