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based on 20,000 bitmain mining machines providing 2 exhash at 60 mw utilization the following can be derived.
800 mw / 60 mw = 13.3
13.3 x 2 exahash = 26.6 exahash total
What about overclockin of 40%
26.6x40%= 10.64 extra exahash
Total 37 exahash capacity
So if if 1 exahsash mines 125 bitcoin per month
37x125= 4625 bitcoin per month
Tell me where my math is wrong?
So Marathon has indicated they will be 13+ exahash in the near future.
How does the Helios facility compare assuming Argo utilizes all 800 mw’s with the emersion technology overclocking capability using the most powerful mining machines?
Folks the institutions or holding this down. Have you seen how much Argo has been accumulated just in 30 days. its like a wolf pack. As soon as the alpha eats his fill others are allowed to join in. Im ****sed but understand whats happening.
Another calc: Argo has a 2000 bitcoin Hodl. Since the IPO Bitcoin has risen approximately 20,000. This translates to 40 million. Almost half the IPO money. Incredible how powerful the shorts and institutions are holding this down.
Folks, institutional ownership has jumped from 5% in August to 60% now. The institutions are patient, purposely holding the price down while they accumulate. There is no crystal ball for their actions. The driving variable now is the price of bitcoin. Argo has set themselves up to grow over the next couple of years with the capacity of Helios @800 mw’s. If bitcoin continues to rise in the 100k + area their Hidle alone will be equal to the market cap next year.
As you can see retail investors have significantly dropped from 95% as indicated by Peter Wall. Here is the change just from 1 week. The institutions are accumulating shares with no issue.
Data Last week
Retail: 41%
Institutional: 50%
Data This Today
Retail: 30%
Institutional: 60%
Another cool stat: When Argo listed on the Nasdaq Bitcoin was approximately 42k and now bitcoin is at 58k. Again with the same calculation assuming Argo has 2000 bitcoins. The company has increased 32 million in value. Also meaning that in less than a month Argo’s increase in value makes up almost 30% of the entire 112million ipo.
For poops and giggles let say Bitcoin goes to 100k. The value of Argo’s IPO would be exceeded merely by Argo’s holdl
Folks, assuming Argo has accumulated 2000 bitcoin now. Todays Bitcoin move from 54 to 58 has yielded Argo 8 million dollars in one day. This is 7% of the 120 million obtained by the IPO. How many mining machines would this acquire.
This is ofcourse as of bitcoins price right now when I am posting this.
It’s to bad these guys creating these videos dont know enough about Argo’s Texas facility to present mining possibilities from Helios at full capacity running emersion technology on the mining machines.
I dont know if I am responding to paid basher or investors who are getting their butts kicked. The plain ans simple truth is that Peter was bombarded by request to get put on the Nasdaq, so he did. The Texas facility needed to be paid for. It was a win win for Peter to completely pay for the Texas facility and get listed on the Nasdaq!
Do you really thing Argo is going to be a $1.50 stock in the next year or two.
I currently believe along with institutions accumulating that in the next 3 years Argo will have accumulated 7000+ bitcoin with little to no debt and bitcoin will be hovering in the 100’s or 200’s thousands of dollars with an infinite potential to increase in value.
so either sell out and go away are buy more.
Folks, who would have known the stock would have dropped like it has, but the path is clear. Bitcoin is going to rise, Argo is going to accumulate more and more bitcoin with very little debt and be proactively ready for any bitcoin dips.
My advice to folks is sell tour shares now so the institutions can accumulate what they want. It appear bashers are here in full force, so give what they want or make fun of them.
Just some HODL calcs to remind you why your in this stock.
ARGO currently holds 2,000 bitcoin
The recent rice in bitcoin from 40k to 58k added $36 million to ARGO’s bottom line
Each day bitcoin rises $1,000, ARGO’s value raises $2million
If ARGO mines a conservatively predicted 3000 bitcoin and Bitcoin price is at $100,000, ARGO will have approximately 6000 bitcoin HODL which is $600 million. This is almost the current market cap.
If Argo sells 1000 bitcoin to add mining machines to the Texas facility it would take 3 months to mine the bitcoin back.
So, go ahead and sell ARGO to the institutions and others who already calculated this info. If bitcoin continues to climb there is no way this manipulation can continue.
Imagine if the current share price was based on 7 billion mkt cap. It would be a nice pop if that was tepaired and the bots auto adjusted. We could have a 10 fold increase in price. Unfortunately the price is held down intentionally, but you never know?
I concur! The big part of the Argo equation in my opinion is how do you rid Argo of 95% retail investors. Shake the hell out of there nerves by lowering the stock price while it should be rising. The savior scenario now is three fold:
1. Institutions are done accumulating
2. Bitcoin brakes 100,000
3. Surprise news from Peter like Sailor in fact is going to provide a joint venture with Argo to utilize all 800mega watts at the TexS facility using emersion technology by investing the 500 million needed
Just as a joke, 4: The girl from Pluto actually brushes her hair for the next Pluto youtube interview
The problem with the shorts is that we will never no how many shorts are truly in Argo. This is a huge challenge. You will see on most sites that post shorting data. Shorts participating in the short report.
I know alot of folks here are disappointed. But if you will indulge me, here is my theory.
When Bitcoin was driven down from 60k to the 30’s what happened? A huge mass of retail investors either sold out or leveraged out. Enter the institutions: While bitcoin was in the 30’s to 40’s who do you think were buying?
You can paint the same picture with Argo now. Much like when bitcoin was in the 30’s retail investors are being shook out. In August Peter disclosed that Argo was made up of 95% retail investors. Institutions are buying Argo in small chunks as retail investors are jumping ship. The volume is dictating the same pattern day to day. Now that some institutions can buy on the nasdaq we are not going to see Argo rise until there done feeding and more retail investors jump ship.
To be honest Argo is a short recipee aswell. The shorts no there will only be substantial news until mid-2022, so why not short Argo aswell.
Inflection Point: However if bitcoin continues to rise and brakes all time highs I dont think the institutions will be able to maintain this game.
For gods sake look at BTBT a bitcoin miner from china. They are outperforming Argo and there CEO went to prison and there are a hole lot of shenanigans there. But, the big difference is that they have a huge investor following that keeps feeding their share price.
Keep your head up folks, just wait and see what happens.
Argo could conceivably buy half of its shares at the existing price
In Dec 2022 Argo would have cash equivalent to market cap
There are a lot of things that will happen. Those of you selling right now will regret it