Member Info for Chaebol

its called a death spiral.

The only thing that turns this is a BTC flip and super quick.

lol nah PW wins on the comedic errors ! and his infamous phrases.

Mara couldnt stop a storm obliterating them but was probably the best thing that happened, hardly any mining last few months, the cash burn begins kind of now for Mara, we will see.

Not including September 757 btc mined, thats caused this lol.

Why didnt they negotiate short term ppa in May June July August?

lol

4 months of low btc prices and high energy prices theyve hardly mined any btc to blame the ppa is absurd ab, it hasnt helped for sure but way worse went on here. Thats just added to its woes.

Like Hexam has said far more money has been lost from its decisions before the ppa fiasco.

When argo say they have been 'proactive' in securing a ppa, 'optimistic' of securing a low priced short term ppa. lol you should have learnt now that argo being proactive and optimistic doesnt mean anything.

lol well, if 87 million shares hit the market I think youll be getting much cheaper prices.

87 million shares will churn Argo to death for months, but go on throw it in, i'll wheelbarrow it out, cheers x;)

Its no one yet until its signed.

Argo and the respective parties to the letters of intent described above intend to negotiate and execute definitive agreements in the near term. There can, however, be no assurance that any definitive agreements will be signed or that any transaction will be consummated. In that circumstance, the Board would review other financing options, of which there are a number currently available. Should Argo be unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations.

The Board of Directors remains confident that the Company will be able to complete the transactions described in this announcement or failing that, other financing transactions to provide the Company with working capital sufficient for its present requirements, that is for at least the next twelve months from the date of this announcement.

First paragraph is scary.

It was a lot more than just the ppa, yes a factor but a lot more went on here than just the ppa fiasco.

'I agree Mara are great at raising money though'. You're almost working it out AB (lightbulb moment?)

Thats crypto mining, capital intensive as argo have discovered, Have i not said repeatedly that Mara is a 5hit show but the best 5hit show. Money is going to win the crypto mining game in the end, or they all go bust and it goes back to the old way of mining, but Mara imho have the best chance of being numero uno!

Unless btc flips,Its all on the next halving now 2024/25 how many miners will be left? mmmm

AB, you're the last person I would ask on which miners are good and bad x;)

It was easy this short ( first week was the toughest), and the long in Mara at my buy in prices will be easy again i'm sure, I cant believe how deluded people become with these investments in miners, Im convinced its all very obvious.....Maybe ill get caught out one day but like i say i think its so clear and obvious whats going on.

lol 250 million got an additional 1.1 eh that they dont even own lol tell me how evil mara is ab?

its a comedy, spouted around buzzwords like 'smart growth' 'Crypto winter experts' 'onwards and upwards' 'shareholders will be taken care of'

If they buy those intel rigs at its current price next year then its goodbye, zero will come sooner.

Theyre toast

PW 'Bali Boy' lol I got some grief for that one.

internet coffee shop winner, way out of his league. Way out.

The demise here was obvious.

i reckon 29p sale now will look very good in a couple of weeks this is going to low 20's

you gonna sell?

https://www.coinwarz.com/mining/bitcoin/hashrate-chart

Currently at 271 eh, who said it wasn’t gonna hit 300 eh this year ? Lol with Argo eh at 3 eh that’s 9 btc mined per day.

I think we can safely say Texas will be the death of Argo, in hindsight would have been far more prudent to have made their fleet in Canada all s19’s if they had had a proper fleet this year 1.8 eh would have mined best part of 200-250 btc per month, instead 250 million shed for extra 1.4 eh and doubled its Leccy costs.

And a pending order with intel for over 50 bucks per th, you can currently buy th for around 24 bucks. Real smart move in a bear market.

Now as evil Mara up their hash everybody else’s pie is getting smaller.

DSFAT and others highlighted a discrepancy between what’s announced by corz per day and what actually hits a btc wallet, so corz report 45 btc and 41 or 40 go to a wallet.

And it happens everyday, dsfat, did you get a reply to your email with corz?

Barclays have just told the world we are large bag holders in corz.x;)

Get in ! on no volume as well.

We need a pick me up here, its been testing last couple of weeks, lets hope we get some Love tomorrow.

Early birds that accessed world class funding. Maximised it the best. Thats whats rewarding them at the moment, that may change over time but it wont if they hit 20-23 eh next year.

Some huge institutions, some of the largest invested with Mara that have to justify investing in them, huge due diligence.....and clearly they like what they see.

I think its obvious *unless a black swan event, that btc is going to remain in the doldrums until 2024/25 now the investing ethos really is who will be around then and again i think its obvious that mara will be around in 2025 but if these prices continue what competitors remain and what did they have to do to survive the winter?

Maras gonna be close to 1000 btc a month soon whilst most miners are seeing a decrease in the btc numbers mara will be growing as will the global hashrate so other miner btc counts go down whilst maras goes up.