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A $20m loan is a very small amount for a $1bn growth company with Argo’s assets. I think the point is that there is no net liability. At this point in the cycle it makes more sense than selling BTC.

In order for me to invest long term I need some protection of my capital, and liquidity for other investments, so I would certainly slice back my original stake on the way up but leave the rest invested for longer term returns. If you’re not protecting/hedging your capital it’s just gambling.

that's not going to happen, different type of machines and the ETH miners will all be out of (ETH mining) business next year when it moves to POS

Absolute nonsense

News leak?

This kind of paranoia won’t do you any good. The SP was hammered by the underwriters in the IPO but is currently gaining on a daily basis and hopefully will see a significant re-rate as the market catches on to the huge profit potential here. The more recent problem has been simply a lack of buyers but that seems to be changing in the volume traded this week. MM/brokers don’t make money unless there is volume.

It won’t. The ETH blockchain will be huge in terms of transactional architecture built on it. Likely to wipe out other alt coins in the process.

Being realistic, we may need to wait until we have full year 2021 accounts to trigger the wider market response. At the moment we have no technical metrics because we have basically zero as a baseline from last year, one incomplete year of profitable trading to date, and a bunch of future plans that still need to be delivered. At the moment we're still a punt on Bitcoin future in an increasingly competitive field (but so are most other competitors) until we can report actual increased hash, new facilities online, return on defi investments, etc.

This is a fully operational and highly profitable business with predictable income, rapidly increasing assets, ambitious growth plans and no debt. It's undervalued, perhaps not as much as some people like to think just now but certainly in terms of forward earnings as a growth company.

the SP was only every above £2 for a few weeks between mid February and mid April, when it was rather overbought by retail. While it's perfectly reasonable to imagine it will rise above £2 again before too long (hopefully this year) it's also important to manage expectation. If we were just tracking BTC trends then we might be currently somewhere between 170 and 190p for example, and definitely not at 250p. However, we have brilliant fundamentals and lots of delivery coming up on Texas etc. With that added value then 250p seems very achievable and with higher BTC price more.

We’re up 10% in 5 days. The SP doesn’t move directly in line with BTC. If you want to track the price of BTC then buy BTC.

Traders will take profits if more immediate gains aren’t obvious (we’re +10% in past 5 days)

Derisking for me would probably be taking 50% out after doubling my stake (i.e. retrieving my original investment capital but letting the profit continue to run).

unregulated rather than banned. You can use Binance, Coinbase etc online but they cannot establish some of their services in the UK. If you want an EU regulated exchange then there is also Nexo.

and the first ETFs will start trading from this week

HUT made all kinds of major business announcements during the ‘quiet period’

Different rules for ‘early growth’ companies.

“ I think it was also close to the fincap valuation of around 240p but I don't know how they go to that.”

You can read their method and criteria in the report, which is on the Argo company website under research (investor information). The valuation assumed existing Texas plans being completed (i.e. in 2022), and projected hash rate, based on an illustrative BTC price of $40k (so you’d need to adjust those assumption going forward).

Like any growth company, it’s then a question of market confidence about whether plans and goals will be realised, and confidence in the underlying market, and competitive position in that market, and what level of forward P/E ratio would be reasonable to accept etc

The whole crypto sphere can be pretty toxic sometimes

they're not allowed to do overt PR this week due to the IPO quiet period