Member Info for CLSKBull

It's always the way - often drops within minutes of buying - never gets less annoying!

There's definitely room for a new party to come in and clean up. Existing two are both useless and people are voting on who is the least worst option, but the reality is that there isn't a least worst option, they are both the worst option.

Well not obsolete but at a big disadvantage. I would have thought there'd be a closer competitor to bitmain by now but they still lead. I suspect they frontrun the market for a bit before releasing each step change. They are one outfit that will always do well it seems.

He loved to spend. Perry was the one that seemed to be the key to Argo's success but putting aside PW's lies, Helios never delivered. Over a year now and always underperforming. But they continue misleading with hashrate capacity. I wonder if they fried a bunch of machines.

Dodgy bunch of CEOs and board members indeed.

That's the frustrating thing, Argo should be in the mix just now with their sub 2 cent electricity and immersion overclocking. They had the opportunity and blew it, but the clues were there and you saw them, I took him at his word.

Mara doing great at mining the most just now but their costs are too high and their miners obsolete as of bitmains 2024 machines.

In April 2021, Mara were making significantly less revenue than they are today - and this will be true post halving also.

Although definitely agree the best days for mining were in the past. As it stands I intend to drop all mining investment in the next bull as the numbers and capital requirements just don't add up.

https://ir.mara.com/news-events/press-releases/detail/1238/marathon-digital-holdings-announces-bitcoin-production-and

I think the publicly listed miners now have a greater percentage of the network than they did in 2021. So if BTC and markets in general run like I'm looking for them to do (before a huge crash in 2024), then in this scenario the profits would look very attractive and allow solid multiples similar to 2021 but perhaps not quite as many x's.

The rest of this year has a lot to play out still.

I think the bears have another 1-3 weeks of fun and then narrative will change to fed pause and they all want back in again.

But ultimately no one knows so good luck with whatever you do.

In a euphoric bull run QBT (if it is still solvent) will likely go on a run and put out a well timed buzzword bingo press release, which makes all sort of vague potential breakthroughs and discoveries. Sadly a lot of ill-informed normal people will invest in this nonsense and lose money they can't afford to be losing.

I think a well timed trade there would make money, but I won't be touching it, it doesn't sit right.

That does make sense - always some sort of dodgy game going on.

I normally find I'm too early to enter and too early to exit.

I feel now is probably a good time to go in on BTC, but maybe it retests some lows first. I'm still short on S&P and think that has a bit more to go. I think this move has shocked the market, but I'm not sure there's the intense fear that makes people throw in the towel which is often the time to be buying. Who knows. What's everyone else doing?

A uk judge does not have jurisdiction over bitcoin whatever the judge decides. I personally think if Craig was satoshi it would be fairly easy for him to prove and not require a court case.

Https://medium.com/blockchain-biz/craig-wright-is-not-satoshi-nakamoto-40e50eb219f7

Bull before bust is what I'm betting on. S&p down to 4200 ish sorry term then rally to 6600 ish around the end of the year, followed by huge bust.

Nice action today also - positive when many others negative. It's been a long wait but finally moving in the right direction.

I'm sure the next raise will be heavier on this sort of narrative and they'll want to raise to cover the debt and fund the growth. Although really the need to hurry up and find a new CEO to sell it as the current one is not going to convince anyone to part with their money.

They've burned the current UK market so they'll be looking for new investors if and when a bull run comes is my assumption.

Looks like we've got 15 J/T (TBC) miners coming out next year.

https://www.antminertech.com/shop/antminer-s21-bitcoin-miner-210th-for-bitcoin-mining/

https://www.antminertech.com/shop/antminer-s21-pro-bitcoin-miner-250th-for-bitcoin-mining/

I mean they could partner with oil companies and do this. The idea is that drilling for oil produces a by product of natural gas/methane, which is very bad for global warming. You can capture this gas and burn it, and it's then less bad for the environment. If the oil is in a remote place it is economically unviable to build the infrastructure to pipe/transmit. So the idea would be you could generate electricity and mine bitcoin from this waste product, reducing greenhouse emmissions.

The oil company can then try and greenwash this as being good for the environment (whilst subsidising their costs), and the bitcoin mining can get cheap electricity. Although what scale makes it viable to both parties I don't know and it's certainly not free electricity. Can Argo's crack squad of work from home bitcoin mining experts can pull this off? Maybe they could first start with turning 2.5 EH capacity into 2.5 EH operational.

https://www.marketplace.org/2022/03/25/crypto-miners-use-natural-gas-stranded-in-wells-to-power-energy-hungry-rigs/

https://www.unep.org/news-and-stories/video/whats-deal-methane

Actually, looking at the websites they seem roughly right at the moment. They pretty much have the same MCap, with Riot very slightly ahead.

These websites are always out of date for some reason - there seems to be a big lag between issued shares going up vs these sites being updated.

Riot will have a higher market cap just now according to latest filings.

Riot has announced a new (or ammended) ATM, and presumably Mara will do a good bit of dilution to expand, whereas CLSK has completed the bulk of their dilution.

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Riot

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Riot announced an ATM of up to $750mil.

Number of Shares Outstanding Prior to this Offering: 182,250,554 (1)

Number of Shares Outstanding After this Offering: 226,084,569 (2)

https://www.sec.gov/Archives/edgar/data/1167419/000155837023014336/tmb-20230809x424b5.htm

(1) The number of shares outstanding prior to this offering is based on the number of shares of our common stock issued and outstanding at June 30, 2023, which excludes: (i) 4,254,307 shares of common stock reserved for future issuance

(2) Assumes sales of 43,834,015 shares of our common stock in the total aggregate amount of up to $750,000,000 at a price of $17.11 per share (the reported closing sales price of shares of our common stock on The Nasdaq Capital Market on August 4, 2023). The actual number of shares issued will vary depending on the actual price at which the shares are sold under this offering.

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Mara

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"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 174,266,313 shares of common stock are issued and outstanding as of August 4, 2023."

https://www.sec.gov/Archives/edgar/data/1507605/000149315223027174/form10-q.htm

Clsk on track to outmine riot by over 300 this month.