RE: All in mined costs26 Jul 2022 09:31
Last thing Argo should be doing right now is buying more rigs, they need to get the efficiencies up on the current machines they have and then the s19's that are due, time to lean out from intel as that makes no sense under these current conditions unless they can secure a lucrative joint venture.
Id say this money will be crucial for operating cash flow, imho i can see btc going much lower and that 40 million could be swallowed up quite quickly especiallly if they keep adding to the costs with additional eh.
Also these 14,000 bits of junk doing 0.6 eh needs to be scrapped, surely.