Member Info for Chaebol

Here it is

https://www.sec.gov/Archives/edgar/data/1507605/000149315224008736/forms-8.htm

Mara just announced 15 million shares added to the bonus scheme from the 2018 equity incentive plan or whatever title it is. 420 million! In real money. It’s all getting a bit silly. I thought I’d be smart and play Mara mining margin mayhem game and 60 minutes later the bonus shares get filed.

Could be pain coming ! And now I understand why so many shorters were all over Mara today ! Better times will come, fook knows what price btc has to go to before those time come again but btc keep going up so something has to flip !

GL

Lol when it gets you good it gets you good, if any solace...... it fooking happens to all of us x;) The BTC price has to motivate the miners soon. Mara might start going up when BTC goes down. It's getting that weird.

GL

I think youve done a good move there Ian it is getting very emotional owning miners, I sold a lot of Mara at 30 and bought them back pretty rapido the run has to start soon for the good miners.....I buy BTC over MSTR but the beta is getting very interesting....

Since the lows of Dec 2022 Jan 2023

BTC 16k to 67k

MSTR 140 ish to 1300

MARA 3.21 to 28

MSTR was always conservative v the miners on beta, last couple of months have been really strong.

Even mara and clsk arent really moving at 66k BTC..

MSTR almost at the level of beta on BTC that MARA and CLSK were at...........

Not sure on what level BTC has to hit for them to start running but they will.....

GLA

110 BTC it's been a tough month for the miners in Feb. I don't expect Argo to be unique for February.

GI, I hope your message resonates........ many have highlighted the perils of Argo and its failed business dealings.

95 % off its ATH but you can put it in your ISA x;) Just fill out a W8 Ben form and get into the North American market.

Mara have 184 million paid for new machines, with an option to buy more eh at certain fixed rate i believe. Also with the recent purchase of sheds they now have the ability to expand its self mining MW capacity to most of the other competitors.

I actually think 267 million shares issued for what Mara has today compared to its peers is not too shabby. I'd be surprised if any miner gets close to Mara EH and its hodl and cash without being around that 267 number..........What I am worried about is the continuation of these ATM's and the increases, 1.5 billion is a big chunk of change to absorb and no doubt hundreds of millions have already gone through. Fred's joy at being able to have ATM's mmmmmmm found it all a little bit patronising and no real end goal of actually generating profit revenue. Especially some of the raise prices for Mara, they also lost 17 million in q4 'hedging'

Feels like the race to the bottom will never end but right now 9 billion mcap would get us back to 30 USD per share, BTC needs 70 ? Monday lol ?

GLA

I agree with you 404 the ATM is just relentless..... I managed to get a lot of my future projections correct in Mara, the dilution im way out of target with it, they've already dug into that 1.5 billion 2024 ATM imo, definitely at 30 bucks, I reckon they've done another 300 million ish. Fred bigging up the ATM like its a USP, I'm tired of it tbf.

10's of millions of shares have been wasted at mad mad mad low prices, it's not just Mara.......... its great mara has 1 billion plus in hodl and cash but its not doing much for us, especially when all you see is more dilution.

Seriously considering an exit on the next spike or certainly before the next earnings and its next avalanche of issued shares.

GLA

Yeh, BTC keeping us all in it, we should be back to 65-70k shortly and then we cant be kept down then ? surely x;)

Agree GI,

Being under 10 EH interested me and the scope of machines that aren't going to be profitable after the halving. It really is an industry in the brown stuff and like Fred said 60 k BTC is giving the inferior miners their last gasp !

Hey Lotto I don't think you're far off.

On October 24, 2023, we commenced a new at-the-market offering program (the “2023 ATM”) with H.C. Wainwright & Co., LLC, acting as sales agent (“Wainwright”), pursuant to an at-the-market offering agreement (the “ATM Agreement”), under which we may offer and sell shares of our common stock from time to time through the sales agent having an aggregate offering price of up to $750.0 million. As of December 31, 2023, we sold 19,591,561 shares of common stock under the 2023 ATM for an aggregate purchase price of $248.1 million, net of commissions and expenses. Subsequent to December 31, 2023, we sold additional shares of common stock under the 2023 ATM such that the aggregate offering price of shares sold under the 2023 ATM is approximately $750.0 million. In February 2024, we intend to commence a new at-the-market offering program with Wainwright acting as sales agent (the “2024 ATM”) pursuant to the ATM Agreement, under which we may offer and sell shares of our common stock from time to time through Wainwright having an aggregate offering price of up to $1.5 billion.

Issued another 43 million shares, it will impact us.

Not good imo just reading the SEC filing now and Mara is up to 267 million shares issued up to February 1st 2024. Roll on 65k BTC tomorrow to eradicate this short term downtrend.

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/0001507605/000162828024007680/mara-20231231.htm

GLA

Who needs boner gels when you got Mara x;)

Https://twitter.com/penny_ether/status/1761959234663481837/photo/1

Rejected. Thats the first proper rejection i've seen for a while.

Rough cigarette pack calculations on Argos/brewsters millions.

160 million usd for Helios sold 8 months later for 65 million ish

140 million usd for 20,000 miners, then sold 7000 ish in the box for 25% of the original price.

10 million usd for Texas scrubland

Various rubbish investments in mining pools and pluto.....so you have about 250 million to chew through just on that.

Looks strong for Mara today Mr B.

Im reckoning MM might have some large call exposure with these American miners I think once they rebalance, fireworks!

GLA