Member Info for Dadsbatty

They used the polka which I assume Pluto now have of which we now own 25% of the company, great business .

I’m pretty comfortable with the way things are going but I must admit being surprised at the sp after the news today.

I’m always suspicious when someone that high profile does this sort of thing tbh.pump one thing one week and another the next.

Investment in Digital Asset Company


Argo, the leading cryptocurrency miner based in the UK (LSE: ARB), is pleased to announce it has taken a 25% stake to become the lead investor in Pluto Digital Assets PLC. Pluto is a crypto venture capital and technology company that connects Web 3.0 decentralised technologies to the global economy. Pluto invests in, incubates and advises digital asset projects based on decentralised technologies (DeTech), decentralised finance (DeFi) and networks such as Ethereum and Polkadot. Pluto also supports the operation of proof-of-stake networks by staking and operating validator nodes. Argo's management believes that this investment into a proof-of-stake focused digital assets company complements its leading position in the Bitcoin and proof-of-work consensus mechanism.

This investment of approximately £1m at 3p per share, as part of an investment round of £2.5m, has been satisfied entirely by the contribution of the Company's holding of 75,000 Polkadot (DOT), which were originally purchased in Q1 2019 at a cost of US$75,000. Argo's DOT contribution was valued at $19.43 per DOT. As part of the terms of the investment, Argo has negotiated substantial anti-dilution protections including the option to retain its 25% stake through future funding rounds. This can be done, either through payment in new Argo shares or cash. The Company will also receive 1 warrant per share purchased, exercisable at 6p for two years.

Pluto shares the same ethos as Argo and seeks to democratise participation in cryptocurrency markets and the blockchain space. Pluto's senior leadership team has a wealth of experience in establishing successful cryptocurrency and blockchain ventures. Some of the most notable projects they have invested in include the YOP Platform and Protocol, a highly anticipated DeFi project launched on the leading IDO platform Polkastarter. YOP is backed by leading crypto VCs and supported by some of the most influential names in crypto, and has increased by over 1800% since listing in January 2021.

Peter Wall, CEO of Argo Blockchain commented: "Argo believes not just in Bitcoin, but in the entire cryptocurrency ecosystem. We have always been extremely bullish on how cryptocurrencies will transform the global financial system. Our early stage investment into Polkadot in 2019 was a perfect example of this belief and we are now excited to be using that same investment to buy a significant stake in Pluto, who are actively looking for projects with high yield potential."

Atif Yaqub, Director for Pluto Digital Assets commented: "We are delighted to have Argo as a cornerstone shareholder and strategic partner. Pluto's combination of traditional venture capital and crypto expertise uniquely positions us to identify and support the next generation of digital asset projects. Crypto and DeFi are experiencing exponential growth and institutional adoption and Pluto is ideally positioned to participate in this transf

I think what Gareth is having comes in little packets.

501 Bitcoin and Bitcoin equivalents, not all Bitcoin

Excellent rocket, Phoebus take note :-)

We should see interest here today,it doesn't take a genius to work out that I four weeks we will be mining many more brc than current numbers.
Pieces of the puzzle fitting together nicely.
Well done Argo.

Barmancy it’s only been two weeks, I’m sure they will earn their crust.

Until Nasdaq most yanks won’t know we exist but it will come and we should get fair value at last.

Bit fed up hearing about it on this bb now tbh

Chimers ? Bit aggressive for such a simple question.
Buti guess you know I’m correct,not that you’ll see this post but I don’t think being filtered by you willimpact my life too much.

If you’re not trying to promote other stocks chimera, why mention it at all? Just go about your business .

Unfortunately every rise here gets sold into and that will keep happening until btc pushes on which hopefully won’t be too long now. 80p seems to be the base though so looks good from here.

Not saying it won’t drop, just believe it will go back up higher eventually.

I see the bashers are starting to appear ready for Monday morning.
What they fail to understand is that many of us will wait even if it drops back to 25k ready for what we believe will be the next push to ath.

Tommythedog please read your first line again to lunq, I laughed out loud.
Hehe.

Scotty. We don’t know what price btc will be at Monday morning so impossible to say what effect the sharp rise and fall will have.
People need to look ahead weeks/ months not hours/ days.

USA just dipped In the red , so much for the yanks “getting it” lol
hoping for a strong weekend.

Lombard below reportable share holdings