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I You learn with this share that you cannot ignore what the sp is telling us. We know its leaky, is there a large sell order being worked? Seems like it. Prepare for the worse and hope for the best, buying opportunity is what the optimistic side of me is saying.
It's difficult to predict, i would hope for 30p and more success to push it up further 40-50p.
I look at Pantheon Resources (PANR), similar number of shares and resource find in Alaska, it hit 100p before retrace to 30-40p at present.
All down to TD results now...
We need update on when component is to arrive on site otherwise people will think delay. I think shareholders deserve that if a further delay is likely next week. As I suggested Noble will be drilling before us now and only 500m.
I think update should be forthcoming to state that component sourced and expected delivery to site, otherwise weakness will continue, which presents opportunity for some :-)
Might be hearing from Noble first at this rate. Frustrating indeed but waited long enough, every day a step closer I tell myself.
New money coming into Bitcoin?
https://medium.com/@bravenewwhorled/2024-us-debt-clock-usd-bitcoin-ratios-833957328304
Watch the money supply, the US will want to weaken the dollar, the $33 trillion is a debt that is causing angst amongst economists, with many suggesting the printing presses will be restarted.
CleanSpark Acquires 4.4 EH/s of New Antminer S21 Bitcoin Miners; Expects to Achieve Hashrate of over 20 EH/s
Nice....
LAS VEGAS, Oct. 11, 2023 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has purchased 4.4 exahashes per second (EH/s) of the recently announced Antminer S21 bitcoin mining machines. The acquisition continues CleanSpark's track record as one of the largest, most efficient publicly traded bitcoin miners in North America.
With an efficiency rating of 17.5 joules per terahash (J/TH), the S21 is nearly 20% more efficient than the XP, which had previously been the most efficient bitcoin miner available in the market.
"Integrating the S21 into our mining operations is in line with our commitment to using the most efficient mining technology," said Zach Bradford, CEO. "The efficiency of the S21 should not only increase our capacity but should also drive down energy costs per bitcoin mined, enhancing our competitive edge within the global mining landscape. Importantly, our scale has positioned us with strong bitcoin production at solid margins, and as a result we expect to fund the majority of the purchase through operating cashflows."