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You do this over and over, quoting volume shares on NASDAQ after 2 hours trading as if it was a daily amount. Absolute nonsense.

ARB volume today 4.5m shares in London (average daily volume 3.46m), so only 30% up today

From an investor perspective, it doesn't matter how much fire power any other miner has. What matters is the relative or proportional capacity for growth of any each company, versus the likelihood of them achieving that. For example, if Argo were to plan for 100% increase in hash this year and a larger miner was planning 50% then Argo's growth potential would be double the larger miner with more 'fire power'. Then you'd have to look at the two companies, the SP, finances etc and consider the relative chances of delivering to target. Absolute size doesn't come into it, that's why people invest in AIM companies. That's not an argument to say Argo is better, just contesting the logic that 'bigger is better', it isn't. Catching early growth companies on the way up is better, but of course also carries risk on delivery.

They're not 'off the internet'. They're insisting that Russian companies have .ru addresses with territorially based DNS. This would allow them to control traffic in various ways if they wanted to, like China, and presumably give them some further scope for cyber shield capability.

Yes, I was thinking that my next £20k ISA entry could go a long way on certain shares this year

That's what the RNS says

not necessarily a compliment, just an observation on how these things work. Credit due for the choice of moniker perhaps.

Hence my point

Bodes well for the success of their ASIC chip, good news

"Not sure why you'd visit this board if you didn't think the share has potential or you weren't invested."

Things are rarely as they appear on these kind of discussion boards. Everyone has their own price targets and their own timescale. Some are more organised than others. Accounts that are created solely to target a single share seven days a week for months on end are always worth noting.

Are you still buying ?

Funnily enough, Argo lost less value than any of the other public miners since the Bitcoin high point in November. ARB down 58% since then, MARA down 70% (they've lost the most).

Smart move

I presume the installation of the full capacity of power infrastructure makes the site considerably more valuable and therefore more mortgageable. That will be much more relevant to the medium term business plan for 200MW than to a hypothetical plan for 800MW on the additional land option we don't yet own.

In case anyone has forgotten... https://imgur.com/a/jAVa7MH

@Chaebol - as you well know, the entire business rationale for locating Helios where it is and with this specific power deal (and other miners moving to West Texas) is precisely because they can tap directly into the windfarm supplies that cannot yet be distributed effectively over long distances to cities like Austin because of the wider grid limitations. As you also know, Argo's connection to that massive excess power production is not 'creaking', it's literally plugged into the primary sub station next door (there is no grid infrastructure between the two). If they wanted creaky grid infrastructure they'd have paid peanuts for some scrub land somewhere without that connection or preferential power sharing contracts.

I guess they have a well established model as everyone knows, max out in a new sector, make massive losses, pay huge bonuses/salaries, fold and then move on to a new business sector. On the plus side, MaraPool hash rate seems to be picking up a bit the past few days, after falling to near zero!

As I’m sure you know, the issue in West Texas is power distribution and grid connectivity to the major population centres, not excess customer demand

As you well know, MARA missed their published hash ambitions by a country mile last year, and MARAPool appears to have a maintenance problem of black hole proportions. That can happen to anyone of course. Bitmain deliveries are notorious and Argo could yet experience issues at Helios. But so far, business seems to be entirely on track

That’s the choice and responsibility of the local authorities, and not Argo. I’m sure various projects were discussed and the community chose that one.