Member Info for CLSKBull

No I haven't Redinjun, but I'm glad that you have and that you therefore take it seriously.

What do you see as the way forward for Argo? The RNS's seem quite tentative (ie. "explore diversification"), as if they aren't sure if HPC is the right route.

We know Helios hosting is ending on 28th and most the hash goes offline, and looking around for a replacement host the kwh numbers don't add up to make it viable for these (modified for immersion) older gen machines.

What are they doing about the Senior Notes?

I don't see how they can attract new investment at this point unless they come up with a very clever plan somehow.

Yeah I remembered you mentioning it - seems an active community and a good amount of news flow - feels right. Plus I like feeling like a whale buying 1mil clips of shares, feels good.

Looks like it's on a run and this is just a pullback before resuming. Hopefully over the next couple of weeks it will get closer to 3p.

A couple of buys from me at 1.54 showing as sells - presumably the spread was 1.50 to 1.60 and this was below the mid point. Got another 1mil one that should come through shortly - should be blue as it was at a slightly higher price. Seems worth a punt.

Better being long on something you believe in than short on this. Better risk/reward and you'll sleep better.

Somehow they've managed to drag it out two years, and raised millions to pay off the debt to Galaxy's benefit, only for Galaxy to repay the favour by booting them out. That's business.

Don't think anyone is shorting it Redinjun. Writing is on the wall as per company RNS releases and periodic results - available to anyone willing to read them. Have you read them?

The state pension thing on the news. You said you'd retired but now you're back at work. Are you still holding Argo or have you moved on?

Pikey were you involved in the WASPI thing and had to come back to work?

If this goes to 20 (which is unlikely, but certainly possible), then we'll be in a strong bull market. So I hope it gets there as it will mean other shares will be running very hard. Let's hope.

If they can find someone stupid enough to lend then they should definitely do that.

29th Dec? Otherwise monthly update early Jan.

HC my guess would be around $300 a machine unmodified. So perhaps they get $5mil for them less shipping/brokerage.

Google gives no such info. Without a link I'll assume you're making it up (well I already know you're making it up but will give you a chance anyway).

Sounds made up pikey, where's the link to support this 3 cent hosting claim?

Did a quick google, and EZ Mining does immersion hosting at 9cents per kwh.

However looking at a mining calculator, this would not be viable as the income would be lower than costs for these machines at that rate (ie. running at a loss).

Inputs for an Argo S19J Pro: 100TH, 3050 W, 9 cents.

https://minerstat.com/coin/BTC

The company guided:

"These funds will help drive the potential relocation or sale of mining equipment currently at the Helios facility in Texas, while allowing the company to maintain its Bitcoin ("BTC") mining operations in Quebec."

So they'll either try and relocate them, or sell them.

Economics of hosting these immersion modified machines means the former seems less likely.

On the 28th their Helios machines will be switched off and they'll be down to a about 0.4EH or so. Yet the share price goes up with bitcoin, gotta love the markets.

You ok Branston?

Well clearly none of those things will happen but we can all have dreams.

"So in that Video they said they can move all miners to Qubec site. Many options"

Hopefully the video didn't say that as it would not be true. 2EH of S19J Pro's would take 61MW + cooling, so closer to 70MW, and the Quebec site is only 15MW and already fully used with ePic machines.