Member Info for Blubay

the BoD have significant personal share interests in the company

It's sometimes easier in low volume stocks to get a quote on a round number of shares rather than a round number of pounds. Try quoting for 1,000 or 10,000 or 100,000 shares are see what happens (rather than £100 or £10,000 etc).

they're not going as far as accepting crypto payment, just allowing people to pay an intermediary bureau exchange in crypto who then pays the state in dollars

Why?

In a low volume market yes, probably, in a high volume market also risky

yes, unreal really. Argo's consolidated Galaxy loan for machines was $25m @ 4.5%, and the recent senior notes issue $40m @ 8.75%. Presumably, they also have options to mortgage the facility at Helios, on first phase completion, and/or sell the two data centres in Canada (140,000 sq feet, 20MW), assuming the existing hash is moved to Texas.

If you want an entirely transparent ledger system, where all parties can see all transactions, then don't hold heavily leveraged open positions or you'll get rinsed.

Little has changed in the asset and risk assessment since last year, other than de-risking with new seismic data and intention to deploy larger rigs, so you'd expect their targets to be broadly in line with broker notes from the last campaign. One step at a time, reclaiming 18-19p would be a good start and a realistic one, 20-30p may need a bit more reassurance this time around.

@Truth - would you care to share your research findings?

careful, it's being ramped on social media without any evidence

So let's say up to $100m left on the Bitmain machines (?), to be paid over monthly instalments (in order to double existing hash/power to 3.7EH, increase monthly income, mining efficiency gains from immersion etc).

IPO $112m + Senior notes $38.6m = Total raised = +$150m
Infrastructure costs for Phase 1 $50m + Phase 2 $30m = -$80m
Balance / cash remaining = $70m ?
Consolidated Galaxy loan (from prospectus) = "... convert up to £14.5 million ($20 million) of the principal of this loan into mining machine financing ... (but that might have been the deposit)

In no particular order...

Hodl approx 3,000 BTC = $125m
Move existing hash from Canada and sell the data centres?
Host Terra Pool clients at Helios?
Mortgage Helios site?
Enter joint venture with Intel or another miner?
Friendly/hostile takeover by another miner?
Other options...?

What's the bill for the 20,000 machines and the balance outstanding?

@Chuz - "The board has gone rubbish because there's nothing left to discuss... Theres only one bit for me that needs addressing and that's ummm funding :)"

Here you go, new thread, discuss...

Year to date (1 January?)

HUT -14.9%
BTC -16.6%
ARB -16.7%
MARA -25.1%
BITF, HIVE, RIOT -26% ish

That's in cold storage not on exchange

"Btc up 2000 dollars this isn’t shifting."

BTC up 4%, ARB up 4.17% ??

e.g. if you benchmark from date of MARA's peak price in December then it would be the worst performer of all the miners since that date, and bizarrely ARB would be the least worst performer (although I wouldn't necessarily start from that date). HUT outperformed MARA on all other timespans over the past year or so.

Not really, as it fell faster than any other miner on the drop in BTC price (mainly due to the regulatory malpractice and potential legal action) and it has not climbed as quickly as others in relation to BTC recovery. HUT might be a better performer on your metric, I think.

"I'm reading a 28% dilution for marathon? Yikes"

If you look at MARA's history and previous business ventures, that's just they way they operate, slash and burn, pile on debt and dilution, maximise salaries and director payouts, get out early, move on to a new sector

Moderna in trials for breakthroughs on HIV and cancer. $15bn in cash, potentially $30nn a year from now, no debt. Will likely come good in the end