Member Info for Chaebol

https://medianista.com/chad_harris_riot_blockchain_fraud/

Chad Harris fired on Thursday sells most of his riot stock the very next day.

https://capedge.com/filing/1167419/0001415889-23-001970/RIOT-4

And quite possibly this quarter if Mara can get the hash online it could be a profitable quarter.

That would bode well for the sector as many believe it’s a loss making cash monster and would help sentiment. Some of these miners lost 97/98 percent majority lost 90% quite rightly they are viewed with suspicion. A profitable q1 would definitely start to repair that.

Btc was pretty weak yesterday Nasdaq with the Amazon bloodbath and miners just starting to recover from a horrendous 2022.

Btc hasn’t doubled or trebled it’s gone up close to 50 points. At the mara price of 9.57 somebody turned the lights off here and it retraced whether that’s through this uae deal, weakness in btc last couple of days or shorters adding I don’t know.

What I do know is Mara has the most efficient fleet out there and I’ll give you an example bitfarms who everybody thinks is super efficient have 70000 machines giving them 4.7 eh those machine mined 486 for January which looks great for efficiency, however mara use 70000 machines for 7.3 eh and bitf is 40 J/TH compared to maras 24.9 J/TH closest mob to Mara is riot with 29 J/TH what this all means is that companies like bitf will continuously lose its market share of btc as the other miners progress with more efficient miners and J/TH and the amount of machines you use will be a large factor of mining btc and the efficiency.

Maras 130000 XP machines surpasses what any miner has in xp’s and 23 eh of fleet is paid for. Riot have 12 eh paid for and I think 27,000 xp’s clsk have 1800 xp’s

Sincerely I think North America are going to see huge political problems for miners this year, I saw this week Charlie Munger wanting btc mining banned in the states, these people have loud voices and we are already seeing states ban or make it harder for mining in America, you have large waiting lists of miners to be energised all over America and these aren’t moving quickly I think the uae is a perfect curveball to offset what may happen. Especially if you have North America selling its energy to Europe this year. Miners will be disregarded imho.

I’ve bought mara chops, because it is going to be the largest miner has the most volume and some very wise heads on the BOD borrowing 750 million at 1 point even borrowing money at Wall Street prime loan broker rate which mara can access at the rate of 7.5% is still far better than what many miners can borrow at.

I’m not scared of the shorters in this, in fact it increases the chance of the short squeeze and even more money for longs. The shorters I speak with go on about maras debt and how bitf and clsk are more efficient lol ok well that’s bs and it’s flawed. The only way they are proved correct is if btc crumbles and btc has done that already I think we on the upside now!

If this is becoming too much hassle chops and your fearful. Sell. If your timeframe is not urgent and you can hold on, I’m sure by the next halving all mara holders will be sitting pretty and by then will really understand efficiency and how good that uae deal is.

Shorters can be relentless x;) and if I felt it was wise to remain net short in this sector trust me I would be ! I’m not sure if I’m early but btc has flipped from 18.7k to 24k since I did, it’s biggest rise for a long time.

Bullish times imho GLA

'How have marathon got that from 11EH?'

Sarcasm, poor reading skills (its rife here) or you just dont know or care.

Jan 3rd clsk 2.01 usd today 3.70 usd

Jan 3rd Mara 3.40 today 7.77 usd

The ride up from btc been better for Mara ? Considerably hit a high of 9.57.

Like you preach timing that correctly and you’ve made considerable wins and only Argo and corz performed better during that time.

That’s a risky way of judging it.

Clsk start diluting again and the price gets suppressed. I hate the bonuses clsk receive as do the markets, btc handed out every month, bonuses for loans bonuses for shares diluted etc.

I think in a year we will really see how Mara is and hopefully I’m sitting pretty again.

Dagenham,

So company’s that held 12 percent yesterday makes them better than Mara? Is that your argument ? Do we ignore mcaps as well then ?

Maras float

40.37% institutional owners
46% shorters

I think Mara’s inability to hold 12 percent yday has more to do with short interest than anything else.

If Mara does go int Short squeeze you’re going to be wondering why Mara goes up 25 points whilst the others remain flat. I’ll be reminding you when that happens.

GL

Am I imagining it or did clsk reduce its eh target from 22 to 16 eh ? In my world that’s an eh target failure. No buys or ands maybes they issued a statement saying 22 eh that was reduced to 16.

Now you’re going on about the world class debt Mara has but it’s ok that clsk can dilute a further 200 million shares and sell all its hodl. Clsk need to dilute now for expanded hash and is what they will do.

That debt is in 2026 for mateand if the sp goes to 70/80/100 it’s going to be 10 million or less converted shares.

I doubt very much I’ll still be in mara by then but that’s something to be concerned about in 2026

Mara cash 133 million
Btc hodl unrestricted 180 million ish
23 eh paid for 2/3rds xp’s which kept their price far better than the pros

That’s why Mara is valued as it is.

So 22 eh down to 16 eh isn’t a failure in eh targets and is someone else’s fault but Fred 5hit when he doesn’t hit. Right gotcha.

