Member Info for CLSKBull

Will see what happens post etf, but as it stands I've got concerns about BTC lagging. I think it will still go up but how high I'm not sure and I'm still expecting to be out before the halving.

NASDAQ has hit ath, s&p very close to ath, gold think it is ath, bitcoin what are you doing?

Interesting - where do you get these figures from? They mined 12 blocks yesterday, but more importantly they are being more consistent, where before they were feast and famine. Good timing with the rewards up, and the market turning.

Looks like Santa might deliver. Starting to break away from Riot, and yesterday's price action was a steady climb, the money is coming in.

Guess we'll see in 6 months as to whether I'm right or way off.

Yes they seem to have a bit more consistency going on now and are if they are able to keep it up, especially with the high fees they could get 1600 this month possibly even 1800 or above (thanks to ordinals). This is good for the other miners as it would help bring the sector back into favour/profit.

Combined with the general markets wanting more risk on, and the ETF we should hopefully see some stronger valuations in the early new year (plus a short squeeze for Mara as you say).

That all said, I'm looking for BTC to peak before the halving (ATH or not I don't know), and a general market crash (including bitcoin/crypto being hit hard) when rates start dropping. Currently fedwatch is saying 62% chance of first rate cut in March. So it's a small window of opportunity for how I see things playing out. If things go the way I currently think they will, then most miners will go bust by the end of 2024. I could be wrong and often am, but that's how I'm currently seeing things.

Mara is mining very well this month, and I think it's starting to creep away from riot mcap wise. When the monthly reports come out they will highlight the difference and mara should expand the gap.

I think clsk is being seen as number 2 miner now and will continue to catch up on riot, but I think it's somewhere around fair value now.

Migi should report monthly update next week hopefully with confirmation on the NASDAQ ,$1 requirement met. Let's hope the market recognises and moves it up to fair value.

Etf potentially coming very soon. Will it send it to the moon or will it be a non event, who knows.

General markets thinking hard about ath, fed has paused.

The next couple of months are very important.

All is forgiven JP. Hopefully we now run.

HC I'm pretty sure their machines are older gen and not great on the efficiency front.

Assuming it's these ones that are 40 J/T (a bit rubbish):

https://forkast.news/mawson-more-rigs-canaan-australia-and-u-s/

However as we know that's one part of the equation, the other part is electricity price and I think they are better on that side of things.

It's not a miner I want to hold long term - more looking for a revaluation and then out again - same as WULF and DGHI did a while back.

They've done 3 or 4 days above $1 so depending on what markets do there's a good chance they regain NASDAQ compliance.

Canaan - no not for me. Their machines are not efficient vs Bitmain so unless they come up with a more efficient machine I don't think they'll be competitive.

Migi is the next to outperform PI in my opinion. Take a look into it. Expecting it to at least double from here near term.

I think CLSK will win out over Mara longer term - but I'm expecting to be out of miners by March all being well.

The last report wasn't brilliant, and the electricity price is higher than I would like. But the rest is economies of scale - once they get the next batch online in Feb it will all look better - and with cheap machines to depreciate and legacy machines fully depreciated it will all look a lot better for Q1. Share count will not be higher than Mara - they are issuing fast and free without a care in the world I don't think anyone could keep up.

If it holds at these fee levels it changes the miner halving narrative.

Argo should have just hosted with Riot at those prices.

The best miner in the world will be Bitmain. They'll always be ahead on efficiency, then can sell their "factory tested" stock on when they make the next efficiency gain. Mara needs Riot to make them look good. Now can they stop diluting for a moment, learn how to mine and burn these shorts so I can get back to a real miner - CLSK.

Miner fees generally back below 1 again:

https://explorer.btc.com/btc/blocks

Combined with their expansion plans their share price should lag.

I've moved some CLSK into Mara after the re-rate - can you tell Fred that 23EH should do 7 blocks a day and that 90% uptime is rubbish?

Either Mara has to go up or Riot has to go down. Hoping to get a 10% swing against CLSK on the trade - might go the other way.

Daily chart of what is on the downtrend?

There's multiple other ETF's to be approved at the same time, as well as sovereign funds considering buying in - combined with normal bull run buying. Supply is ever decreasing. Game theory suggests fireworks in my view.

Pluto is no more - it is Emergent Entertainment. Argo has a 19.94% share in it according to annual results - seems to be saying Argo's stake is worth 2.3mil

page 91-93:

https://assets-global.website-files.com/6192808c25837d3716982433/64527aaa6aa1e7ba341a00f5_Argo-Blockchain-plc-Annual-Accounts-2022.pdf

I think in essence you are correct. Argo is not in a good position, so whoever took the role would know that it might result in a failure on their record, which would limit the candidate pool.

The bonus shares vest over 3 years and are subject to "performance conditions" although I'm not sure what these conditions are.

He'll be getting a salary as well - and the RNS says he'll get further PSU's on the first and second anniversary.

As I think BTC will continue to run with the ETF likely coming - I think Argo will get a chance to survive (via dilution), and I think Mr Chippas will be a very happy man indeed.

No, it means revenue halves. However if bitcoin price doubles then this negates it.

However block fees are now coming more into the mix, so halving is having less of an impact than previous halvings.

More important to bitcoin price is the upcoming etf.