We would love to hear your thoughts about our site and services, please take our survey here.
Lol
Still waiting for one single meaningful post from you :)"
Lol, I wouldn't hold your breath either
Probably poor old BreaconCarreg trying to get his average down under £2
Surely he could will only be making the tea & not any speeches
Very limited to who they could sell any other rigs to now.
Once fans have been removed & rigs immersed they are a fire hazard to use as air cooled in the future, only a few with immersion facilities would be interested in buying now and at a give away price.
Worrying times
Haha hi Pi
Was only a day trade for me in the 20s
Lovely lot of volatility for trading at last
Hope your making hay
Looking ahead, Argo will continue to prioritize sustainability, which is demonstrated by the Company's ongoing and planned initiatives in energy efficiency, reducing e-waste, use of waste heat in partnership with local municipalities"
The use of heat waste was...brenda from dickings County putting the kettle on the heat exchanger in her tea break, unfortunately .
The sustainability report should of read.. agro will not be running rigs as the ceo forgot to secure a ppa !
Surely pw has to go very soon
All the insults from them for the last 18 months at anyone trading here, has certainly bit them on the behind.
Maybe some will learn from the experience and be a bit more pleasant on other boards
Lol
Surely his great love affair with PW is now over.
Was surprised they had more rigs they hadn't loaned against to sell ...
Unless nydig have already agreed to this and things are already agreed
Yep, we had weasel wall sussed last year, thankfully
Yep nothing but ridicule back then chuz hey
Peter building out his dream at everyone else's expense, while he still counting his millions
No 5 , as you would of thought they would of sold off the data centers long ago.
Selling off rigs is the the last wave of the white flag for helios surely,
Indeed , krautyankee
Pinocchio pete lies started back in the feb 2021 rns with epic.,.....while he cashed out his £ 3.7 million on the back of it.
We've also seen bull runs don't last that long. I suspect there'll be a ton of raises across the board in the next one"
I'm not so sure that will be the case, as I'm expecting miners have learnt their lesson on how to properly prepare for & survive the crypto winter following that....
By sell a good proportion of their mined btc to fund their own growth in the bull run.
Also share holders have woken up & will now expect that of the miners too.
Will be interesting to see how it plays out
"They could potentially expand via the Intel route with raised money and strategic partner"
For a ridiculous low 900 PH.
The intel / epic rigs would take $12.5 million of the $27 million raised
Argo is seriously up against it now. The most recent rns shows that they are in no position to take advantage of the sharply falling prices of machines and not only that, by hosting their newest machines they are now essentially shrinking operations rather than building"
Indeed , after already shrinking from 5. 5 Eh to 3.2 EH end of year ..... Now less than half at 2.7 EH predicted hashrate
Yes and once btc dropped It was the loan with nydig that set all this mayhem off, Id like to see the eligibility rules binance incorporate if this ever gets off the ground"
Yep btc drop , with the double whammy of the cost of rigs drop backing the loan .
Ok what assets does Argo have left to secure a loan with ?"
Good question
Argo remains optimistic about securing a long term, low-collateral PPA..... this is
the first thing they need to find something to loan against
This is on top of Nydig allowing them to sell some rigs already used as collateral....at a ridiculously low cost.
Argo is at the mercy of Nydig
Argo selling 2757 btc in the last 4 months is terrible.
Looking forward to the big miners getting rewarded for their large hodle in the next bull run