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Think to yourself hc how much that first paragraph has sent many retail clients running for the hills x;)

A lot of scared folks in crypto now, December last year everyone was running on youthful exuberance, different times now and I really expect the markets to et used when the mid term count ends…..maybe even a tremor tomorrow. I think btc won’t climb above 21.5k before 15k hits the alt coins will have a mad pump and then down we go all imho not financial advise and like we say at times wtfdik.

But My hard earned is down we pay and takes our chances.

GL

Like anything pi it’s supply and demand. I have said before, when btc’ obituary comes out and people left right and centre are telling me it’s dead, that’s when I’ll be buying x:)

I’d be looking at Supply and demand of btc that has a lot of answers right now, anyhoo 15k btc by the new year plz x;)

DS mate youre sounding a bit depressed keep your chin up, you know a lot about crypto would be a shame not to profit from it, its all cycles and trends btc will come back after the halving and i agree who knows where btc goes to , I do sincerely believe btc is going down as ive said many times before 20k is a great price in its history, miners made it cheap, now it needs to flush out the idiots in crypto and the only way it can do that is by going lower, I'll be amazed if btc doesnt touch 14/15k by the new year, really test the mining space, most of the miners can barely hang on now let alone waht 12 months of low btc prices will do to them.

I can only see 3/4 miners making it through but thats how it should be, most of these miners play fast and loose with no substance its all coming home to roost now. Sincerely DS pick the miners, you know who they are, pick the bottoms YOU want to buy at and sit back for the next halving.

Anyway keep your chin up.

GL

Pi,

I top sliced and took profits, was starting to get antsy about not cashing out on the spike before that, it’s been a great win. still have 1/4 of my holding left. Gonna forget about them and see where it goes.

Yes hc iris admit 2 million revenue from 7 million expenses, at least iris had the good sense to box off each segment of machines into a special purpose vehicle, they will just default and hand over the miners.

Corz is just toast has to be if they get out of this and refinance, I might buy Argo long shares x:)

Cheers Ab, this Isn’t bad either, Fred’s becoming the voice of the crypto winter experts x;) at least he dare not say it.

https://bitcoinmagazine.com/business/potential-for-bitcoin-miner-capitulation

Lol Ab is it mara envy? Do you already know the answers ? or have you never done a deep dive into mara? If you really want to know ill tell you but i dont sense these are questions you need answers for
Heres Many answers......
https://d1io3yog0oux5.cloudfront.net/_5245d300e70e21b673404697114d8430/marathondh/db/212/3886/pdf/2022+October+-+MARA+IR+Presentation+FINAL.pdf

' I completely accept their core strength is raising funds' and viola you have almost worked it out AB with your own words in the industry that still requires 100's of millions of dollars to be relevant Mara are the best fundraisers by a long way, its going to become more apparent as we go along im sure.

Im not sure if you know this AB but no miner is profitable right now, so why comment on maras? and like everybody else need much higher btc prices to thrive. 42k ish BTC mara need just like any other miner and thats proper breakeven not the skewed accounting they all come up with, but also have the insurance if needed of being able to call on hundreds of millions of dollars during a bear market, theyve made some serious fook ups the Coal gaffe was a nightmare but also led them to strategise on not owning sheds and right now that looks a foolhardy business, you cant apportion blame to Mara for whats happened at CN again it was jokers running intensive capital business's.

Mara being around during the next bull run isnt even a question, its what will mara and its hodl be worth when that bull run comes. If im owning any other miner bar riot hut hive im thinking about the company getting to the bull run, not the fruits of what that bull run is going to give you.

Lol dont downplay yourself, you’re one of the better posters here you’re just wrong bout clsk
joking x:) ..you knew Argo Corz was in peril, lol that’s knowledgeable enough.

It will be interesting if corz machines go up for grabs and what prices they achieve. If the demise continues on btc I’m not kidding when I say some machines could be given away and the deal is a slice of the future mining from them. That would be great for the miners with the infrastructure.

We have already seen mental fire sale prices for miners and infrastructure but the xp’s are definitely having an edge for now In price and performance.

Intel chips ? Must be some results due soon from the miners that could afford them.

I didnt say dodgy. I stated the dilution as factual, they need to buy miners to go from 7.6 eh to 20 odd eh so I’m suggesting further dilution further loans further sales.

Look at the miners since June the ones that have performed the best are the ones with hodls. As we near the halving this will increase the mcap of the largest miner hodlers imho.

Difference in market cap maybe the future funding the market knows clsk requires, I think Mara trades 2.5 times it’s book value the highest in the mining sector by a long way but still very low obviously due to the industry wrecking itself. The market gets things wrong all the time and what’s obvious to some is clear to others ie the debacle in corz and Argo.

Imho if they keep buying like they are, diluting selling btc and getting loans then I could see huge issues here, and now they’ve bought the sheds they are bound to fill them with miners asap, they could easily end up like Argo and corz if they’re constantly adding machines to its infrastructure, if the bear run continues at least they will keep buying cheap miners, but I think already it’s becoming more about s19 xp’s rather than the s19s and xp’s starting to hold their price again.

Let’s see……. one way or another up or down I’m convinced something takes us out of this btc trend we have had since June , should be a fun November x:)
GL

Trinity 35 million nearly 300k per month in interest
Mara 750 million convertible shares 625k per month in interest.

Both principal amounts to be settled in 2025/26

Clsk could borrow 75 million and be paying the same interest as Mara 750 million, that’s the reality.

But look at the difference Mara have 20 odd eh of machines paid for it’s done.Mara have 52 million in cash and they still don’t want to buy sheds, Plus the repayment/access to loans and rates are incomparable. Plus clsk no hodl. Continuous selling of btc at these levels is almost a failure now in itself in spite of clsk strategy, I understood sales at 40k 50k but not here at 21k and lower.

