Member Info for Chaebol

Smart growth

Earlier this week, CleanSpark purchased 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts – a significant markdown from the manufacturer's listed price. In August, the company acquired another mining facility and bitcoin mining rigs in Georgia from Waha Technologies for about $25 million.

2800 bucks per s19j pro. Wow.

Yeh more transparency, what did Helios cost 80 million usd 100 million usd 125 million usd, everything in it is loaned out.

Does anyone have a straight answer what Argo paid in total for Helios ?

Lol ab,

I thought PW confirmed thee was no feed in tariff for Argo to be paid energy credits ?

I’m sure all investors here would gladly take 4.5 cents per kwh after this debacle. Problem is as prices go higher, ercot hold more of the cards.

Massive amount of mining machines waiting to come online in Texas from many other mines, it’s a long queue, Argo should have had this wrapped up, instead they are in this mess.

Why would ERCOT wanna give away cheap energy when they are at full capacity as it is and prices look like they are continuously rising?

Argo needs to give this months to cool down before they can even get ERCOT below 5 cents per kwh, Argo buried themselves with this ineptitude.

The 2 cents lie is a 450 % downside mistake and growing, ive seen some chutzpah in this arena but to tell us all it was 2cents fixed and theyre currently paying 9 cents and rising is laughable.

But hey keep buying the worst miner wtfdik.

ab wanna bet the ppa is not signed to this year,? heck ill even give you january.

and i also believe that if NYDIG is the mining pool partner with ARGO i think that has more to do with NYDIG looking to take Helios, I think the knives are out for Argo and NYDIG could end up getting Helios for a song. No way NYDIG would agree to pay 9 cents per kwh must be a lot more to the eye in this deal and possibly why its being kept so secretive.

but mara negotiated 4.5 cents for hosting in Texas 6.8 eh is due this week, institutions involved in mara in a far bigger way than any other miner, you are so argo biased, Mara has trebled from its low, i ask again why would i wnat to invest in argo

1. when they are currently paying spot.
2. huge debts
3. 1100 btc hodl
4. little liquidity
5. under 100 btc per 1 eh
6. CEO repeatedly lies.

argobull argo went up from 4p to 330p and you didnt sell.

So god knows what motivates you to buy, Argo is easily the worst miner in this space, paying spot lowest margins high debt low hod no liquid.

Why would i wann invest in that mayhem.

mara has 6.8 eh coming online this week allegedly, should tick up nice imho.

Mara pretty much trebled riot doubled, argo barely up a quarter.

Why would you want to own argo? paying spot prices, lowest margins, high debt and very little hodl mmmmmmm i wonder! lol

ARBK. 52 week low $3.71
Argo Blockchain Plc

$4.56

$0.17 (3.59%)

BITF 52 week low $1.04
Bitfarms Ltd.

$1.45

$0.05 (3.57%)

CLSK 52 week low $2.75
Cleanspark Inc

$4.90

$0.09 (1.87%)

CORZ 52 week low $1.40
Core Scientific Inc

$2.34

$0.08 (3.54%)

HIVE 52 week low $2.81
HIVE Blockchain Technologies Ltd

$5.24

$0.13 (2.54%)

HUT 52 week low $1.27
Hut 8 Mining Corp

$2.48

$0.13 (5.53%)

MARA 52 week low $5.20
Marathon Digital Holdings Inc

$14.69

$0.53 (3.74%)

RIOT 52 week low $4.02
Riot Blockchain Inc

$8.62

$0.36 (4.36%)

AB Show me which miner has performed worse than argo this year ?

If btc runs, all the other miners run harder and faster, then it finally catches up to Argo.

Hut and mara would be my choices as and when btc runs. Btc has been in this 24k 18k range since mid June, nothing seems to b able to sustain a btc push past 24k,I’d be bullish if btc was getting to 30k and seeing strong volume, yet, we are a long way away from that now.

Looks bullish for Argo x;)

riot coming out of curtailment will be interesting what they start to mine, lots of immersion as well. But yeh hut is a screaming buy, hopefully after the next btc plunge.

No of course not seamen stnz I wouldn’t buy long Argo with your money, I’ve really under estimated the strength of my latest short here, It’s gonna be scary how much this all yields in the end x;)

1 eh yields less than 100 btc in Argo world, that’s getting rewarded x;) this is getting fooked, proper fooked.

GLA

P.S Argobull I can’t believe Argo moved to Texas to mine less and pay more. Funny.

So essentially with the z cash even tho insignificant it actually means less than 100 btc mined per 1 eh at current metrics.

ERCOT hold a lot of cards now.

Cheers guys.

Argo mine zcash gives them about 500k usd per month ? So about 25 btc equivalent, so Argo mined 210 with 2.2eh,.or am I wrong ?

Not to forget the investment in the swimming pool that was hugely beneficial to Argo…..

Months and months and still not -completed, sound familiar, allegedly they can only fill the pool up 2/3rds x;) they’ve got a ppa for it tho, phew x;)