Member Info for CLSKBull

Don't really have any opinion on her either way.

Are you calling HC's dad a liar? Haven't you heard of the bitcoin miners strikes in the 1970's?

Here's some further reality - at 900 a day and 19,383,437 on issue, it means that Bitcoin has been running for 21,537 days - or 59 years. So it actually started in 1964. Learn something new every day....

Lol Richie thanks for the giggle. Get yourself over to the QBT board you'll fit right in.

No, quarterlies are overdue - but there's a chance they don't issue this, and just do the half year report. Essentially waiting for the next report to show where they are.

Yep, now just need this debt ceiling to get sorted and for a pause and we're all good to run. Keep in mind that CLSK still has dilution to complete the bitmain purchase so it might drag on price some days - but clearly undervalued vs Mara/Riot.

However looks like the US government are going to make hard work of things so likely some choppy waters ahead.

Mara is on track for 1100 to 1200 this month, while Riot is on track for just short of 700. CLSK on track for just over 600 with new hash coming online mid next month.

Assuming Mara holds current production uplift, you would expect Mara to start moving ahead of Riot, and a very good chance of CLSK outmining Riot in the coming months.

Self has failed to impress. So a new CEO would likely help the share price. However it would then come down to what they did/planned. More of the same will see more of the same share price action.

The consolidation is because they were going to lose their NASDAQ listing by 30th May if they didn't get over $1 for 10 days. Perhaps this contributed to the short interest, or perhaps the websites have the wrong short interest figures due to the share consolidation. It's higher risk than other miners, but higher reward if it runs.

Don't worry I've got my fair share of Mara just now. CLSK tends to go up and down smaller %'s than Mara - so on the next BTC leg up, I'm hoping Mara will over perform by a good % and I can move it back into CLSK for a higher holding - then repeat on each BTC dip.

One of the miners I'm now watching is Stronghold. They've just done a 10-1 share consolidation so the price action has been very negative the last few days. However on the surface to me it looks very cheap and one that might potentially do quite well.

I haven't looked deeply though. Would be good if people could take a look and share their thoughts and whether they see any red flags.

ir.strongholddigitalmining.com/news-events/news-releases

Credit where credit is due - they have done well this month to date vs previous months. I have bought some and look for them to move up well with BTC, especially when they release their monthly mining figures.

I don't think there's an easy way to value them - especially as it's common enough to go up or down 20% in a day.

I roughly rank them into 3 tiers - 1bil+ mcap (tier 1), 200mil+ mcap (tier 2), and below (tier 3). Tier 1 shows what is possible. Tier 2 & 3 I'm looking for miners that are moving up the ranks. Then I'm looking at EH, costs, growth plans, debts, share volumes, price action, etc. Basically looking for miners that look undervalued vs their peers. Sometimes they stay undervalued for longer than expected - so try and have a few that I am watching and when they look like they are finally starting to move I go in on them and hold them until they are at a fairer value vs peers. However there's a timing element there and that's difficult to master.

The price held after their sale, but if I remember correctly the dilution a couple of weeks later properly killed any momentum. Obviously pw and the directors knew the dilution was coming so it's kind of insider trading...

Peter sold a bunch at 30p, then more again 2 months later at 2.40 or so. The second sale was followed shortly after by a dilution if I remember correctly. Other directors also sold on the second occasion before the dilution £2 a share from memory. If my memory is right on these that's pretty dodgy and would be a red flag to me now. However the first sale was a false sell signal.

Still feel stupid for believing in him. Honestly thought he was the real deal - honest and trustworthy. I was also too green to this investing caper. Hard lessons.

Well there were a number of mistakes that all added up, however any debt would have easily been serviced if mining at capacity in 2 cent electricity. Bitcoin backed loan would have caused an issue but think they could have still got through it.

Helios was sold to investors as sub 2 cent electricity, immersion mining.

If this had happened we wouldn't be in this mess.

404, thanks for sharing, this sentence was a bit closer to the truth:

"His expertise in the Bitcoin mining sector, combined with his talent for storytelling, will be invaluable to our mission,"

"if they drain their finances again before said bull run they are more or less finished. Do you agree on that point?"

Yes if they run out of funds before the next bull run, then they effectively have to hand their miners over to galaxy as they have defaulted and the loan was secured on the miners. No lender would lend to them (also they still have senior notes to pay and lots of staff). A dilution wouldn't work at these prices. Even the NASDAQ listing would be an issue if it goes under $1. If they are able to hold onto their hash and maintain the cash balance without draining too fast then they have an opportunity in the next bull run to get out of the situation they are in - which they may or may not successfully execute. They've alienated former investors though so it would need to be new money. The risk/reward isn't there in my eyes. There are other NASDAQ listed miners with lower market cap and more likelihood of success.

Yes need quarterlies - I think they said they would provide but who knows. I tentatively think the initial stages of the next bull have started, although impossible to confirm that just now.

I still think they'll get an opportunity to right the ship in the next bull run. But that's not really an investment case when there are many other miners available to choose from.