Member Info for Chaebol

I have powder dry for 850 and then thats my lot! hit buy and laugh x;). ive bought this all the way down from 19's in this cycle..... average is too high right now in this evil fud stage 850 will get me down a few dollars . I really felt btc would do better than it has but high 32k is as good as it's got thus far and looks bearish atm..... if this slide continues or sideways its definitely gonna be a long hodl game and then pray we dont dilute too much during this low price cycle.

Fun and games.

Lol Clskbull I remember that cat Argobull x;) the delusion in Argo and delusion in North Americas largest miner MARA is on a different spectrum. I do like your cognitive dissonance in Mara tho x;) Middle East was announced when April May ? by year end that 7 eh will be online. 23 eh installed, Garden City awaiting whatever? but thats Texas ! get out whilst you can, i reckon. If you can show me a miner thats delivered the same amount of growth and eh as Mara then send me a postcard x

Its clear that this debt dilution is good news for some and bad news for others the only tell that Fred really gave was that the balance sheet would be tidied up but i never thought one of the first dilutions after being granted the additional 300 million shares upto 500 million shares would be to service about 55% of a world class debt deal and factors that could have a huge upside to MARA with the btc halving due in 6-7 months and a historic price increase in btc which would have a major impact on its share price throughout 2023 and 2024. Fred could look pretty silly next year just like q1 dilution was done prematurely.

I think it was a terrible move paying this debt off but some believe its great, yet i do believe its a balance sheet tidy up, i hope im proven wrong with a 'fred' announcement, but absolutely am impressed with Fred and Mara execution this year and its forward plans, we all know here that when btc moves mara will move the best, that 30 point rise two weeks ago tomorrow showed it again. No miner has come close to its installed hash, costs can be worked on as they are by its pivot to overseas interests.

and anyway PW had an easy tell when he was lying.....his lips were moving x every time x;)

IF BTC doesnt go up after the halving and repeat its historic trend you wont have miners in 2025 let alone 2026! one of my factors in stacking mara shares was this debt deal and the proposed timing of its expiry. I always felt no matter what happened this was something that would be addressed in 2025 or at a very decent price in its cycle. To hear conflicting info from Fred is not so great and you cant give these mining CEOS too much leeway. Lots of rumours about mergers or JV's but that frightens me more as it means loads more dilution and at this price right now makes no sense. Doing this kind of flip flop makes me think why they didnt raise from 75 bucks down when it was peak bull, they took advantage of the loan note peak bull, i think it was initially for 500 million then 650 then total 750 million.

Disappointing but i will be adding more if we go to 8 -850 ish lol beginning to feel like an argo long share punter x;)

GLA

Unless some huge news is coming they could have easily delayed this for another 12 months, at the very least you would be optimistic that after the halving btc and its sp starts to rally and a higher price gives you far more options.. Doing this now seems premature, just like the huge dilution in q1 this year. We have had around 90 million ish shares diluted in the last 9 months to bolster its bank and hodl and we were told numerous times share dilution would be for growth of operations. I hope we get some "Fred' clarity next week otherwise i can see this falling further.

As it stands right now this feels like a very bad move imo. Fook x;)

GLA

Lets hope its something good! Id never pay up early on 1 point per annum interest and dont understand why Mara would at this stage of the cycle. Accessing that type of credit in the capital markets now has been and gone.

If its to clean up the balance sheet they all need firing. If its a merge or JV then thats another matter but to set their stall out this way has been a disappointment to be honest.

Mara would have almost doubled its share count by the year end and they still have 5 eh and another 20 eh touted by Fred to pay for. A lot of money in this now, ill earn or burn on the Mara hill but sometimes you get tested, ill be adding some more filthy lucre if these go under 10.

GLA

Yeh theyve paid about 75 cents on the dollar to pay that debt early. Coinbase recently paid back about 68 cents on the dollar for 2031 debt.

The 750 million loan not was a great deal try doing that again! with currently about 500 million in cash and hodl was it such a huge liability to mara when its not due till December 2026? 3 years and 3 months to build on 500 million? I liked those odds, really felt holders would be able to convert at 76 at some point by then and then youre only diluting 10 million shares as opposed to whats going to happen already happening now.

Down 10.5% on the day says it all really.

It's taken it 10 points down though! and btc is doing pretty well. Gutted to be honest ! dilution they did Q1 2023 was a waste and so is this. We have a halving and a btc bull run due and im sure the price could have worked out a lot better than this.

Why borrow 750 million to grow and then pay back 400 odd million within 2 years. Im sure those invested institutions were the ones leading mara to get the debt in the first place. This was an amazing debt deal and now its not.

Maybe a huge merger with an emirate firm and they dont like debt ? who knows but very nervous now in this.

Https://ir.mara.com/news-events/press-releases/detail/1325/marathon-digital-holdings-announces-private-exchanges-of

Idiots, this makes no sense at all.

