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Just to be clear, I meant bitcoin ATH before halving (ie. goes above 74 before halving) and not miner ATH (which is clearly not going to happen). 30%+ dumps will come for sure - and can happen at any time - and will most certainly happen after halving - but the exact day it happens I'm not even going to try to guess.
I did find Mara's news release title funny - think I heard something like that before somewhere:
"Marathon Digital Holdings Enters Definitive Agreement To Acquire 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm"
Yes I think we're at the bottom for the miners. Could be wrong but that's what I think. I also think we'll see new ATH before halving once this current dip clears.
I don't think I said "unlikely Bitcoin will dip again" - checked my post history and can't see it - unless you meant someone else.
Ok to be clear - there will always be dips with Bitcoin and any other investment for that matter.
I think people need to hear the message for a period of time and almost go through the stages of grief before getting to acceptance.
Now here's the thing with Argo, when the bull goes to mania stage you will get a surge from both nasdaq and lse, I suspect enough to get them out of trouble. But still not a great investment case as there are much better options.
Must be 9 mil per year based on the 28 figure. Presumably he's getting a wage also, not a bad deal at all.
If he made a deal with the note holders that would be a big step forward. They are trading sub 10 and realistically could be worth 0 if a deal can't be done. In both their interests.
HC he has 28mil shares coming his way if he can keep the company afloat (vesting over 3 years).
In my opinion he would be best to get in touch with the bigger senior note holders and do some sort of deal with them to reduce that side of the debt issue (ie. convert to shares + options). Although what to do about the hosting contract coming up I don't know. I think the bull run will give him a way out.
Well done on mstr - I didn't see it but won't jump in now that it has risen so much.
Another leg down for miners - always possible, but they are already in deep value territory.
Look at Bit Digital for example - they've got hodl worth around 110 mil (a good portion is ETH which they are staking at 4.4%), cash of 34 mil. Mined 124BTC in Feb and look like they are cash flow positive. Ventured into AI for additional revenue and will grow hash. No debt that I can see.
Mcap = 183mil.
I'm not convinced the miners can go much lower as the reality is that many of them are printing cash.
Where are you seeing these volume figures? I'm seeing no real change in volume:
https://www.nasdaq.com/market-activity/stocks/mara/historical
Yeah that would make sense.
They won't be the only ones doing M&A either - Cleanspark is as well, but miner economics have improved with this price run, so targets might not be as cheap as they were expecting.
Any good news from Mara would be welcome though for the sector.
The price of BTC has almost doubled since the halving "worries" started. However it looks like people still want to wait till post halving to move back in. Hoping it moves before then as it's just silly at the moment.
It's one of the weaknesses of hosted, you've not got control over these sort of issues. Additionally post halving you also lose out, unless the contract somehow changes for halving.
Self hosted = 2x electricity + 1x Staff/maintenance
Hosted = 2x per kwh all in costs
Self hosted is better/cheaper for halving.
Riot carrying on poorly also and Hut kicking own goals. The top 3 from last cycle none of them doing great which is not great optics.
Seriously they should forget bitcoin mining as they are useless at it - and just focus on the mstr playbook. They can have the mining business for show to pretend they are a miner to attract the premium.
Yeah frustrating, I remember at the time saying why was he being bearish. Lost 17 mil on this hedge, they could have bought a plot of land for that lol.
Now they have made the whole sector look unattractive. They had better announce something soon.
Mstr will run to 2000 it seems. Hopefully some profits come back to miners.
Yeah it's mental. Can gamble, can invest in these scam companies, but bitcoin is a no. Meanwhile all the capital goes off to the US. Can't stand this government (and don't expect labour to be any better).