The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Unfortunately/fortunately, I think Argo is about to get bought out by a competitor. Hopefully Riot. The company had a good run, where it goes from here I do not know- I will hold (might as well). It’s contract with Intel, brand new Helios mining facility and fleet of miners, will look very attractive to many at the current market cap.
Argo’s cost per bitcoin is sub 10k
Peter Wall has said consistently that Argo has been preparing for a crypto winter. That’s why we’ve bought Helios for cheap power and new miners for efficiency. Quarters and years remember. This bitcoin trend has the potential to wipe the floor with many of Argo’s peers. Our production costs are now luckily disgustingly cheap, which will attract new investment opportunities to people in the sector. I hope there’s more red in btc to come just so we look more attractive to the market when others are forced to switch off machines. Margins are good, difficulty is decreasing, and our hashrate is still increasing. FUNDAMENTALS!!!
I still think the typical “bitcoin pattern” has been broken now. Even if we get another halving, Argo will still be profitable. Argo is a strong buy for any bitcoin bull now, the main put off for investors in the mining sector was the scare of dilution. Now that has been confirmed will not occur, with a bit of publicity this should start rocketing again.
Yes, you’ve just contradicted yourself. +10% and Helios is not even operational YET. Seems to me like you might be turning bullish lol.
+10%
America will love this after last nights results and forecasts.
https://twitter.com/kevinolearytv/status/1502290632508944386?s=21
Just bought some, spread must be insane. Instantly 14% down.
New monthly RNS posted!
Any way to spread FUD you somehow manage to do so the_Chuz. This interview is so clearly a W for Argo and I believe that genuine shareholders should be excited for the next chapter.
He’s also a big advocate for Wonderfi (which Argo is invested in). Maybe some relationship sparked from this?
https://www.instagram.com/tv/CZmte-6jFht/?utm_medium=copy_link
100% sounds like he’s invested in Argo Blockchain right? He’s mentioned in a few interviews regarding Texas mining and now is saying he’s invested in a miner that’s mining in Quebec also. If this ain’t a green flag, I don’t know what is.
Can someone please remind me what Argo’s average price to mine 1 bitcoin is again??
https://youtu.be/Dxg4cfasV-8
1:01:45
I’m sure Kevin here is speaking directly about Argo Blockchain in the following passage. He predicts major capital is projected to move to mining companies within the year of 2022/23.
Any ideas when the next RNS is due??
Can’t see a buyout, but there could be a possibility of Argo renting out some of the space for some of Riot’s miners (obviously split % profit for Argo too)
I don’t know how anyone else feels about the 10-1 ADR ratio, but honestly I feel as though it’s off putting to many of the potential US investors. (Many don’t take into account the Market Cap, or the possible fact they don’t know 1 ADR=10 shares).
To put things in perspective at the current US market cap of $650 million @ArgoBlockchain has 20% of its market cap in bitcoin and adds 1.5% to it each month. So even without any growth, this is an incredibly undervalued company.
Yes, but not everyone is profitable at $40k. You have to factor in miner efficiency, power cost, cooling etc.