Member Info for CLSKBull

MNS - yes definitely more to the picture as you say in terms of assets (esp hodl) and debts. I didn't even realise their HODL was that large. I can't buy them on HL but have some on IBKR. Once their ATM completes they are due a solid run.

Oops - 404 beat me to it.

Https://investor.galaxy.com/news/news-details/2024/Galaxy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx

Doesn't tell me a lot but interesting anyway.

If you look at the market caps in BTC terms and think - "How likely is it that this company will HODL this amount of bitcoin at some point in the next 10 years?" With the halving and input costs you can see a massive valuation gap between the sector leaders and the lower tiers.

Here are some miner mcaps expressed as BTC:

Mara 78757 (mined 833 last month)

Clsk 64787 (mined 648 last month)

Riot 44570 (mined 418 last month)

CIFR 22536 (mined 334 last month)

Wulf 11122 (mined 364 last month)

IREN 5375 (mined 310 last month)

SLNH 62 (mined 39 last month)

There are ongoing ATM's so likely some of the mcaps are even higher, but just shows the state of the sector and although I obviously want them to run, it's hard to argue the larger ones as undervalued.

Yeah I think that would be the best outcome for all involved - relocate to a better property elsewhere, sponsored by Mara - depends on whether the impacted residents would be ok with that or want to wage war as they were there first.

“I have headaches now, and the vertigo is worse,” neighbour Geraldine Lathers told DL News. “You can’t get relief. If I move wrong, I’m dizzy.”

Yeah makes you think. That site is weird - has some sort of pod design looking at the pictures.

This issue is going to get louder:

https://www.youtube.com/watch?v=0aWmPzgpv6k

HC - Gold miner getting in on bitcoin. You'd better have a word with management of that gold miner you were in:

https://www.globenewswire.com/news-release/2024/03/25/2851986/0/en/Nilam-Resources-Enters-Letters-of-Intent-to-Acquire-24-800-Bitcoin.html

Wow 404 - that's some article. Looks like a lawsuit in the works. They will likely need to switch to immersion on that site which is further money down the drain. Strange to have a mining facility next to a residential area - although I guess I've never thought of this aspect so perhaps there are other sites the same.

Definitely some dark clouds on the horizon for the publicly listed bitcoin miners. But bull run first. Planning on selling most of my holdings when (if) bitcoin goes over 100. I don't think we see the runs we saw last cycle but a 2x or 3x would be fine.

I think there are better buys to be had than Mara - such as Iren or Wulf.

No demo thanks it's probably infested with malware lol.

Talk of options expiry 28th holding it back. Might be true, might be nonsense. Hash still not online.

Share price performance is all that ultimately matters to investors. I don't want a company where the share price stays still while the mcap goes up.

Not sure if I move some out or hold on to the chosen winner.

I like Bitfarms, but that has put me off a bit. Would be helpful if we knew the reason. Did they push him out because share price wasn't performing - or for a different reason.

https://investor.bitfarms.com/news-events/press-releases/detail/233/bitfarms-announces-ceo-transition

1 Cleanspark share now worth more than one Mara share. Well done Cleanspark - unbelievable effort by the company.

What is the returns policy on this? Seems to be faulty according to:

https://mempool.space/mining/pool/marapool

10 cents off price parity.

Any thoughts on the Bitf CEO news?

I actually think some sort of stablecoin will be the payment system as it's easier for normal people to get their head around. And unfortunately that will probably be a central bank issued digital currency.

I don't think bitcoin should be seen as cash, it should be seen as digital real estate/store of value. That is what it has evolved to. Payments, etc can be done on l2's or one of the many other chains and I think that's a battle over the next several years to see which one wins.

Ds do you still think Craig is Satoshi?

It will. Appreciate that you might be heavily invested in it and I wish you no ill will. For what it's worth I think it will go up in the bull run - and suggest it might be a good idea to take some profits at that point - just on the off chance that what I'm saying is true. Good luck TH and have a great weekend.

TH - because it's very clearly a scam. If they could actually mine at 2.6 times faster then people would be biting their arm off or would be taking on joint ventures and that sort of thing. Instead the constant tease of coming soon.

There are many ways they could prove it to be true, without disclosing their intellectual property, but they have chosen not to. Instead they have chosen to continue raising cash and never taking any revenue.

If I thought for a second that it was true I would have invested in it. I just hope not too many more suckers get caught up in it. I feel their actions are criminal - as they are effectively taking money off punters.

404 - it's 2.6 times faster what aren't you getting? Clearly that was too fast as they've scrapped it and gone for Method C now, which might take a little longer to test. Can't wait to see what Method Z is in 2034.