Member Info for Jimmy_Stocks

Everybody ready for the daily BTC dump when US markets open...as predictable as the sun rising...

It is me or is that not a bonkers situation? BrickLive is the only valuable thing on the balance sheet. That business has fundamentally changed, with this new outsourcing arrangement with previous employees, and SHs are none the wiser as to what these changes are. Why is it not RNS worthy?

They RNS'd Japan KPOP and naff all happened. They RNS'd some of these StartART fairs, which brought in pennies in revenue with probably zero £ to the bottom line and yet no RNS for the BrickLive changes. What am I missing here?

WULF short position currently at 20%. These shorters are placing themselves in front of a freight train, with where BTC is going this next 6 months +.

So consolidation will have to be part of any cornerstone deal?

Forgive me if this info is already out there, but have they outlined what the arrangement is now with BrickLive? What are the margins now? What are the numbers under this new outsourced model?

WULF have stated $37k all in cost to mine post halving. They have also said their cost to mine will come down further with scale. And once debt has been paid off that will further reduce costs presumably.

Funny price action today, WULF bottom of the pile for all btc and proxies. Considering they officially announced $30m debt repayment aswell.

It's on my watchlist but reminds me alittle of Bidstack - rarely any mention of revenue or profits in these partnership announcements.

Watched WULF recent fireside chat and again, hard not to be bullish - https://www.youtube.com/watch?v=7LFZbBxlN78&t=21s they mentioned paying down $30m cash Friday 5th April but haven't formally announced it yet. So balance sheet now looks like debt would be $77m with $55m cash, which when officially announced (hopefully today?), will surely open up the floodgates to a proper re-rate.

WULF management team were heavily involved with the infrastructure build out of MARA in 2020 by the sound of it. To what degree who knows but I am surprised they don't shout about this more, given MARA's meteoric rise in the last bullrun.

The big advantage I see WULF has is their management team have worked in Energy for 25 years and the market isn't valuing the locations they have.

For next gen GPU's, Data Centre's will need access to water for the cooling, which WULF has. How big an advantage this is I don't know, with Immersion tech etc but. They are also consistent in their output, hardly any downtime, hydro at Niagara is never going to suffer like solar/wind and having to turn on and off because of the grid. Nuclear and Hydro are superior and tick the green energy box aswell, (ESG abit of a crock imo, some great principles that are being poisoned by globalist interests) but ESG is coming unfortunately, carbon credit system etc, so WULF are best placed if any regulatory changes come aswell.

The only thing is when and how much ATM. If they turn it on at these levels it will obviously stifle alot of growth in the SP, which is the only thing I'm unsure on. The CEO said they will only do it when it makes sense and at higher levels, so you'd like to think the stock will run abit from where it is, given it is already undervalued vs peers on all metrics.

With regards to growing hashrate, I did wonder whether they could be in a position to run older machines that will cease to be profitable for other miners after the halving, because of their low cost to power and low all in mine costs. If so, could pick up some real bargains.

Best performing miner again so far today. What in the heck springs to mind...

ETFs were netflow negative yesterday and Grayscale dumpage was a good chunk?

Seems like throw all other cycles / indicators out of the window and whatever Grayscale + the ETFs do and whenever they turn the taps on or off, that will be the direction of travel. At least that's what it seems like to me. 22 Hong Kong ETFs coming live this month is it? That should add some fuel to the rockets.

Also Bitfarms, the recent fireside CLSK chat, they were talking about Canadian energy and basically saying anybody mining in Canada is going to be screwed in a month or so, because of rising energy prices. Anybody hear that? Bitfarms mines 41% of their ops in Quebec I believe. They are on my watchlist as ATM has crippled the SP but didn't know if there was anything to this?

It is another benefit of WULF, fixed price on their energy for 5 years, with 2 back to back 3 year renewals I believe. And one of the lowest prices in the sector already. With inflation, those rates they have locked down are going to look silly in a couple of years.

The thing with CLSK for me is it has already run some. Credit to the management for tapping the ATM when SP is flying. It will stand the company in really good stead for years to come but is it going to run another 6x from here? Same with MARA, is that going to be $50b+ mcap? They could do but seems there are more likely candidates for bigger moves % wise.

Is there anywhere that lists the dates for when miners release their monthly numbers?

It is an interesting one, whether miners should hodl or not.

Nobody is thinking about the bear market, and hopefully we've all banked big profits by then, but any miners hodl'ing, if they get the offload timing wrong then it could end the company or result in massive dilution. I suppose selling straight away, ala WULF, is just effectively DCA'ing out, reducing risk in an already fairly high risk sector. Not saying I don't wish they'd gamble slightly and hodl some this next 3-6 months. But then, dilution would be more so no easy answer.

Also miners in a bear market will now have the other revenue stream of AI. Be interesting to see Bit Digitals margins in that area when numbers arrive. Think they are a dark horse for some big gains at $300m mcap.

Wonder what the reaction would have been if they'd chosen to sell their hodl to reduce dilution.

Leaves a sour taste, selling that close to ATM, but predictable. Youtube 'miner experts' claiming CLSK wanting the money now is because they see an opportunity for M&A that can't wait...p1 ssing on investors and telling them its raining springs to mind.

I would guess Mara's SP action is because of the $1.5b atm, although no idea how much of that $1.5b they have tapped.

Great interview with the WULF CEO y'day. First time I've heard him in an interview, very impressed, can't argue with anything he's said (except the hodl strategy for some of the bullrun imo) and hard not to be very bullish on their future - https://www.youtube.com/watch?v=xRMTXGW_MQY

Reading the potential FUD for US based miners (all very warranted) strengthens the case for WULF imo. They are profitable now and will be post halving and have long term zero carbon free energy, to tick the box for the ESG nutters.

It will be interesting how they fund the scale to 20+ EH but management owning over 50% of shares, I can't see their ATM being as substantial as some of their peers. They seem undervalued to me vs peers whichever way you look at it. Just wish they would be prepared to hodl for longer, given the whole world consensus is we're at the beginnings of a bullrun.

Whilst I am thankful that DC didn't decide to cut his losses in all of this and his health has clearly not been great, I do wish there was some acknowledgment to SHs who have been completely in the dark this past 6 months. I asked the question on the webinar as to why the suspension took 7 months instead of 1 and he didn't really give a good enough reason why. I had personal circumstances where I needed to get access to the money I had invested, but I couldn't, because of LVCG mismanagement (and my stupidity for trusting that it was 1 month suspension). All very stressful and zero acknowledgement from DC or Sarah on the webinar.

Also I missed the beginning of the webinar? Was there an apology for all the stress to SHs for the suspension overrunning by 6 months? I hope there was.

Yes but why no line up. They were clearly let down by third parties. Is this new investor going to ensure that doesn't happen. For example, what if the KPOP investor is SBS? And the theme of your message is they left everything too late. Not something that can't be rectified - my view.

But, lets not get bogged down in hypotheticals. My point was, this new investor might be able to plug all those mistakes.