Member Info for Jimmy_Stocks

Really like BTBT but it is looking weak atm (along with btc and eth) I think it's heading down to low 3s final dip before the fun starts and could be 5x or more from there. Lots going for it btbt. Decent short position on it aswell

Yes wouldn't surprise me if inauguration was near the peak this cycle. I don't buy into orange man bad, like media constantly push. The only president to not go to war is a fact to be applauded, not spun into anything else - he's this he's that etc.

Bitcoin's last leg down to 60-62k before the move to $100k?

Trump was the only prez who didn't go to war. The US defence spend requires they keep going to war to prop up their economy. His administration will find other ways of raising GDP I am sure. Making the US the Bitcoin mining centre of the universe being one :)

Bitfarms is the next to run imo. Valuation sticks out like a sore thumb vs peers now on any metric. Rode some of the Cipher gains but sold too early at 6.50 as it quickly ran up to 8p resistance. Not surprised by the buyout rumours because it looks like infrastructure and long term power deals are only going to get more expensive from here, for the next couple of years at least. A buyout would be great and set the floor for the sector hopefully, like Corz corweave deal and the HPC capable miners.

Currently in BITF 50%, BTBT 35% and SLNH 15% and tempted to stop trading from here now and just seeing how these 3 run in the bull run. Admittedly don't know RIOT, HIVE that well, haven't bothered researching either, so they could run, no idea. Probably should look at HIVE, anybody any thoughts on them?

Yes, long term holding anything on AIM is a fast track to the poor house. Wish I knew that fact 8 years ago. Is it by design? Probably imo. Should be renamed 'mirage in the desert market'.

I am reading it as Wulf is down for same reasons as Iren, just slightly less, because of the good news of their debt pay off. Looks to me like something to do with APLD has spooked them (and corz). Crazy with Corz, as they have already bagged a massive deal.

Every single AIM share on my long term watchlist is down 90%+ over a couple of years. I'd be alot wealthier having avoided the cesspit altogether. Even seemingly good companies like EXR are down badly.

Spoke too soon on APLD. Felt like they were going to announce a deal imminently with the hyper scaler they mentioned and the SP action, maybe that is off the table now if they are raising here. Contagion seems to have spread to other HPC names, WULF, IREN and CORZ. SLNH holding up for now...

Yes Soluna host some of BTBT's BTC mining. Interesting they renamed their bitcoin arm Soluna Digital.

APLD is holding the MW and infrastructure and is going to keep ticking up by the look of it. All of the HPC names are pumping and ridiculously undervalued vs established data centre names. Hopefully the rerate for these names has plenty more left in the tank yet.

I have been flipping from one name to the next, trying to increase gains and it cost me a big move in Wulf but still haven't done too badly, but the more I read about Soluna, I might be holding onto this one.

Nice buy. I think on reflection, BTBT might move first before CIFR based on the SP action last couple of sessions + ETH ETF this week.

Having a good look at Soluna SLNH today and have brought in. They are operating 125MW currently, with 166MW Kati project in development. This, for $25m mcap is it? And a pipeline of 2GW, which is based on probability of projects landing, so actual pipe is bigger than 2GW 🤯 Seems like they can work with all parties aswell, with the solutions they offer. Has the look of a potential monster being built.

Both solid buys that will do well but I feel like CIFR move up is closer. Can see it finally busting through that 5.8 resistance and go towards $8 maybe $10 this next month or so. That is where my money is anyway.

Are any of RIOT's portfolio of MWs suitable for HPC or have they commented if they would look at HPC? I am guessing not, otherwise stock would have pumped.

BITF last thing I want in this environment is for money to be tied up. It is a tempting valuation though and I think might continue to go sideways for abit yet vs peers, which will make it even more tempting.

Q2 results will be interesting aswell, with FASB and the halving. Thinking it might be prudent to flee to non miners during this period, APLD and possibly MSTR and COIN, and hope there is a bloodbath to take advantage of.

Yeah the only miners that have really moved YTD are the HPC tickers, bar CLSK. BTBT being the exception because they don't own the infra probably. Seems logical that non HPC miners catch up some when Bitcoin moves but I'm not sure that happens, as the market seems to be pointing to the long term value being the quality of infra and power.

I was looking at possibly Bitfarms next. And Riot. And will return to BTBT as I think they announce more HPC business but think it might go sideways for a couple of weeks at least. Also thinking that Corz CoreWeave deal hasn't been fully priced in yet, with the warrants still up in the air.

Not enough time to look into all miners properly but it is time well spent because of the potential gains on the table, this next 3-4 months.

Yeah looks like Bitfury have been offloading 500k shares per day and now 900k left

https://investors.ciphermining.com/static-files/2bf36dcc-c13d-4cfd-a752-7b86de020962

Was thinking $6 aswell for 25% gain. Always a chance it busts through $6 this time, with selling pressure gone and if bitcoin moves. China is turning liquidity taps on and alot of that money is going to find its way to btc imo. It spent most of this year being 2.5x the valuation of Wulf and Iren, now both are ahead. Always thought it was overvalued then tbf but $1.5b now seems undervalued alittle vs peers.

