Member Info for JAMESY1980

More positive than I expected. EBITDA 2021 £53m, hodl and cash £93m, preferred financing model of debt and liquidating portion of mined coins, Helios online next month, 5.5EH by end of year. The only thing I could have asked for would be some more meat on the bone around milestones between May and year end.

Obviously Bitcoin is down nearly 20% since end Dec, but who thinks we won’t see high £40k’s again soon??? I know it has been stated before by PW that ARB would avoid further dilution in near future, but restating it in black and white should go down well with the market. Hoping we at least say goodbye to 60s for good… Fingers crossed.

Agreed, looks all positive to me. Market will hopefully react positively, particularly to no dilution. GLA

Not sure why anyone would be here if they weren’t positive about Bitcoin and crypto looking forward. Plenty of fiat banks or physical miners to spend your time researching.

RNS of some sort tomorrow?

Even most of us ARB fans recognise the past 3 months as very disappointing, but even this ****ty production in Q1 is worth around $20m at todays also disappointing Bitcoin value. This crappy performance is baked into the current SP meaning that the cumulative potential of improving mining performance, rising Bitcoin and Helios expansion adds exciting upside IMO. As many have pointed out, financing expansion is the risk, but I suspect we’ll find a palatable approach. GLA

Question- why when Arb hodl around 1/3 of MARA and produced close to 1/3 coins MARA did in March is Mcap around 1/6 of MARA?

163 Bitcoins - ok. Improved bitcoin margin at 74%. Fibre connection to Helios sounds important - is that new news? Most importantly Helios on course for Q2.

One thing I don’t get is the unfavourable bitcoin movement. How is this calculated as I assumed it was closing price on last day of the month, but that looked favourable to me?

It would be nice if we could at least get back to somewhere around January's haul of 172. At least March closed up on Feb so there will be a decent inflationary bump on the hodl as well.

The 8th is the latest date we've seen a monthly update published for some time. Hope there is some meat in this one around expansion progress, timescales and even better - machine purchase.

This is where Argo’s stakeholder engagement and community work (that swimming pool) will show their worth!

Any views on this: https://twitter.com/HiveBlockchain/status/1509168942920740876

Obviously Hive’s analysis shows them top, but Argo bottom of these 8 on production per EH??

There is a huge amount of ignorance around crypto in relation to green energy use. There is a practically unlimited renewable energy potential. There is also a massive gap between peak and average use in electricity grids across the world and limited capacity to store or convert unused energy. If we were turning most unused renewable electricity into hydrogen fuel then the arguement that crypto is displacing existing demand would stand, but we are turning off generation regularly. Crypto is potentially a great way to fund renewable investment and has the added benefit of being interruptable for extreme peaks in the system demand which is manna for the network managers. The biggest barrier for using crypto to drive and fund renewables is the long term uncertainties. Many speculators like us will see a long term demand whether it is bitcoin or whatever comes next, but energy investment is often looking at 20 and 30 year returns and energy companies are not generally speculators. Ironically the ignorant greenies are adding to the uncertainty and playing against these potential benefits to drive renewable adoption. I would like miners to consider investing in green upstream energy to counter this risk, but large investments with reliable but slow long term returns isn't synergetic to most business plans.

I have continued adding CARD with multiple purchases below 50p. I see no reason that they wont continue to draw down debt rapidly. Whilst inflation tends to put pressure on the bottom of the market, margins are big, less affected by oil price and logistics issues than most, competition are closing physical stores regularly which is naturally growing card market share and CARD’s online offerings offer potential for further growth. 2022 EV/R could be around 0.5x which seems very cheap to me. Not sure why SP remains so low. GLA

ARBK and Bitcoin rising and ARB ticks down 0.5p :(

By my crude logic - averaging 170 bitcoins a month times the current price is around $100m of production per annum with impressive margins - That is the here and now for me which is generally accepted to be below par, but still mighty impressive. Helios growth and Bitcoin speculation must be worth more than the current Cap here...?

Aye pushing 82p across the pond... come on ARB.........

Looks like it will be a nice day percentage wise, but it would be so much better if NASDAQ could heave us up to finish in the 80's and say goodbye to 70's, peroid. A March update, even with a low (but hopefully less crap than Jan/Feb) haul and a decent update on Helios could give this a real leg up. GLA

Over 75p on Nasdaq. Shame I can't buy on LSE and sell over there :)

What about Sphere 3d's 26eh plans. It's still sitting with a cap of little over $100m usd. I know credibility of plans will factor.

I'd take 172 for March given Jan/Feb returns.

I think we are all (or mostly) here as we see the next 6-18 months as very exciting, but it is hard to get away from the fact that the current MCap is very disappointing and I suspect that ARGO feel this way as much as us. Unlike many industries the market currently seem to value the here and now much more with miners than forward projections. Any thoughts on the potential haul for March? would be nice if we could get back to something like 180 to set up some form of platform?

First time I've ever agreed with Chuz - this is 'MEH'. On one hand it's great seeing new machines delivered without dilution, on the other I had not anticipated Helios capacity offsetting existing capacity. I remain confident that ARGO will have the right long term plan, but I would like to have seen something more exciting being projected in the next 3-4 months.

Mark - whilst I understand your moral dilema, some of us have been invested here for a long time and part of my reasoning was always that we would need to improve energy self sufficiency. Putin is simply demonstrating why. You can't second guess a full blown looney, but our government and others should have been better prepared in this sense - the world relying on Russia was never going to go well indefinately.