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After listening to the video again this can either be good or bad for Argo. It appears they may want to use the sovern fund to build a new facility, but hopefully they may be interested in Helios. Everything Kevin mentions is exactly what Argo is doing in Texas. It would seem logical to buy in to Argo’s 800 mw capacity.
Folks I apologize this is the video https://m.youtube.com/watch?v=zDw76Xdw9Mg
Folks, I was looking at some videos on youtube and found this one with Kevin O Leary. You should listen to the entire video, but listen more specifically at 6:30. I am so excited that I am almost shaking. I am assuming they are speaking about Argo here. We are the only ESG compliant company in west Texas.
https://m.youtube.com/watch?v=WyW5bLMgDnc
This may be actual volume without bots trading back and forth. We are just not marketed to investors well enough to get visibility. BTBT has great volume and their CEO was arrested in China. Its amazing what perception will bring. I know Argo is being accumulated as retail investors give in to the extended wait. I suppose we nee some info on Pluto or some articles on how emersion technology is the standard and Argo and Riot are leading the way while Marathon is using the antiquated technology.
Thanks, yeah i think i remember them saying they convered zcash to bitcoin in the past. Seems like they could use that money to pay the bills and keep the light on. At the same time every three days you have enough to purchase 1 bitcoin adding 10 bitcoins to the pile every month. I suppose there could be lots of ways to skin that cat.
Folks, I tell you that I am absolutely amazed Argo seems to be clawing its way up now. Who would have thought when Argo was sitting at $2.30, bitcoin at 43k less than a month ago that now Argo would be sitting at $1.80 and bitcoin at 66k.
I realize Argo diluted the stock, but did this really justify such a drop. Argo is in such a great place now. I cant help but think that there are forces, strong forces holding this back. The challenge is why? Is there going to be an intety buying Argo out? Shorts expecting bitcoin to fall?Institutions accumulating and attempting to drive out retail shareholders? We all no bots can be programmed to buy and sell a stock on multiple occasions to make the volume look higher. It may be that shorts no there will be no significant news until late 2022 that would increase value for argo. who knows?
Argo should take off but it will be depending on momentum. As retail shareholders decide our competitors are over valued they may migrate to Argo. ARBKF was at 1.50 post IPO and bitcoin was 43k. Now ARBKF is nearing 1.73 - 1.80 while bitcoin is near 63k. Argo appears to be is moving 1.5 cents per thousand. So, mathematically speaking Argo would be 2.30. However, 100k bitcoin should drive some serious momentum as traders navigate miners and the possibility of short squeeze could bring an all time high. Just for giggles I have a $10.00 sell order for all my shares just in case a short squeeze somehow blast Argo off.
Great Post, and I appreciate the dialogue to follow. I dont mean to be negative but how do we know how Pluto is performing? I havnt seen any info on this, just lots of Videos and references on twitter to companies that are creating a project but not sure of Pluto is involved. What happened to their proposed listing? If Pluto does get listed this would be a huge catalyst for Argo in the event they are performing well and provide some healthy guidance. Its to bad Pluto is not as transparent as Peter and give us an update about the company and their future plans.
In my opinion Argo needs to get machines online Asap before others. He needs approximately 900 million to get those 800mw’s utilized, and if if theirs come online with significant hash rate the amount of coins we generate will be significantly less as time goes by. For example if we brought 800 mw’s online right now we would be generating 4000+ coins per month and even exceed Saylor in 3 years. Just suprised Saylor hasnt jumped in with that 500 million
I am not sure how Bitcoin could drop 85% based on the different participants involved. Before bitcoin was full of retail shareholders. Now its different unless some catstophic event were to occur. Unfortunately who know what China would do, another virus, attack Taiwann. Other than that I dont think there will be another significant drop.
Clearly its not my decision but let put the decision but just throwing this out there. The object of the game is to accumulate as much bitcoin as possible with the assumption bitcoin is going to worth 10 times more than it is today. Rest assured the other miner are going to be growing at a rate to make the mining difficulty very challenging as mining machine are brought on line over years and years. Also the halving event would considerably drop the amount of bitcoin mined. My calculation shown in a previous topic showed that we could be mining 1000’s of bitcoin per month and could very well have the Return on investment in a few short months based on a Bitcoin @ 100k and above.
If Peter were to announce such a plan an investor like Saylor and his 500 million would be what the doctor ordered.
Lastly, If Peter were to request approval from share holders to offer another 100 million shares to expedite the complete build out of Helios with a full 800 mw’s churning out thousands of bitcoin per month I would not object to the idea. We would then be the top miner surpassing Marathon.
I have read a few comments about a bear market in the near future that will whipe out some miners.
I suppose we are going to need to define a bear market, catalysts, and drivers.
Bear Market: So I am assuming a bear market may be triggered by a catalytic such as if a significant stock market correction. However, Bitcoin may very well be sitting in the mid-100k mark, and what constitutes a bear market? Bitcoin falling to 75k? Miners would continue to be profitable at that level.
Overall, Peter’s plan to have the retail investors pre-pay for Pluto, Heios, and other build-outs have provided a safe haven for Argo because everything is paid for with a low overhead. I am assuming as we go forward Peter will use a percentage of Argo Hodl currently valued at $120 million as collateral for additional miner purchases and probably sell enough bitcoin to mange paying off the miners on a monthly basis.
If bitcoin travels north of 100k I think Argo should sell 80% of its Hodl to build out Texas. It would literally take 3 months to get the bitcoin back. Much like chess, you need to sacrfice pieces at times to get ahead of the game.