To further expansion they will be diluting, obtaining loans and selling btc I don’t think Mara have that pressing need to dilute, to the best of my knowledge they haven’t diluted since April I will need to check, they’ve been drawing on the silver gate facility.

Clsk 1/3rd of the way there of this 23 eh target , what do they have 5.5 eh by eoy and 7.6 total paid for ? They are reliant on a lot of things going right, and not one bod of any miners leaves me feeling confident of it’s successful execution.

Stnz is that a rhetorical question ? I would have thought you knew that.

35 million from trinity 9.9 % per annum plus the 1% kickback to bod
2 million recently in sec filing 13% with the kickback

Have they paid trinity back ?

35 million from trinity in April https://www.coindesk.com/business/2022/04/26/bitcoin-miner-cleanspark-raises-35m-in-equipment-backed-debt-from-trinity-capital/

thats at 9.9 % per annum, plus of course the 1 % kickback for the bod securing the loan.

Maybe more rhetorical from me clsk have diluted from 2020 4.5 million shares where it stands today at nearly 65 million shares thats nearly 15 x dilution in 2 years. Plus the energy business they formed in the first place is unsellable they have started to drawdown the energy biz since they can’t find a buyer. It’s a lot of dilution in a short time no hodl and virtually no cash now and 25 million ish left from the atm. Now funding for 20 odd eh mmmmmm

Was tempted to short here yesterday but I’m going for btc instead 15k by the new year, I’ll probably be a month early or do kwon might do another fraud again, but I feel confident that after the mid terms next week when the counts finally stop the markets are getting nuked, this was the best October in 50 years for the US markets from what? Lol fake pump to make democrats look good, let’s see it fall down now.

I don’t disagree with you Chopsing I’m just too conservative for saylor and his ways people will make lots of money no doubt but I’m pretty sure lots will lose eventually too.

Cheers Toptuf,

After the aggressive rise on Tuesday it isnt unreasonable for figures of 10p-15p to have hit the latter part of the week especially if Cine had issued an 'rns' on what had unfolded.Lets see what the next rns has in store.

GLA

AB, to the best of my knowledge they've got 25 million usd ish left from the atm.

Its always the 'fundin'

How many machines are they owed ? how many more do they have to fund? i know they receive delivery of s19 xp's shortly but its not too many.

I agree HC the crypto axe is hard and fast CORZ and Argo were at risk for ages, yet many people believed otherwise, like you posted before barclays do a big buy recco on CORZ weeks before it details liquidity/bankruptcy issues, the bod of CLSK just cant convince me of the long but i do get why its attractive for many right now.

Yeh hc, I’m super bearish with btc now. Hut8 has performed pretty well last month to be fair.

We will see with clsk I’m getting super tempted to open a short with it, all that dilution and spending and faith in the bod to execute it, lol what could go right x

GL mate.

So you’re saying because Mara did it, it’s ok for clsk do it? This is apples and oranges. Ignore the facts and point the finger at Mara ?

Do Mara borrow money at 12 13 points, no they pay 1 point, the difference is worlds apart ab. Maras strength is its credibility with Wall Street and access to liquidity which has all been world class. Hence 750 million at 1 point interest pa. The bonus schemes are skewed/troublesome here

It’s happy days from the lows but To be fair I was expecting 10 p maybe 15 p to be touched this week, the lack of a rns to support the rise is concerning me a little. Hopefully a very positive rns hits shortly to allay my fears.

GLA

https://capedge.com/filing/827876/0000950170-22-018440/CLSK-8K

On September 13, 2022, Mr. Bradford’s Employment Agreement was amended to provide the following compensation to Mr. Bradford: (i) a $600,000 annual base salary, effective October 1, 2022, , (ii) a bonus opportunity equal to 100% of base salary, effective October 1, 2022, (iii) the grant of 1,350,000 performance stock units (“PSUs”), 1/7th of which shall vest upon the later of the Company obtaining shareholder approval (the “Shareholder Approval”) to increase the shares available under the Company’s 2017 Equity Incentive Plan, as amended (the “Plan”) (such date, the “Shareholder Approval Date”) and the Company’s reaching 4.0 EH of total Bitcoin mining processing power, and each additional 1/14th of which shall vest each time the Company reaches an incremental 500 PH/s of total processing power (or, in each case, if later, the Shareholder Approval Date) (i.e., from 4.5 to 10.0 EH), (iv) 1,350,000 restricted stock units (“RSUs”), such RSUs vesting on each anniversary of the grant date, such that the RSUs will fully vest on the third anniversary of the grant date, provided the Shareholder Approval is obtained, and (v) effective October 1, 2022, the payment of 1.2 Bitcoin per month. In the event that the Company ceases to mine Bitcoin for any reason, the Bitcoin payment shall automatically terminate, and the Company shall have no obligation to pay Mr. Bradford any additional Bitcoin.

1.2 million a year 600k basic 1.2 btc per month, plus they rewrote the bonuses fissuring shares equity and obtaining loans the 3 amigos get 0.25 percent to 1% for every dollar ina loan raised I can see these boys heading into oblivion.

That’s it I reckon. Loads of shorts got squeezed in this rise, I’m a btc bear now, 14.5 15k btc is coming. I just wish I knew when x;)

It’s a lot of dilution and it’s hard to follow plus they’ve sold all the mined btc alongside that, I saw a 5.7 million trade go through on Monday which must have been the Argo money, the dilution since September explains why this has lagged in sp in spite of good buys and quick eh growth.

With a figure of 20 odd eh next year as a target, they have a lot more buying and diluting to do.