The bull market saves all the miners ab it doesn’t just apply to Fred and Mara.

Clsk have some big ppa’s to sign, I think from memory one of the 2.85 cents contract expires this year.

Let’s see them double hash this year which is already been reduced once and they have to buy the miners etc.

Mara wins hands down it’s not even close between the two.

What miner has delivered eh in a timely manner? Anyone ?

Clsk just recently drew down on its eh estimates and has to dilute and sell every btc to add eh.

New owners taking over KM and hopefully with lower grid prices it can get to 98% I don’t think many centres in America will be running at 100 percent or it will be very rare.

Yep Fred’s so stupid that he’s paid 80 million for 50 mw. Im not going to guess like you but what I do see is an excellent opportunity for cheaper energy and off North America grid which could become hugely political and problematic as the more miners come online there.

Im sure that’s going to be in some xcellent updates soon.

Riot have been in Texas for 2 years gaining hash has been slow and laborious and when all is said and done they have 12 eh paid for, Half of Maras fleet.

By far, day by day as we get to the next halving. Mara is an obvious winner imho

lol AB, if btc drops they all drop if it rises they all rise.

Thats how it is now, a 7k rise on btc in 5 weeks kind of tells me we are in a btc rally !

Anything in the 7's or 6's ill take as much of it as i can today.

They were using wind at KM and wind isnt 24/7 im guessing with lower grid prices, KM can be utilised 97/98 percent of the time, I think thats what clsk had last month about 98%

After zach matt and the rest of the bod take their monthly btc stipends have they mined more than mara lol x;)

How have marathon got that from 11EH?

Really Stnz, come on dude deramp harder.

'Sold 1500 BTC' 'Reduced HODL (but increased unrestricted HODL).'

“With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes. We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly operating costs. Even with these sales, our unrestricted bitcoin holdings increased from 7,815 bitcoin as of December 31, 2022, to 8,090 bitcoin as of January 31, 2023,

'Sub-par BTC per EH.'

Operational/Energized Hash Rate (EH/s)1 7.3 as of 31st January

94.10 per eh Mara
105.6 CLSK

“We started the year by producing a record 687 bitcoin in January 2023, which is a 45% increase from the 475 bitcoin we produced in December 2022,” said Fred Thiel, Marathon’s chairman and CEO. “The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022.

I expect the KM numbers to improve.

'No further clarity on Abu Dhabi deal'

Correct.

Mara improved its daily count from 14.9 in December to 22 btc for January. I think its getting very realistic that mara has 23 eh online this year and its all paid for.

130 million unrestricted cash
180 million ish unrestricted btc.

Shorters are gonna get hurt.

Mara monthly update

https://ir.marathondh.com/news-events/press-releases/detail/1300/marathon-digital-holdings-announces-bitcoin-production-and

687 for the month and 11 eh installed as of 31st jan 2023. Lots of hash coming online first quarter.

Btc sales have commenced but did increase its hodl. Not much flavour added with the uae deal but an excellent update.

Cash in the bank and lots of btc, looks very bullish to me.

Anything to add baker boy ?

note ; Baker boy is down on argo 80 points plus and still insists he is right, doh x;)

Lol you told me a few days ago bitcoin price had nothing to with Argos demise. The lawsuit was going to finish off Argo

Now you’re telling us of 22k 21 k Btc. Here’s your post from a few days ago…..

AimMaster2018
Posted in: ARB
Posts: 3,129
Price: 15.875
No Opinion
RE: Argo Blockchain Slapped With Lawsuit Over Misleading Statements29 Jan 2023 19:23
It's about the survival of the company, not the bitcoin price pal. If u own bitcoin,if price goes up, the bitcoin owner benefits. But lawsuit against a company that was on the brink of bankruptcy, is questioning its going concern imho

So what is it ? Lawsuit or btc

Btw btc is 23.5k ? If you’re going to be negative ina company, you need to be correct every now and then mate, if you are the calibre of what longs are up against, then it’s time for longs to make a lot of money here, which is unbelievable coming from me but this is what we are up against.

Weak knowledge could cost you a lot of money aimmaster. I’d be careful how you proceed x;)

26.2k gets above that and I think we see the most ardent bears give up. Even now with this rise they’re adamant that it’s going down and volume and bets still large on the shorts to be fair.

That flip from the bears can send btc marching mate, I’m predicting 35k ish April. At those prices I’d be hoping Mara and riot will be trading above 20 bucks and that would put them both over 2 billion mcaps.

Maras on real short squeeze potential, for shares in it float it’s the 7th most shorted stock in America right now, and the 6 above it are all flying as well.

Btc flying and a proper short squeeze sends Mara on one imho

Forgot all about the chairman, so has pw by the looks of it.

Said it before Hex, you’re the man for Argo !

You’d have it out at one minute past midnight.

The way Argo is run now it doesn’t really need a CTO but the CFO needs to be a symbolic move, someone who’s respected and that costs. We will see, I’d be linking your resume over to them looks like money for old rope x;)