Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
RGO have a 22.5% stake in PIRI at 2.43p avg cost and they've also recently invested in the Pluto Digital Assets Pre-IPO funding round which makes sense as Nicholas Lee is director of both RGO and PIRI.
Watch the below interview to understand more about Pluto Digital Assets. The founder - Atif Yakub is having a discussion with CEO of Argo Blockchain - Peter Wall. Argo Blockchain also have a 25% stake in Pluto.
https://youtu.be/OUL1jsTi6Hs
Pluto Digital Assets is expected to have an IPO sometime this year around summer time.
Interesting that RGO have a 22.5% stake in PIRI at 2.43p avg cost and they've also recently invested in the Pluto Digital Assets Pre-IPO funding round which makes sense as Nicholas Lee is director of both RGO and PIRI.
Hi teofore,
Please take a look through some of the below articles to understand the future direction for Bitcoin for both institutions and private use of Bitcoin...
PayPal’s Crypto Products Coming to the UK in Months
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https://www.coindesk.com/paypals-crypto-products-coming-to-the-uk-in-months
Mode Global Holdings launches Android app while Bitcoin trading volumes soar 130%
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https://www.**********.co.uk/articles/mode-global-holdings-launches-android-app-while-bitcoin-trading-volumes-soar-130--979bea0/
Bitcoin hits a record high of nearly $50,000 as major firms flock to crypto
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https://www.cnbc.com/2021/02/15/bitcoin-btc-price-hits-a-record-high-of-nearly-50000.html
Apple Pay users can now spend in Bitcoin, other cryptocurrencies
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https://www.livemint.com/technology/tech-news/apple-pay-allows-users-to-spend-in-bitcoin-other-cryptocurrencies-11613385171200.html
Investment into Pluto Digital Assets
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This was a very smart investment from the Argo team. Argo own 25% of the company and have ensured that their stake of 25% can be maintained by negotiating anti-dilution protection. The only other similar company to Pluto Digital Assets listed on LSE is KR1 (also listed on OTC - KREOF) and you only need to look at the recent rise in SP to understand how big Pluto is going to be.
"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."
https://www.investegate.co.uk/argo-blockchain-plc/rns/investment-in-digital-asset-company/202102040700039384N/
For new and potential investors into Argo Blockchain - it's worth watching the recent Q+A sessions to understand more about Argo and it's management strategy and future direction. They are not just a Bitcoin mining company - they are a blockchain technology company who are diversifying into proof of stake with their investment into Pluto Digital Assets which they own 25% and will IPO this year on LSE.
Argo Blockchain - Feb 11-13 Q&A Sessions with CEO Peter Wall
Session 1 - https://youtu.be/z0nMNIGtZMI
Session 2 - https://youtu.be/t1RSp6yIuPI
Session 3 -https://youtu.be/BerqikTbCek
YOP should be breaking $2 soon and Piri still have 2,000,000 tokens...
Working for me. Can you access the below link?
https://coinmarketcap.com/currencies/yop
https://yopfi.medium.com/yop-yield-optimization-pad-ido-market-place-2bfc1819addd
According to this hashing calculator website - the total ZCash mined would be around 3818 each month based on their mining capacity 280MS which equates to $480K per month minus operating cost
https://www.cryptocompare.com/mining/calculator/zec?HashingPower=280&HashingUnit=MH%2Fs&PowerConsumption=1000&CostPerkWh=0.12&MiningPoolFee=1
From Argo's website...
280MS Equihash Rate
Equihash is the algorithm used to mine ZCash, a popular alt-coin. 280ms is approx 5% of total worldwide ZEC hash power.
https://argoblockchain.com/
Take a look at this article for their ZCash mining capacity
https://www.coindesk.com/argo-buys-500k-worth-zcash-miners-bitcoin-revenue-shrivels
A lot of investors focus only on BTC price and forget that we mine a significant amount of ZCash. With the ZCash price currently being quite high and BTC taking a breather is quite good for Argo as it means that the company converts the ZCash into BTC and can get more BTC for their ZCash. When BTC goes back up later after the dip - this means added value for Argo.
https://www.otcmarkets.com/stock/KROEF/overview
https://markets.ft.com/data/equities/tearsheet/summary?s=KROEF:PKC
https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network
"Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains that these digital assets are becoming a more important part of the payments world.
We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during Bitcoin's recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending.
To be clear, this data is not of any individuals — it's anonymized and in aggregate — but the trend is unmistakable..."
Very smart move by management to realise what Peter had intended when he was appointed as CEO...
Peter Wall commented: "I am excited and honoured to be appointed chief executive and look forward to working closely with the team to deliver long-term growth and to achieve our aim of becoming the world's biggest publicly listed cryptominer."