Member Info for HarChris

No gambit, what I meant was comparing the share price like you did can be misleading, compare mcaps from two years ago to today if you are trying to make a specific point. Besides that I'm completely with you, so much potential here and incredibly undervalued!

Calamari I think I confused you with someone else, apologies!

Excuse my ignorance but has there not been a placing/fundraise or two in the past few years? That would make the like-for-like share price comparison a little less meaningful.

You would say that, you're one of the derampers. I don't think you could accuse me of ramping, I've said from the start that the long term outlook here is uncertain but that you'll make a shed load of money IF BTC (and the wider digital assets space) turns out to be sustainable. Still potential for further falls but a great opportunity for Bitcoin bulls to accumulate now...

As much as I dislike the bloodthirsty types who come preying on forums looking for a drop like this I can put up with the likes of barnetpeter, the ones who are honest about their intentions and tell you the price they are hoping to get and are often pretty good at spotting a retrace - but the likes of Pearls are really the lowest of the low, spreading lies in order to create fear and uncertainty and trashing companies incessantly until they get their price and then disappear off the forum.

It will fall as it was already trending downwards however I don't think it will go that much lower. There will be big money coming in at the 140 level as it's an absolute steal for any bitcoin bull. This is exactly what so many vultures on here have been waiting for the past few weeks...

Pearls at what price are you planning to buy before switching to a different LSE account to pump the stock?

The small 14% difference in coins mined in March is a little misleading by itself. Riot holds 1565 BTC compared to our 764 so a more than 100% difference in coins held in treasury. Riot are also expanding extremely aggressively, I believe much more aggressively than Argo who are looking at diversifying operations more than Riot.

I do think Riot deserves a much higher share price currently than Argo but at $3.76b (£2.72b) to our £596m we're talking 4.5 times higher. No way the difference should be that stark...

It's important to remember this - as an investment we don't even need BTC to keep rising long term to make money unlike actually investing in bitcoin, all we need is it to continue to be a valuable asset. Once Texas comes online Argo will be mining a hell of a lot more bitcoin, perhaps as much as 1000 coins a month but let's be conservative and call it 500 coins a month because of mining difficulty and other factors.

500x£44000 x 12 months a year x 0.85 = £224m profit a year. That's right around £224m profit a year if in around 12 months time Argo have successfully pulled off their expansion plans and BTC is where it is today.

Again, we don't need BTC to even rise long term to make substantial returns from here, we just need it to be close to where it is today and the business to continue with aggressive expansion. If of course BTC also continues to rise we really will see extortionate returns!

Does anyone know what the 200MW facility will mean in terms of the amount of hash rate? I know by July Argo's installed computer power will be at 1700 petahash which should equate to 240 BTC. Wondering how much more Texas will provide?

I think SABY is right on one point, that a sharp BTC retrace could cause carnage here and see the share price fall much further. It isn't do or die though and the fundamentals will still be there. Over the long term all that matters is the success and price of BTC and any other crypto related investment.

That is why Pearls is here, creating fear and praying for a retrace in BTC so as to get bargain basement entry.

UncleJohn from my (albeit) limited experience trading AIM shares the key to rerating on AIM is an increase in frequency of RNS/News when momentum is with you. What then happens the bullish forecasts start being shared aggressively and FOMO kicks in all the way up and beyond that bullish target before eventually ending up in way oversold territory and scaling back 25 or so percent. So for instance here a few meaningful RNS' in quick succession, the VRFB narrative being brought into focus and shouts of '50p by the end of the month!' could see the SP move in a flash from 16p all the way up to about 70p before retracing back to about that 50p level.

No it's a reminder that bitcoin is up 800% since last March and Argo is up about 4000%. At £2.50 a month ago Argo was up about 6000% in the same period.

Nasdaq is not essential whatsoever, what is essential is for bitcoin to continue on its journey to normalisation and mass market adoption so as to give confidence of Argo's ability to generate long term sustainable profits.

If bitcoin shows weakness over the weekend I do think there's a realistic chance of this dropping as low as ~140p Monday but I am very confident it won't go any lower than that.

When anyone comes on here making comments like 'this will go to 50p' you know they are either deramping or plain thick. 50p equates to £180m mcap, in 12 months time Argo could be holding close to 4000 coins (minus the coins sold to keep funding operations).

At today's £44.5k a bitcoin Argo would be holding £180m in cash equivalents.

Just keeps on climbing - 100% rise in a month now. Anyone have any idea what percentage of our mining it makes up?

It's not so much sentiment that is needed, it's sufficient confidence that bitcoin is going to hold strong for the long term. I think the talk of institutions all rushing in led to an expectation of the bitcoin price smashing through $100k fast as lightning but it hasn't happened. If/once it happens Arb will be valued signficantly higher.

To make huge returns from here two things are needed. i) Time, at least four to six months and ii) Bitcoin continuing to rise towards gold's 10 trillion market cap and becoming widely accepted as the new 'digital gold'.

I believe from July we should be mining 245 BTC with the further additional power coming online so would imagine once you add Texas on top we might be talking a good bit more than the 300 BTC you've used in your calcs...

Pearls your transparent attempt to deramp on here on a Friday night is nasty and depressing. Many of us are quite happy to discuss the risks to this investment and are aware that there could be further downside still and of course there's always the risk of a bitcoin crash causing share price capitulation. But post after post slandering the company and its future is really deserving of a ban.

I cannot get over the fact that someone has been paid to write this: https://www.fool.co.uk/investing/2021/04/16/why-is-the-argo-blockchain-share-price-falling-as-cryptocurrency-moves-higher/

This passage in particular boggles the mind 'Q1 revenue came in at around £13.5m, so if I double this then I could perhaps forecast H1 2021 revenue of £27m. H1 2020 revenue was £11.12m, which translated to EBITDA of £3.23m. If I assume the same margin for H1 2021, it would put EBITDA at roughly £7.83m.

The current market capitalisation is circa £630m. Does a valuation of £630m for a company generating earnings of £7m-£8m in H1 seem fair?'

For reaaaaaal? First but somewhat forgivably Jonathon Smith takes Q1 revenue and doubles that to get H1 revenue. But this was the breakdown of coins mined: Jan 96, Feb 129, March 165. Does taking an average and assuming no growth on that seem fair when there's a 33% increase month on month?!

But the next part is the worst of all by a country mile. He takes the operational margin from H1 2020 and decides to use that for H1 2021!!! Bitcoin was about $8.5k on average through that period in 2020, H2 2021 will likely be around $55k.

I really can't get over the fact that Mr Smith would have been paid for producing that article.