Member Info for CLSKBull

My opinion is that bitcoin will peak this year and be headed downwards by the halving.

Rationale: indexes near ath and looking for a bull run/risk on. Central banks have made life difficult for most and will likely cause default cascade. Bull them bust is my opinion, don't see how the economy can last till the halving.

I'm sure they have it covered. Coming soon to an rns near you. Theoretically 280.6 times faster in their test lab. Dilution to find further r&d

Intel should have been better, doesn't speak well for them.

Ambient temperature superconductor breakthrough news showing on Twitter. Utopian or distopian future coming our way soon. These miners will all be in museums soon!

They were increasing authorised shares late July (can't remember when). If this has happened maybe they are diluting to fund machine purchase.

Interesting to see the first 4nm miners, performance pretty much the same as xp as you say. Can't see any pricing detail but good to have another competitor for bitmain.

Thanks ds, hadn't seen that. Got a small number of these but agree that it doesn't look solid for shareholders.

"may involve a placing to raise funds to buy the required infrastructure which he does not want to do at this stage."

I thought they recently did a placing - should be more than enough funds to prove this out in a live environment. What happened to the burger van - that must have some miners in it still?

People would invest for sure if they thought any of this to be true - miners would be biting their arms off - but clearly they've been unable to convince anyone. Make it live, show the revenue uplift.

Suthy "The final stage now is the actual BTC level of difficulty" - but that's still not on the BTC network. What good is theoretical this and that? I could start up my own BTC clone and mine all the coins but it would be kind of pointless.

If they could mine at 2.6 times the current rate they'd be making a mint. Why bother with partners - you would have a massive competitive advantage and could take the whole industry.

Sorry Suthy that hasn't answered my question.

"Suthy, can you explain why qbt hasn't tested this on the live BTC network?"

Suthy, can you explain why qbt hasn't tested this on the live BTC network?

I just sold some, so there'll now be an upward movement. Together the trades will cause mara to be stuck on current price forever.

Also their hosting agreement is over 25% through now - by the next halving the clock will really be ticking and they currently have nowhere to move them to.

That all said, fundamentals won't matter during the eurphoric stage of a bull run so price could do anything.

Yeah agree with that. Seems the investment case here is bull run mania rather than anything on the fundamental business side.

"Old crap rigs will not work post-halving."

Also by halving they'll only have 6 months(ish) left of Helios hosting remaining - I'm not expecting Galaxy to renew the agreement after it expires so that's another problem on the list. So they do need this other growth plan.

In the Q1 it has $12,499 Loans and borrowings in the Current Liabilities section - as well as $14 mil of cash. Seems there may have been an upcoming deadline payment to be made so maybe this was the reason for the sub-optimal raise.

HC, in a bull run I would think Argo would be a late runner - the other miners would run first and Argo would run second - so I'd be looking at that sort of timing - although risk/reward would need to be there. Too much risk and not enough reward just now.

It's not really an option, as they'd have next to no revenue then, and still a ton of senior notes debt and the high wage bill.

From the Q1's, it's showing monthly operational costs of around $4.3mil.

Compared with "Mining revenue in June amounted to $3.84 million".

I've not gone deeper than that - there are more items in the quarterly that either make it better/worse - but the fundamentals aren't there for me.

My belief is that a bull run is coming soon, and they'll have an opportunity to save themselves there. The only USP I see with them is the fact that they are the only UK listed miner - it looks like they are also trying to push for stranded energy opportunities (a growth narrative).

In my opinion they need to announce a new ceo also as the current one is not up to par. I think there's a successful trade to be had but as usual it comes down to timing. I'm not putting any money here just now, but wish all holders the best of luck.

Direct Costs 1.9

Operating costs and expenses 1.3

Finance 1.1

https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/xp8749r

https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/rd1pkpr

Haha Chopsing the same thing happens to all of us. For me it's normally 15 mins after the trade that I'm regretting it! Funny how we get tempted by the highs - fomo is a strong emotion.

Will done guys great news, let's hope you make a bit more!!

Can't make sense of riot either. Clsk will carry on outmining them for the rest of the year by the looks of things. Makes them seem cheap in that respect. I've no idea which way the market will turn next but enjoying it anyway.

When you say explode what do you mean exactly?