The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
They have options, but like what’s already been said, they are not desperate right now for cash, I think they should just get the first unit kitted out first by selling Bitcoin, which they won’t need the cash until q2 next year, by then the hodl will be around the 3000 area, and then start getting the next unit up, getting the actual shed up is peanuts in the context of things and then see where we are then, also remember we must have a cash reserve to buy quite a few machines as it is
Just wondering how many miners can the first stage of Texas do, will the 20000 miners bought fill up the 100mw capacity, just saw Mara bought 70000 s19 miners for $170m, (at the back end of last year), so I take it the ones Argo bought are slightly upgraded?, and does anyone have a rough price for these miners considering PW said the cost had gone down from earlier in the year.
So with all the anticipation of the ipo on Thursday, and reading lots of predictions, thought we could do a price prediction comp for lse Wednesday close and Thursday close:
I’ll have a crack at Wednesday £1.95 Thursday £2.10
No defiantly not trying to to add any fud, just seeing what you guys and gals thought, we have had a great week and hope many more of them are on the way, I guess we will all know very soon just what they have raised, And that this money sets up the texas venture nicely,
@ Blubay and @LimpingAlong, regards this 'alledged' disappointment, perhaps this is mere FUD. Either that or he/she is not very well informed. Given the trading around the close of business yesterday, it is ludicrous, IMO, to consider disappointment but that is only my opinion and time will tell. (I've been wrong before so no disrespect intended, just my personal view.) ATB
Just to make myself clear, my disappointment is that Argo might not raise quite as much as us shareholders are hoping for, they could have easily sold a few ADS shares at a discount to the $18.40 price, I really hope we sell the for alot more though.
@ Blubay and @LimpingAlong, regards this 'alledged' disappointment, perhaps this is mere FUD. Either that or he/she is not very well informed. Given the trading around the close of business yesterday, it is ludicrous, IMO, to consider disappointment but that is only my opinion and time will tell. (I've been wrong before so no disrespect intended, just my personal view.) ATB
Just to make myself clear, my disappointment is that Argo might not raise quite as much as us shareholders are hoping for, they could have easily sold a few ADS shares at a discount to the $18.40 price, I really hope we sell the for alot more though.
Thanks everyone for your reply’s, hopefully by the sounds of it, we might have enough money to kit out the initial 100mw, but I think I remember him saying, he may move some of the existing machines to the new facility or did I dream this?
Someone on here or Stocktwits said the ipo would’nt raise enough to kit out Texas and not sure if it was the same post or not, but it was suggested that Argo was aiming for 100mw and not 200mw which was originally said, now I remember Peter wall saying something like it costs $250000 - $500000 per MW, so using the upper figure, that would surely be $100m for 200mw, has anyone heard any news about this?
Has anyone seen this and if so what do you think,
https://coinandcrypto.net/team-behind-argo-blockchain-launches-london-listed-defi-fund-coindesk/
Tomorrow morning am seeing a dip, but Friday surely depends on how many people want to sell there new shares, am sure there will be a few, but there will be a lot that keep them too, so not sure what will happen Friday, I can actually feel a rise coming friday