Member Info for krautyankee

good post Tyrion. I reckon at least 100 BTC "lost", due to delay of 600PH from July -September. It could have been worse and the other miner's expansion plans will definitely also be impacted by this kind of thing in the future.

argo only holds BTC. ZEC is converted on a daily basis to BTC. All of their DOT was used for the initial Pluto funding.

we have 280 megasols mining ZEC, which was about 5% of world-wide total, as of late last year. I assume the % is a bit lower these days.

D2C2 - you mean a green bitcoin, of course...

Moog - my OPINION: 1. a bit of hesitation in markets due to bond yields (less momentum & sentiment for "risk-on"). 2. Investors have watched these last 3 BTC "legs-up", and are convinced of a pattern: volatility is still king and "If I miss a bottom, there will soon be another retrace anyways, so I might be able to get in cheaper next time". 3. ARB is a big anomaly compared to all "peers"; UK-listed, but operations in north america. OTC has helped but you only have to compare our daily volume compared to MARA & RIOT. ARGO was a bit late to the party (wrt funding via capital markets). Until Pluto and Green BTC, Argo has been trying to keep pace with peers (ie. expansion, as well as funding for BTC purchases on open market). 4. ePIC is still un-proven wrt to designing & producing "second-to-none" mining rigs. Their CV looks great, but the proof is in the pudding. 5. Because Argo mines Crypto AND PW is so open and transparent, old-school investors, particularly in the UK, have their "skeptical hippo-eyes" wide open. They think they sense a "scam". (they think this (DeFi /BTC) is dot.com, all over again). 6. ii are taking positions, "holding" arb down. Looking back at the past 3 months, I expect that the volatility is too much for most PI's. that is my take.

Moog - Mr. Occam would beg to differ. BTW, I have been invested in ARB & posting here for over a year.

Moog - your statement is pure conjecture. Directors have many reasons to sell shares, notwithstanding the fact they only have limited windows to do so. Why should they not be allowed to diversify? Big institutions know this and certainly would not hesitate to invest in ARB based on this alone . Everyone seems to be trying to identify the culprit wrt the lumbering SP. It could just have easily been the share placing /funding for the Texas expansion and the Pluto 2nd round. Everyone has a theory. PW's moves have been second-to-none in 2021, so far.

the only thing positive for the company is PW is an advisor. Under Bixby & Edwards' "watch", Argo's mkt. Cap. dropped substantially. Shame on them for using Argo's current value as a tag-line to promote this venture.

CC - you think there is a city nearby? It is probably in the middle of Timbuktu.

The Pluto investment will not add income. Pluto is an investment. The value of this is reflected on the balance sheet. In order to "cash in", Argo will have to sell shares of Pluto it owns, or Pluto will have to pay a dividend.

agree Kozzi - the way the funding was done: the main point: our HODL was protected. that excess fiat sitting on the BS needs to be deployed (what PW will certainly do in the coming weeks).

Emarr - the funds from the raise is fiat. Argo have not "netted" anything, since they would have to have bought BTC with these funds early in the week. The reasons for the funding have been well communicated & repeated many times on this thread and a good % is not "sitting", but have already been dispersed to both Pluto & the Texas build-out.

I think most of the ATHs this year, for whatever reason, have been on weekends / when traditional markets are closed. Obviously, the low-volumes are one reason (a few good-sized buys can move the price dis-proportionately). I think anyone can make a guess; Maybe an institution is topping-up...; and yes, the stimulus dosh will hit, beginning on Monday. Yanks & their Banks were all asleep when BTC hit 60k.

anyone who thinks that the BTC rise today is due to stimulus funds landing - you are deluded! I accept that the final passage of the 1,9 trillion bill might give confidence to a potential investor who has been keeping their powder dry. But there is NO WAY that any of these checques have contributed to todays happenings. Most folks must surely know how long it takes for funds like this become "spendable" in our non-DEFI world......and on a saturday to boot!

what are u talking about? the bogus tweet that claimed someone dumped 5 bil. BTC?

going forward (NASDAQ listing) I doubt whether PW will be able to be so transparent. Due to reporting requirements, and the associated SEC laws & governance, one "honest" mistake will lead to a lawsuit in a heartbeat. All of us love the current transparency but I am pretty sure PW will become muzzled, to some extent, in the next weeks / months.

the tweeter, "fletch", needs to get familiar with the graph stats. the only ref. is "107k", volume. This is the volume of BTC traded in the referenced 24H period. the rumor looks 100% bogus to me. Also, as stated below, no price rise. Dip**** twitter heroes, looking for attention.

would like to see a link to this "rumor". Google found nothing....

Based on PW video a month or 2 ago - ARB does not HODL ZEC. They convert it to BTC on a daily basis. We are certainly making dosh - price increase = reward increase + transaction fees. Not sure if the ZEC "hashrate" is also increasing (making mining harder), but would assume so. We have 280 petasols of mining power. There are several websites that offer real-time data on all of the ZEC mining statistics.

Amanesia - you need to watch or re-watch the 3rd video, in the latest twitter/youtube series from PW. Argo has pretty good connections wrt obtaining "currently rare" mining rigs (new generation, not old stuff). I am certain the new rigs will be S19-ish/equivalent. He clearly stated the importance of using latest generation stuff. The currently supply issues wrt to mining rigs should slowly subside as suppliers ramp up production over the next 12 months (in time for the first phase of the west-Texas build-out).