Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
4 % and analists told me 2.9 % big miss that one !
Is it all a simulation, it makes me wonder ! The inflows will rectify this nasty 1% btc drop and back over 50 plus in no time. This cycle doesn’t finish like this X;)
GLA
I'll call another Argo raise of 10 million ish if this hits 30 p again. They might even be tempted to raise again at these levels.
I think continued raises which is what is needed to pay off the loan notes, stifles argo's price.......
I do prefer this new method of accounting. Feels fairer. You would hope this upside reflects in the sp!
Whether Mara gets rewarded for it is a long time away, q1 earnings in May.....but we may see some clues in the q4's due in March. I doubt MARA will see the upside like CLSK has but thats 2 consecutive earnings that CLSK has pumped hard on pretty poor results tbf. Fred could definitely take a lesson from its marketing hype dept. CLSK are very good at that and people in the main believe it. So fair play to them.
Thnaks Hex, Yeh q4 earnings could be generating an operating profit is what i meant. A profitable q3 with the one off debt payment and an operating profit in q4 and then that accounting update q1! 3q's of profit and they say mining investments are futile x;)
I know we have different figures but anything from 300 million to 500 million 'profit' could come out of this accounting change. Not sure the market will be so naive by then to this update so im not sure what effect it will have on sp at that point. It's helped clsk massively just by the way they report its earnings..... do you think the market will reward mara ? 300-500 million 'profit' is just as real as clsk 'profit' but i bet mara doesnt get the cream...........
Hexam,
From q1 I have it more than 400 million.
They could theoretically use 16 days in December but I’d expect it to come in from q1 for Mara, wasn’t the fair value hodl given 276 million usd value under the current accounting rules ?
Unlike everybody else Mara will have a real crack at ‘operating profit’ in its next earnings, that will be good for the industry but I’d love to see this 450/500 million revalue on maras hodl take effect with the new accounting rules.
I think mara has been been front running btc for months. I have us examples but the most recent rejection at 19.65 showed it again, soon after btc fell off.
No idea why the mining has fell off last few days....curtailment/switching machines/maintenance. Look forward to the monthly update hopefully explaining this. You can't keep 24.7 EH operational down for long x;) and at least Fred's not getting bonused for that x
? Mara has had a record trading month in volume.
https://www.financecharts.com/stocks/MARA/summary/volume
Blackrock recently increased its holding in it, even yesterday 55 million shares traded, is well above the norm.
'The big takeaway though is that ALL companies need BTC to rocket post-halving to be profitable.'
Definitely shows that buying btc is better than mining it at these absurd all in prices.......
Mara should be making a profit again for q4 34k looks around the breakeven that would be 2 consecutive quarters of profit, Clskbull the debt repayment benefit went into maras accounts, its real money...... it has to be factored in to q3 but still very low on its all in costs for q3 without it...... and i'd expect Mara's efficencies to continue reflecting in a lower all in cost. Up until the halving anyway.
Last reported Earning q3 2023
All in BTC costs for Q3
With debt benefit MARA all in costs $9,623
Without debt benefit Mara all in costs $33,290
DGHI $27,373
BTDR $29,650
CORZQ $41,938
CIFR $42,781
BITF $44,661
BTBT $45,822
WULF $47,488
CLSK $67,877 LOL
RIOT $68,981
MIGI $105,429
HUT $190,364
Cantor Fitzgerald i have questions...........credit to CryptoKlepto for the numbers.
Lol I'd be checking Cantors calculators on those all in costs x;) Blatantly wrong and schultzy solidifies the lie.
Its great marketing, i'll give them that. Cant wait for earnings to come out and show cantor for what it is x;) a bunch of cant's x;)