Member Info for Blubay

...are the shorting team having a lie in this morning, or not clocked on shift yet?

The sooner he becomes an irrelevance the better for all concerned.

The SEC is part of the level III compliance process for NASDAQ. We already know from the previous RNS that it’s NASDAQ the company is exploring.

…now might be a good time to start buying if you’re going to cover those losses

Bitcoin up over $30k resistance
Confirmation of future dual listing in progress

Have a nice day :-)

As you say, yes it ‘is’ part of the NASDAQ application process (and was done a while ago). Q3 is precisely the right time for this, based on the company strategy of hodling against future BTC price and expansion plans (all pointing to that date). If all goes well, the company’s held assets are worth more than double what they are today and new production is also coming on stream. The timing is bang on.

At the risk of explaining basic arithmetic, if ARB had fixed assets of a certain number of BTC (with no other assets, no mining activity, and no growth plans) then its SP might have a linear link to BTC price. ARB is not a cold wallet, it’s a dynamic and growing blockchain company. It’s liquid assets (currently stored as BTC) grow every day, which multiplies its value compared to the daily price of BTC. It also has increasing value of fixed assets (like mining machines, real estate, energy deals). Obviously, when BTC was last at this price in November then ARB did not have these things. It’s just a basic fact that it’s growth since November adds value relative to the same BTC price today.

Thanks, that explains.

What’s your investment strategy for ARB? Are you looking for an entry point or averaging down or trying to fulfil a short?

ARB is up a lot more than BTC this year

…and changes in hash rates

Underpinned yes, of course, but not determined in a linear way. You cannot read off what BTC price was on a past date and what ARB was, and then project that forward (when in the meantime the company has grown, diversified, added assets, plans, etc)

Where are you seeing $27-28k when the orders are sitting at $28.2k?

This makes no sense, ARB is a growth company, obviously it’s worth more now than it was then. You can’t read the ARB SP from BTC price (although it is contingently related).

Interesting to see the continued accumulation

The aim of disruptive posting is (a) to fill a BB with negative thread headlines, (b) to drive positive discussion elsewhere, and (c) to make the space unusable or unhelpful for newcomers. End of the day it’s all a game and pretty easy to see.

Agreed, waiting for next news update on Texas and choices on the business plan for that in relation to the company's general operation and future diversification. I agree Texas could as easily play a role in income generation as asset accumulation, and I like the fact there are at least three options there (mining, leasing, energy deals), which gives flexibility. Remember there is also the Canadian facility (will they play similar or different functions). Any further 'big news' is of course a guessing game at this point, to which we may or may not get an answer shortly.

There's an operational RNS every month like clockwork, next in a couple of weeks, absolutely no reason to expect an interim unless there was big news. If you have anxieties it's likely because of your investment strategy rather than company performance.

Sorry, but if you don’t know the answer to your questions you clearly haven’t read enough how the company operates. ARB regularly (daily) converts crypto to balance cash flow and hodl (the latter is converted/held as BTC but the mining is not all in BTC). The current medium term strategy is of course based on future rather than current BTC price, that’s the whole point (because the BTC market is bearish short term and bullish long term). All the main miners are hodling in similar way to maximise return on the price cycle.

Adele, you are never aggressive and always a breath of fresh air in this rather toxic discussion space