RE: Not a rise I hoped so far2 Mar 2022 14:34
Problem is blubay we don’t know how much those machines are 6k 8k 10k ? None of us know, how can a fund analyse a company when they don’t know the pricing of its biggest ever purchase.
So let’s say 8k per miner, 160 million have paid a 1/3rd deposit have Argo got the cash to manage that ? Probably may have to sell some hodl even though he said that’s the last lever they want to pull.
So 100 mw is just about funded, possibly, then you need another 200 million ish for the second100 mw.
Pluto isn’t liquid who knows when it will be, so loans, hodl or raising,
If he raises at this price the company is finished, so it’s loans! And they must be pretty thin on the ground if bitf are agreeing to 14.5% p.a.