Member Info for CLSKBull

Yes definitely additional, they will raise 800 from now.

17.5 j/t means for another 30 eh they would need an extra 525 mw +10% or so for cooling - would expect around 250 mil for this, and 480 for the 30eh of machines, so the 800 raise makes sense.

This is what they will be executing, and presumably some facility purchase to be announced. The good news is they'll be the most efficient machines in the market, so the electricity requirement will be as efficient as possible.

https://investors.cleanspark.com/news/news-details/2024/CleanSpark-Announces-Strategic-Agreement-for-up-to-160000-Bitmain-S21-Miners-Path-to-50-EHs/default.aspx

Chuz it's an additional 800mil. Presumably they've done the 500 already.

This will be for further expansion. At 16 per th, 10eh costs 160 mil, and presumably they will aim to get to 50eh that they have the option for.

It is not a great look that they sold shares before announcing this though. Ultimately should come good, but will lag for the coming weeks is my guess. I got mostly out a couple of days ago but more luck than judgement.

If you look at mara price action since their 1.5 bil ATM announcement, or the various other miners that are doing an ATM just now, you can see what's coming. Basically a month of trading sideways and slowly lower. It is an unfortunate part of this sector. Will need to compile a list of which miners are running an ATM just now

Dags there is:

https://www.sec.gov/Archives/edgar/data/827876/000119312524080846/d760517d8k.htm

Yeah I think the short report is not the reason for the drop. I think it just retraced. The report just says they think the premium is high, which it is, but everyone knows that so not exactly news. End of month/quarter and long weekend also likely suspects.

I have some Hive but as with all the Canadian miners they don't seem to move upwards much so I regret that one a bit. It's bound to move at some point.

Delever was not a typo - they just meant reducing debt.

Yeah agree completely. CLSK have done very well but they are far from perfect. My main issue with them is the excessive bonuses - basically a 15% tax on shareholders, and the preference shares - which mean they can vote anything through - although for the latter it seems all miners do that anyway regardless of shareholder wishes.

There's a large valuation gap on CLSK vs some of their peers - so it's a good time for rotation for me. I'm pretty heavy in WULF and think that is due a run to above 1bil.

Yeah it wasn't a great look from Zach - and Matt's comment on mustard gas was not thought through. It is expensive and can be unsafe would have been enough.

Reminded me a tiny bit of PW when Argo was at 1bil - got caught up in the hype and went to his head.

Yesterday I closed some CLSK and rotated as it felt like they'd had a good run and others were due a catch up. I may have even bought some stupid Mara lol.

Did you see this video - Zach in particular taking aim:

https://twitter.com/rex_finance/status/1773034561556869145?s=46&t=FaZfq3g15rd24j9QfgSutw

I don't think they can pay the noteholders off, but they could do a deal where they offered them options/warrants/etc on terms that made sense to both parties. Eg. options at price X would give the company some cash out of the deal. Noteholders are at risk of getting nothing so it's in their interest.

However the bigger issue is what happens at end of the hosting agreement at Helios.

Ok thanks where did you see that?

Yes note holders deal needed.

Was thinking they need to be careful with the next dilution as it could see them under the nasdaq $1 mark.

Anyone know who bought it?

Did you see this on Riot:

https://twitter.com/penny_ether/status/1769789511439962117

You're definitely right on the over-exaggerated moves. I'm tempted to sell my CLSK just now - but so many times I've sold good runs too early to watch them carry on running.

I think I've become marachaebol and you've become mara bull.

Mara is not on my don't touch list yet. I could see them running to 30 at some point, but when who knows

Immersion - check

Superfans that can see no wrong - check

Not just mara, not a fan of riot, hut or corz either. Sector is a mess, but should get a little more juice out of it the next few months.

honestly the parallels with argo are frightening.

dilute and spend - check

land near wind farm - check

off-piste hardware (epic) - firmware/tanks - check

own mining pool that's not quite right - check

****coin involvement (pluto) - mara graphic on block and layer 2 - check

appearing on videos and talking the talk- check

failure to walk the walk - check

is pw got a new role as a management consultant over there.