No PI, I think during this cycle its accumulation in the miners you believe are going to do well. Riot is a basket case and for me at the moment just adding mara and hut and zooming out! expected better from btc, hopefully we get a run on it soon, surely September or October we see this sideways action cease and back to 30 plus plz!

GL mate.

All good mate hope you are too! No Quarterly earnings call again, insiders selling large amounts of shares when you would think they would be accumulating at these prices and time in its cycle. Best energy deal on the market ? but carries on posting some of the largest losses x;) make it make sense? it's all very odd.

Will be interesting to see what they produce in October and outside the curtailment months.

That title is a little bit misleading they gained 7.4 million usd in credits for powering down and made 24.2 million usd in credits selling energy back to the grid.

Further on in that article they state this...

'Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control.'

Last year Riot were getting about 2.2 Million usd per month per eh during peak curtailing months. This year its about 700k per eh per month. Kudos for selling the leccy to the grid, they need it! that might help its hosting business which is losing around 6 million a month and i really dont know how that hosting business is losing so much money if its energy deal is so good? its a very strange one riot and being all in on Texas just doesnt give me any confidence.

Lol you love a what about Mara...........what about all the miners in Texas? getting shafted.............i was always very complimentary about ERCOT skills x;) so it was always baked in for me......but no miner is getting decent hash utilisation in Texas via the grid, Riots curtailing payments are down 70 % per eh compared to last year. Texas works against you if youre a miner in that state these days.

You cant blame Mara for machines that have been installed since February, this is what it is in Texas. Least Mara now have the intentions to build another 25 eh outside of USA and have just bought another 5 eh of machines, they'll be up to 30 eh before clsk hit 16, does that make mara the hash install kings ? because i dont see anyone getting near them in that regard.

You must be disappointed with the delay on 16 eh for year end, now slated for sometime early in 2024. Hope that delay doesnt runaway for you clsk holders. They were going to do 22.4 eh for year end, that was promoted aggressively, then revised down to 16 eh year end and now delayed.

'All they gotta do is plug them in' was a common theme from the old Argobull when Mara were delayed. I had a strong feeling CLSK 16 eh year end was a pipe dream but defintiely no biggie if they do get it on track for 'early in 2024'

mining operations, it will be interesting what the mara eh is 'early 2024' and who knows old Garden City might even be blooming then.

GLA

I'll go with 1061.57 btc for the month of AUGUST x;) plus the 3.3 btc from the Emirates

Yep you need to get a bit more conviction in your buys Steve(thanks for the honesty), that was a perfect buy into mara you made last week! buying long shares in miners isa hazardous game and nobody is going to time it perfect all the time. I have buy orders throughout the year in Mara from 606 to 1933, and whilst the price goes down dont panic, because the price will go down on you but if your conviction is real , thats when you add!

Mara Hut and Wulf are my go to miners defintiely not sure on the integrity of Wulf but its been a great miner to trade, like clskbull says hut need this merge to consolidate and then they need a new fleet ! and then good old Mara the company i believe will be far and ahead the largest BTC miner! imho

GLA

Over the last few days a lot of the perma bears predicted this jump to 28k , will be interesting to see where we are in a few days.

Cautiously optimistic x

GLA

Real problems ! 18 million USD in Debt due by 31st August 2024 ill be amazed if they run that far. No assets to sell like they did with Helios this time round, Argo needs a very bullish run in btc and sharpish. They'll be mining 40/50/60 a month after the halving, thats not servicing debt unless we past 100k btc and i have a feeling these type of miners are gonna be bled to death before btc really really runs.

Softwar : a novel theory on power projection and the national strategic significance of Bitcoin / by Jason P. Lowery. / Lowery-Softwar A Novel Theory on Power Projection(1)

https://aul.primo.exlibrisgroup.com/discovery/delivery/01AUL_INST:AUL/1297573990006836

DOD in the States have banned it in book form, so i don't know how long the link will last for. It's blown my mind to be fair and once again shows how early we are invested in this space.

GLA

Meanwhile BTC is back at 26k ill be surprised if we blow under 25.3k BTC people are getting really bearish and thats surprising to be fair.

I'd imagine first week of September, markets go back to normal liquidity and BTC starts running again......

Lol Stnz and to think people do not invest because of the 'debt' of Mara.

That convertible loan note is far and ahead the best piece of business any miner has done since this game started.

Hey PI, I missed a good win with YU. was too engrossed in the bearish game with btc and miners then and missed a boat i had been talking about getting on for a while 2 quid to 8 quid odd now or when i last checked. So gonna stay focused on the crypto btc snakes and ladders unless i see anything very tasty.

I think we might see Ukraine tensions ease to be fair , counter offensive failed spectacularly and now hearing more diplomacy from the West which i wasnt hearing at all before. Lets 'hope' so anyway ! and a good week for btc 'hopefully' lol x;)

GLA