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Why did they go bankrupt in the first place?
They didnt do places vs RIOT and MARA. CORZ went and borrowed the money for its machines etc and that set the tone when the bear market came in, and then the BTC hodl was a forced sell and then the 120 milion ATM they had with RILEY i believe, fell apart as the sp cratered. they were unlucky tbf.
I am looking at them thinking they are still undervalued but all of them are imo. More MARA for
me at this time!
GLA
Great news.....it's that cream rising x;) Agree 404x sets the tone again. Let's see what kind of rise we get from the sp on this, looks nice pre market but hoping we get that CLSK love, maybe some shorters might let it go but not 100% sure on that!
Very pleased Fred announced this. They had 42 EH paid for a while back and was keeping that 50 EH target for end of 2025. The best part now is that forward guidance for 2025/26 should come shortly, that target could quite easily be 80 100 EH.
GLA
Argo are going to need to pivot into some other form of crypto biz, they cant afford to stay in this business. Next month they are mining 50 if they are lucky and at this price thats 3.3 million revenue a month, problemos!
Bear or bull market Argo lose money, hopefully these inferior miners get ironed out and Global hashrate starts dropping a little bit.
1.4 EH to make 1 BTC per day at 630 EH thats mental! the economics dont work for many, Either btc needs to fly or a lot of these miners have to start accepting the futility of btc mining and give it up.
Https://www.zerohedge.com/crypto/chinese-fx-outflows-soar-priming-next-bitcoin-surge
'So don't be surprised if in the next 6 months Bitcoin doubles again, and the move has nothing to do with ETF inflows, the halving, or frankly anything else taking place in the US... and instead is entirely driven by China's massive wall of money which at last check was almost 3x bigger than the US.'
GLA
Same to you swans x
Looks like the halving FUD that smashed a lot of the miners last couple of weeks is over and with the TX fee increase, its not really been a true halving....Could be a very good cycle coming to us now and we should keep seeing BTC climb for the foreseeable too.
GLA
Not much idea tbf swans. I had a look early last year and cant see anything bad from the quick scan i just had..... from memory, zero debt which is pretty admirable and 4EH ish about 70 odd million in BTC and cash 230 mill mcap and a low share count. If it feels good and you cant see any obstacles in the way go for it swans, I just don't know enough on BTBT to be sincere.
Migi is my alt for now. If that hits 4 bucks again it either goes to another alt and i am liking WULF or probably into Mara.
Yeh makes sense.....I think those shares are issued officially on the 8th May, brokers no doubt forward sold them but id be looking around that date to see how those shares have been absorbed and hopefully a weaker price than now.
Yeh this sp of 1.1 1.2 seems to have been GST home for months, release a vague positive RNS and then do a raise on that rise! lol if it falls under 1p ill add. Im in it for the FCA approval so until that comes home we will see the joys of aim play out.
And in fairness to GST they have always used the funds for serious acquisitions, although the timing on this raise, definitely could have been worked better.
Hash rate looking pretty aggressive. Hypothetical but fair to say, global hash rate could be over 800 EH the next month, at that rate Argo 2 EH literally gets you 1.1 ish BTC per day without TX fees. Argo going to need 150k plus BTC just to keep going imo.
An old foe now friend was telling me over the weekend about Riot investment....... Corsicana 200 mw has been energised. All in their execution now for a sustained run. The costs on the hosting needs fixing too but yeah a great day !
Typical Mara lagging today ! one of these days it wont be ! least Migi flying $4 and i might get tempted to shift that in to the blackhole of my mara investment x;)
GLA
Im all over GST Long investor at 1.1 p average, im at the bottom already imo.
Full FCA approval should be met by Q2 Q3 and then should be trading at multiples at what is now. Ill be gloating on GST one day in the future for sure!
We pay and take our chances in the adult world of investing and TheeeDuke caught argo at 5p and i doubt many investors have ever had that sort of win! He personally lost a lot of money in TNT and BLU and probably feels worse that he advised it to people over the money he lost as he is that type of person.
Lets all play a bit nicer here! good times should be coming for everybody....... lol apart from Argo holders.....youre toast x;)
5 Blocks that shows in Mara wallet. These blocks were mined bt Foundry and ViaBTC pool but show up on the mara wallet like this
840131 2024-04-21 01:24:52 +0.00000888 BTC (0.58 USD)
840129 2024-04-21 01:08:23 +0.00000888 BTC (0.58 USD)
840124 2024-04-21 00:12:10 +0.00000888 BTC (0.58 USD)
840110 2024-04-20 22:27:26 +0.00000888 BTC (0.57 USD)
840105 2024-04-20 20:53:29 +0.00000888 BTC (0.58 USD)
Weird they show up on Mara pool wallet and not very nice they have no payment with them, im trying to work out what it could mean?
Mara wallet......
https://bitinfocharts.com/bitcoin/address/15MdAHnkxt9TMC2Rj595hsg8Hnv693pPBB
Wednesday did seem to be the turning point and the bottom for now, now the market has to start pricing in this tx fee mayhem, no one anticipated that.... hopefully we all get some good love next week but like always expect the unexpected.