Member Info for CLSKBull

Items are on here:

https://assets.website-files.com/6192808c25837d3716982433/647f70fc29fa46c51dda19af_2023%20AGM%20Circular%20(Final).pdf

A mix is probably the best way of doing it as often one goes on a run and doubles for seemingly no reason. If you have a mix you capture these moves. Of course you can capture the falls also, but overall a less riskier approach and you probably get the same return to be fair.

It's all about %'s. CLSK doesn't have to beat Mara, they just need to improve their market cap ratio against them from point A to point B. If that happens it was a better investment.

Agreed - Mara the most responsive to BTC price changes so it is best for trading. Others more erratic.

Wulf and Hut both looking like they want to push onwards when BTC moves.

We're in miners instead of BTC for the potential of outsized returns over BTC.

I think CLSK will ultimately offer greater % return over MARA in a bull run - however could be completely wrong.

The most likely outcome is that it will be another smaller miner that will outrun them all % wise - and run like Argo did last time.

Who that will be I don't know but will keep my eyes open.

It is a minefield though and pretty much all of them are dodgy to some degree. BTC is a much safer investment - but we're here to maximise returns while trying not to pick a dud.

Yes that's true. Cleanspark were talking about pricing things in bitcoin in a similar way for purchasing miners at different times in the cycle (spoiler: they still got them cheap).

Could definitely do that with shares but the miners tend not to care so much about how many shares they issue. Interested to see if any miner goes for a share buyback this cycle. Probably not but would be nice.

Yes that's true. Cleanspark were talking about pricing things in bitcoin in a similar way for purchasing miners at different times in the cycle (spoiler: they still got them cheap).

Could definitely do that with shares but the miners tend not to care so much about how many shares they issue. Interested to see if any miner goes for a share buyback this cycle. Probably not but would be nice.

HC, yes everyone values companies differently, and market values hodl at more than book value and I'll never understand it but can only observe it. Therefore mara really should raise and buy another 10k bitcoin fast before it goes up.

1 yes

2 no

3 yes

4 means nothing if paying too much per kWh

5 hodl is worth its cash value only. My hodl is worth what I can sell it for today, not some future value.

6 clearly not

7 I don't even know what that is - probably like pluto

8 all the miners will go up with bitcoin

9 yes

I'll look after monthlies.

Are they going to make 1000 this month?

"best performing miner this year is mara"

On what metric? They had a good month last month, but otherwise pretty average and a solid B. Better than they were last year though which isn't hard lol. It's mid year and their 23 is meant to be online. Still not. Machines must be rusty by now from sitting there all that time doing nothing.

It becomes more important when clsk actually has a hodl. It would be a strange thing to lie about.

No delay they have them. That's for the Washington expansion. Some extras will be used in last week's announcement.

I'll have a look for hodl wallet after the next monthly release. I don't know Mara's or riots, do you have them?

16 a day is right for their hash and difficulty.

Monday they turn on half of their most recent

Welcome aboard the bull train HC. My twitter feed is telling me that there might be a pull back to 27500/28500 range before continuation.

However who knows. Very interesting week in terms of some of the biggest institutions in the world wanting on board. Game theory in action.

I think they might be diluting - although don't quote me on that as I could be mixing them up with another miner.

Chaebol, $20,125,000 payment to bitmain for by 30 June. Around 5 mil shares on ATM for the month to meet that.

I assume they are drip feeding each day but clearly some days they are hitting it harder.

Average volume is nearly 2x what it was before the XP announcement. I've also noticed that I can buy in size easier now.

Where are you getting ATM usage stats from Chaebol? Price action on Friday suggested usage but I don't know where I can see this? Fairly large bitmain payment this month.

Some chart on bitcoin today since us open.

Mara seems to have now flipped Riot.

Cleanspark 50mw expansion should come online in the next 10 days all being well. They are outmining riot this month (curtailment will be a factor in that).

No idea, too short term for me I'm terrible at predicting weekly movements.

404x yes I read it that way as well. Item's 6 & 7 both related to separate share increases. Item 6 they are trying to hide the 66% dilution as "normal business". Yet again I feel they are trying to mislead and it's only fine print where you can find the truth.