Member Info for CLSKBull

All good bets. BTBT (Bit Digital) has an mcap near it's HODL+Cash value. Annual results out tonight - well undervalued. Should book a decent profit for the year. Whether market reacts though is anyone's guess.

Not evil, just not very good at the job.

Nothing ever immediate with Mara lol.

Feels some money coming back from MSTR into the miners the last couple of trading days.

Tentatively yes - will know over the next week I guess.

Shareholders are seen as an inconvenience I'm sure of it.

Haha - yeah I just get tired of hearing how great Mara are when they clearly aren't. How temporary are these operational problems as that's two months now? Is Fred actually the best person for the job as he completely misread the cycle? Was the applied digital purchase a good buy if they needed Mara to supply credit to keep running?

Don't worry, I'm done with tribalism - I'll invest in pretty much any miner I see upside in but I tend to shy away from some of the redder flags. Mara is undervalued but these things put me off. However I think they'll get a short squeeze at some point so a well timed trade would do well.

Growth, ETFs are the driver of this cycle, and ETFs are still taking net inflows, so all is good just now - if that changed I'd be more worried. It is important to remember that most the bitcoin is held outside of ETFs though - so if other players want to move the price around they can. The 100 before halving is looking less likely now, but hopefully by the end of the week we are in a better place than the start of the week.

Sounds a bit creepy, no thanks.

How many billions has Mara raised the last few years and what have they done with it? Is it worthy of any praise? Clearly not. Certainly would have been better off just spending the lot on bitcoin, they would have multiples of their hodl just now. Also Mara has some of the dumbest holders out there - the marapigs - hard to get on board with that.

They have roughly double the hash of CLSK, and 3 to 4x the hodl. They have more debt though. But overall they are undervalued vs Cleanspark and should be double the market cap. However their ATM will hold them back and ongoing hash problems causing major concern, especially while mining conditions are so great and just before the halving when they are effectively getting double revenue. One block mined on the 15th, and again the 16th. Two so far today. It's meant to be just one site down but think they are lying. Input costs far too high also. These are the reasons that Cleanspark has carried on forward while Mara has stood still.

However there are loads of other miners that are far undervalued vs CLSK/Mara - so that's my main focus. If clsk gets parity with Mara I might swap some over as they'll probably run to 30 at some point soon - who knows.

No not a fan. Zombie company propped up by dilution. But I will trade them if I see opportunity. The ATM and operational issues just now are off putting to investors.

Weird that Mara were covering credit for the 3rd party's site - although guess they were probably forced into it.

The Galaxy debt is down to 14 - maybe Argo closes off the debt with these machines to close the loan. The machines are no good to them after this as they are modified for immersion. Although they are stuck and can't tell this to the market if it is the case. Slim chance Galaxy allows them to continue hosting at less favourable rates.

Yeah saw that post. Mara has signaled to the market that asset light is not the way forward - and now have to buy up sites further wasting the ATM. They don't have expertise of running sites though. They would need to recruit a miner tech lead from one of the other companies I would think. Market has really turned on Mara and I think we see price parity of CLSK shares very soon. CLSK main issues are the very generous bonuses and the preference shares - but the miners all tend to do whatever they want anyway and really they need to think about shareholders a bit more.

Hedging the start of the bull run was unforgivable, converting the cheap debt was unforgivable, taking huge bonuses when operational issues have been ongoing, constant dilution for no real growth. They are a mess and need to sort out their hash issues fast. Is it the sites, is it an issue with the pool itself, who knows. Total waste of their privileged position.

CLSK have been clear with what they were going to do, and got on and did it successfully. I think Mara is due an uptick, but they need to sort their existing hash and need to conclude the ATM and do something useful with it. I personally think they are better to just buy some bitcoin with it.

Yes, I will freely admit being wrong if CLSK is lower than $16 and BTC is not above $74 the day after halving.

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.

Of course there will be retraces and dips along the way - not sure anyone said otherwise?

However yesterday was still a net inflow to the ETF's, so the demand is still strong.

Spitfire, all are allowed an opinion surely? Would be great to hear your bullish case for Argo if you could share?

The price of BTC has more than doubled in the last 6 months.

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.

I don't disagree, they killed sentiment with the last couple of raises and there's still been no update from the ceo. There's still better miners at a lower market cap.

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.