Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Folks, I have a theory of whats going on here with the current Bitcoin price. As you may be aware Bitcoin has been accumulated to a point of reserves dropping due to the miners HODLing there a accumulated Bitcoin. Institutions and others arrived late in the game based on the reports i have seen.
As you can see with Mikes reports and others institutions have been steadily accumulating Miners.
Challenge 1: Bleed Bitcoins from weak hands and that was accomplished by dropping and shorting Bitcoin’s price.
Challenge 2: Bleed Bitcoins from Miner HODL reserves. It appears this was the first month Miners actually showed a negative on HODL.
The big question for dialgue is what will the institutions do next?
Mike, there is a guy on stocktwits posting several fund purchases, goes under the name craniac. This morning he posted these.
The Global X Blockchain ETF (BKCH) just bought
144,100 shares of Argo and now hodls 4,101,242 shares.
The Amplify Transformational Data Sharing ETF
(BLOK) just bought 117,414 shares of Argo and now hodls 23,287,503 shares.
He post multiple transactions per day
If I were Peter I would get a loan and purchase as many machines as I could and just make payments with the additional bitcoin mined, or simply sell a percentage of your bitcoined mined and keep a steady flow new miners coming in.
I saw alot of green filtered post and I am sure the nut cases brought great dialogue, laughs.
One thing is for sure. If you borrow enough money to purchase 60,000 S19 miners, Argo may find themselves in a bad place if this other mining machine is as powerful as they say it is, and what about emersion cooling with imthis device.
I dont think we have the complete story available in regards to Pluto and Argo labs, along with Oleary, and the continual institutional purchases of Argo. One more year of this type accumulation the institutions will own a significant portion of Argo.
Yeah, thats the big question? Which lever will they pull. In my opinion Argo does not need to be the biggest miner, just the smartest. Diversifying with Argo labs and Pluto is the way to go. Back to your question, I think a merger with another miner may be the way to go and could quite possibly make Argo and the combined miner the largest. I have often though a merger with Riot would be logical.
I digress, I think if bitcoin continues to rise above 60k we could get a loan with HODL. The question would be what type mining machine would be the fastest and most powerful to bring on line. It seems the S19’s may be absolete with this new mining device coming out. Also what happen to the company we were working with? I forgot there name but they couldnt get the miners created that we wanted?
I am of the same opinion as you. I have posted several articles where it seems as though Oleary is speaking directly about Argo. If Peter and Kevin were to announce a partnership the stock price would blast off. However, im not a big fan Kevin because i think he is two faced especially when he was buying bitcoin when he said it was a nothing burger. Nevertheless Argo could really be put on-the map with such a relationship. Furthermore, the lack of mentioning Argo in itself means alot more to me now. Something Brewing here.
Funny how you guys and gals havnt filtered chuz and chable. Every time there is logical dialogue I can see how the thought process is turned and deflected as with any paid basher or disgruntled former shareholder would do.
If you see a sign that painted red and everyone agrees, the end of the conversation will be turned to how crooked the sign is and the paint is old and weathered and will be removed. Just deflection on logical valuable dialogue. Some folks will say these guys are needed, and I just laugh. Even if they reply to me, heck i dont know what they say nor do i care
I have found that multiple articles with O’Leary have shown a remarkable resemblence to Argo. I have a feeling Argo may team up with this guy.
https://cointelegraph.com/news/mr-wonderful-plans-to-invest-in-mining-company-stocks
Great post! They anticipate listing in February. I dont know what their initial holdings will be but 10% in Argo may be substantial. I am curious to see how they will accumulate shares or have they already accumulated shares?
There hasnt been much dialogue in regards to the new Argo Labs and the possible overlap with Pluto labs or any services these two entities will be providing?
Also, there doesnt seem to be much dialogue around what happens when the reverse merger occurs. What does Argo get? Will they own a chunk of the new entity? What about earnings from Pluto/NFT. Anybody have thoughts on this. Anyhow it appears the investment could potentially pay off. I am wondering if Argo Labs may merge with Pluto/NFT someday or is that within the big picture or what? Peter should be transparent but me thinks he will be forced to be quiet until the ink is dry on the deal.
I have been reviewing the NFT Investments and its interesting to note the key players and investors and thier rlationship to Argo.
For example on NFT’s page: https://www.nftinvest.pro/team
The first person you will see is Johnathan Bixby former chairman of Argo.
Mike Edwards co-founder
just type their name and put argo behind it and google. This merger is looking very interesting
Hmm though servers are in my line of work. I have no ideas how gaming platforms utilize servers and where? I would assume there would be either a server farm or cloud solution on the gaming servers with lots of bandwidth. Typically there would be multiple locations for servers to ensure failover capabilities and or the cloud. Though Texas would make a great hosting site power wise I am not sure about Network capacity and would there be a failover site in mind when moving the mining machines to texas while providing a server storage location. Lots of questions in my head on that one. I will take some time to research how this works and if its applicable to Argo. Hopefully Pete will enlighten us on this very question within the monthly report, but I doubt he will say much until the signatures are finalized and the ink is dry for the NFT deal with Pluto.
I cant help but wonder how Argo Labs is integrated in this? Since Peter was an adviser for NFT and Pluto and now starting Argo Labs I cant help but think either Argo will be cashing out over a sour deal or we may be looking at another merger of sort in the near future. I am ecited either way, however I am extremely worried about the near future as the folks like Blackrock will be performing some horrible shenanigans to get HODL from miners in the near future.
https://www.nftinvest.pro/team
Hmmm, seem oddly logical now
UK-based NFT incubator and investment company NFT Investments has announced its £96 million capture of NFT technology and venture company Pluto Digital in its bid to build the biggest metaverse company.
Commenting on the acquisition, Jonathan Bixby, executive chairman of NFT Investments said, “This is a transformational deal that will provide us with the scale to expand and diversify our investment portfolio in a rapidly growing sector and thereby create long term value for shareholders.”
In the agreement, NFT Investments will acquire 100% of Pluto’s issued shares. In return, Pluto shareholders will own 70.5% of the combined business entity.
The acquisition will have to gain approval from Pluto shareholders and the courts based on an arranged scheme.
Part of the agreement also outlines that NFT Investments will loan Pluto an initial £5 million to use for the acquisition of several metaverse technology companies. The loan will attract a 10% interest and is payable within 30 days if Pluto terminates the acquisition (90 days if NFT Investments pulls the plug.)
On the other hand, NFT Investments will have a 90-day exclusivity period to conduct due diligence on Pluto. Upon completion of the acquisition, Bixby will continue to serve as Executive Chairman of the combined company, while three pluto members will join as directors.
NFT Investments’ merger with Pluto Digital continues a trend of increased investment in metaverse technology firms from last year. According to a report published by Arden Partners, VR firms witnessed a $154 million cash injection from venture capital firms in 2021 amid the metaverse hype.
NFT Investments’ capture of Pluto Digital will create one of the largest players in the metaverse according to the company.
“[This deal creates] a significant global metaverse company and advances NFT’s investments in the non-fungible tokens sector as the Pluto Ventures division has invested heavily in NFTs and NFT gaming.”
The comment points to Pluto’s activity in NFTs and blockchain gaming, including a “strategic shareholding in a UK gaming development studio Maze Theory.” Pluto is already working with Maze Theory to create NFT-based play-to-earn games.