Nice sleuthing. Might explain the under valuation vs peers. Good info to know but still think big gains will come in this one over the next 6 months. Risk enhanced though for bad news to drop out of the blue I guess.

Not related to your findings but I moved some into CIFR earlier, based on the chart looking ready to burst and RSI having plenty of room to run, and same logic as BTBT couple of weeks ago, feels due a move. Insiders selling recently is not ideal but it won't be one I'll be holding for long.

CLSK looking very good aswell for a run into the mid 20s. Great day for miners.

Yes SMLR are cashflow positive but their SP did take in March, so that is a concern. They are in medical equipment, so did a patent run out maybe.

BTBT I don't think the market minded because they were undervalued vs peers anyway. At least relative to consistent prices throughout the first 6 months of this year.

The CEO said on Friday in that interview they have $100m ETH, but didn't say what their btc hodl was. HPC margins were 71%. They had a curtailment at the beginning of the contract, so they gave the client a discount, which dropped margins to 61%. The margins are slightly less (than 71%) for this 2nd tranche of GPUs though, as they have given the client discount for volume. Not sure how much though.

SNLH haven't mentioned margins yet I believe? Also contract says $38m - $80m, which seems like a massive margin.

Soluna looks good at $40m mcap. Wish I'd looked at that earlier.

BTBT CEO interview worth a watch released Friday I think - https://www.youtube.com/watch?v=EZQWzEfeBAA

I like how he comes across. Admit I wasn't aware of the history. I did see alot of their executive team was Chinese. Not sure how many shares the CEO or exec team hold?

They hodl currently $100m ETH he said. My guess is they liquidated some BTC to pay for the GPUs as he doesn't mention btc hodl. Agree on the owning infra but their valuation is $400m, so that is already priced in imo (and then some). He also mentions they are in talks to buy a data centre.

Also sounds like they'll announce more HPC customers soon. As of August they will be generating a monthly $7.6m revs from HPC, with margins 60%+. Corz won't be generating HPC revenue until 2027 I believe. Not comparing the 2, Corz is a beast but BTBT mcap is tiny compared to these infra owning companies and is banking HPC revenue now. This 3 year HPC contract at $276m is nearly 70% of their mcap.

They seem in a good place. Solid balance sheet, undervalued, handful of near term catalysts.

If Bitfarms if it keeps pulling back, will be tempting aswell. And Cipher.

Anybody any views on SMLR? Announced a MSTR treasury strategy then gone quiet. Seems like they'll announce btc purchases soon and will probably pump.

I have a feeling MARA and CLSK might lag now in terms of % gains, with both being large mcaps already. Always felt CLSK had half run its race. 2 or 3x'ing now would be $15b+ for Mara and $12b+ Clsk. Could happen but doesn't seem likely to me. Not a popular opinion but I think both go sideways for awhile yet, with peers closing the gap alittle, until btc hits 80-90, then I think we might get 50% moves from current prices in the bigger caps but can't see any more. Could be very wrong of course and things get crazy, but if they do, small caps likely get bigger % gains from here.

ETH ETF is coming live next month, another catalyst for BTBT, which has the staking vs not being able to with the ETF. Glad I didn't sell just yet. Sit on hands time for the next week I think.

I nearly pulled the trigger on a bigger buy of APLD towards the end y'day and sell some BTBT, but stopped myself as I think if BTC moves back up, APLD will lag the miners. I do think there will be an announcement v soon though on them working with a hyper scaler, and SP will no doubt spike 50%+.

Good to get thoughts on Corz. I do see it as the safer play, for obvious reasons. Their mined btc has dropped off slightly this month it seems, by 2-3 btc roughly. I'm sure there is a simple reason as their ops seem pretty slick.

So are we thinking 5th July we might see CORZ really kick on? I've seen people breakdown the numbers and $4b is fair value for the HPC business on its own, not including the additional MW they have left, which is around 230MW I believe?

Yes I mentioned BTBT, glad some got in.

I think SP will still go some btw. CEO on Twitter saying 'stay tuned for more' regarding HPC. Have watched a fair bit of him and doesn't seem the type to blow smoke....under promise over deliver type.

Their SP has also previously spiked in line ETH in the past, so hopefully another catalyst once the ETFs start trading next month. $410m mcap still cheap.

I think Wulf might get brought out btw, or an offer is inbound. Would explain the SP strength. Wouldn't be surprised if it was Amazon, after they brought Talen next door.

This is my concern. The cornerstone holds all the leverage. The only thing to throw in is the other interested party but given we know nothing about either, it is just a total shot in the dark here, whether to buy, hold or sell. Literally casino black or red scenario (which is probably better odds than 95% of AIM tbf.

I see why people would be seduced into buying at these prices but also see why others would run a mile. No guarantee suspension doesn't last longer. They said 1 month last time and London didn't happen which changed things and resulted in the going concern issue. If Frankfurt doesn't happen or something else unexpected, or cornerstone doesn't move further ahead, then it delays suspension again I imagine.