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all depends on your investment timescale. If you're looking past November/December then it probably makes little difference if you hedge your top up today or tomorrow.

Sphere 3D is a a cloud-based software provider. This stems from a merger with Gryphon Digital Mining. Gryphon installed its first batch of S19j Pro Antminers and plans to add 600 per month up to 7,200 (720 PH/s) over 12 months. Sphere then announced purchase of another 60,000 Antminer S19j Pros (yes you read that correctly) with the first delivery this November. They plan 6.0 exahash (6.7 exahash including Gryphon). Sphere is financing with a raise of $200m. The operation will use 100% renewables. Their SP is up 250% this year. It's worth observing that they are starting mining pretty much from scratch in a short time and we'll have to see if they deliver. Argo is obviously ahead in several respects, although we'll have to see how the financing IPO turns out and when machines will be on stream. Who knows, we might even be hosting their machines :)

I wouldn't expect to see much change today

yes, there was one
2021-09-22T07:03:49.687 GBX 202 3000 £6,060 Off-Book XLON

that's not the price for the launch, it's just indicative of what the shares were trading at in London on the filing reference date. The price will be set after today's close of trading, before NASDAQ opens tomorrow.

It is happening tomorrow but that's up to NASDAQ and SEC to manage. There won't be an RNS from the company while there is any kind of process still ongoing, probably when the price is confirmed.

No need to over-dramatize an 8% price movement in the world of BTC

I would have thought the opposite, this would be an ideal opportunity to increase position here surely?

true, but they were right, it did make sense to sell in May (or February) and buy the dip but I agree this would not be the week to do that :)

Will be interesting to see if they can sustain that kind of range for five days

I don’t think 3% is really a dive in crypto terms, more of a top up opportunity. Analysts are always divided on the short term trend, it could easily go down further or up, medium term is obviously more bullish.

Not sure the SP will be up today with the overnight dip in BTC price.

SGI is probably toast unfortunately, they’ll be lucky to avoid administration at this rate

Institutional adoption is the only way BTC will survive/thrive as the serious contender and that means regulation/taxation. The gains will far outweigh the negatives, even if there is grumbling about in the US along the way.

Not all alt coins are going to thrive or survive, and the strong money still seems to be on BTC in Q4, although obviously lots of other options for higher risk-reward stakes. If the London upgrade comes off then I think we might see more movement into ETH.

“ Let's target a new high first shall we.”

Did you read the article? That’s exactly what it suggests, an anticipated ATH first, and a possible retrace before the potential parabolic. The modelling and on chain data has pointed to end Q3 and Q4 all along as the critical phase in this cycle. That’s why the IPO was planned for this month. There are no guarantees of course but we’re getting close now to the point where if it’s going to fly then it will

https://cointelegraph.com/news/next-stop-85k-for-bitcoin-as-analysts-predict-explosive-q4-for-btc-price-action

Yes, ARB shares (actually ARBK ADRs) will be available to trade publicly in the US and most of the IPO seems to be free of lock-up (I think the most recent submission mentions a lock up of 90 days for about 12m shares).

It’s a fair question to ask because half of NASDAQ IPOs do go down in price in the first couple of days. ARB is a bit different though as it’s not a new company floating but an established foreign company with an existing share value and brokers with knowledge of market demand in a growth sector.

It won’t be higher than market price, and the SP might be held/suspended just before to align markets, but if they have brokered advance sales those will be at a discount. Remember the amount raised for the company is from first sale of the shares not their re-sale price on the open market.