Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Sorry, forgot to add it will also help fund replacement of existing rigs. It’s fine at the moment all the miners saying we’ve ordered x thousand new rigs for a hundred million or so but in 2-3 years they’ll need replacing so then it will be either mega dilution to keep expanding or remain steady state on hash and replace. I believe the whole Texas strategy shows PW taking a 3-5 year view now and planning for that whilst others are just racing for hashrate. Argo having the infrastructure to expand and host others will be a great strategy, I hope!
Surely that’s the point of Texas up to 800MW? To have scope to expand our owned rigs for increased HODL and to be able to host others’ rigs for revenue to either offset our own rig op-ex or help fund new rigs. Material revenue for hosting will be a major benefit.
Agree Blubay, I'm expecting 170 for September given one fewer day's mining than August. Of course that's without any new machines contributing which we don't know - though as the autumn machines to get the extra 530ph seem to have slipped a touch from Sep/Oct to Mid Q4 there may not be much impact from them in September.
If max pain on tomorrow's options expiry is c$35k on BTC then I don't think we'll see the move to $42-45k until after Friday morning. Could be a very good weekend though.
I did think ARB would have moved to the £1.50-1.60 this week though when BTC hit $40k.
It must breakout to the upside soon. Too high a quality company to remain subdued.
Yes, I think most long term holders have their own spreadsheet and track NAV and staking revenues as best they can. Most of the holdings have been in RNS’s over the years so easy to identify. The biggest problem is BTC and ETH whose holdings I’ve never seen detailed. Then it’s down to personal choice how you value any of the yet to be listed tokens or where KR1 have shares in a business rather than tokens.
Things get quickly out of date, the link you put up doesn’t have Vega, Karura or Clover in for example.
At least if you do it yourself you know what the logic is. None of them will be wholly accurate so a $5-10m variance doesn’t really matter.
Staking revenues is more difficult, not least as they haven’t done any updates on staking for some time now. I just took the latest RNS, calculated the average monthly tokens received for each and multiply that by the latest price, assuming they still get that level. I wish they would follow ARB and do a regular operational update on staking revenues as I don’t think anyone but the committed LTH know much about this area. Visibility of staking revenues would help rerate the share price in my view.
I have very little knowledge of US investing but I believe this is the route to get around the $4 Nasdaq condition (I do realise there are other ways). By issuing ADRs that are say the equivalent of 6 UK shares (which I think is what the BP ADR is) it gets to a share price instantly of $7-8 even at current levels. Best to wait until they release details of the ADR offering though.