Member Info for Lightus

Happy holidays to all KR1 shareholders. I'm a recent investor keen to learn more about DeFi infrastructure and the portfolio strategy. I've started an educational series on Twitter (@DefiRohan) to better understand the sector. Confident in the long-term vision for tokenization and decentralized infrastructure but admit it might be a long while until we see some serious adoption so patience is key.

Looking forward to engaging with the community!

I'm 23. Invested part of my student loans at 5p average and still holding a decent amount today. I'm not active on here because this is my long term hold and I'm not fussed about day to day movements. Also I feel unbelievably blessed and lucky to be in this position so not stressed at all. Hopefully some of you LTHs at 5p still remember me! Gla.

If most LTH believe this was very undervalued at 5p and still believe it's very undervalued at 55p then you can image 550p is the next stop. Or maybe I'm just dreaming! Congrats to all LTH. What a ride it has been, although I feel like the real journey is just beginning.

We all feel the same Pop. The wait has been long and arduous but I'm really excited to see what happens when we smash 20k. GLA.

Just to emphasise this point, I highly recommend everyone to watch this video on riot blockchain:

https://www.youtube.com/watch?v=iFH9ob4YJxY

Obviously as Bitcoin grows, all miners will benefit but based on efficiency and strategic decisions, it's even more clear how undervalued we are at the moment.

The average difficulty in November was a little bit higher than August where we mined around 166 coins. If we assume that we have less capacity than August then I guess we could mine around 135-140 coins this month. The average BTC price for November was around $18,000 according to this:

https://www.statista.com/statistics/326707/bitcoin-price-index/#:~:text=The%20average%20price%20of%20one,be%20differences%20in%20the%20prices.

So 135 x $18000 = $2430000 (£1.8m) revenue for November. We are now making as much money as we did before the halving AND those numbers might be a little conservative. Considering future expansion and who knows what else, the future does seem bright here.

Just the market undervaluing us as always. This has gone on for too long and something we have to come to terms with. As mentioned before, there are a few key factors that will skyrocket this and those things can happen at anytime. GLA

I'm loving the general optimism and positive discussions after a substantial drop. Just goes to show the level of confidence in the company and the general crypto space. November update should hopefully increase that confidence and lead us onto bigger things. Keep it up guys! #Argonaughts

From doing some research, look at the link below which shows one way a company can benefit from cancelling the share premium account:

https://www.greshamtech.com/regulatory-announcements/regulatory-announcements/cancellation-share-premium-acct-notice-gm

Specifically the extract:

Proposal for the cancellation of the Share Premium Account

The Board considers that it is important that the Company has the flexibility to pay dividends and make other returns of capital to Shareholders when the Board considers it appropriate and desirable to do so, having regard to the circumstances at the time. Specifically, the Board wishes to commence a progressive dividend policy.

In accordance with and subject to the requirements of the Companies Act 2006, the Board is proposing to cancel the amount standing to the credit of the Share Premium Account as at the effective date of Cancellation.

The Cancellation will, subject to approval by Shareholders and confirmation from the Court, eliminate the accrued deficit in the Company's profit and loss account, and will support the Company's ability to make distributions to Shareholders should future circumstances make it desirable to do so. The proposed Cancellation will not involve any distribution to Shareholders.

We can't say for sure that a dividend is coming but this move makes it increasingly likely.

I said it before when it crossed 9p but I'll say it again. Congrats to all LTH's and welcome to new shareholders. We are on the brink of witnessing one of the most undervalued companies show its true potential. There will be pullbacks along the way but 2021 is going to be an explosive year for ARB. I'd say hold on tight but be prepared to get blown away. GLA

https://news.bitcoin.com/millionaires-fomo-73-own-bitcoin/

Sometimes it's worth taking a step back and looking at the bigger picture. There's still plenty of high net worth individuals who haven't invested in bitcoin yet. When all this fomo kicks in, ARB under 20p might end up looking like the bargain of the century.

Haven't posted in here for a while mainly because this stock is pretty much overlooked by the masses so it's a longer waiting game that I initally imagined and although that has been fustratining, I still topped up yesterday because the fundamentals are clearly getting stronger than ever. If people are slow to react and don't want to jump on this amazing opportunity then that's their problem. FOMO will most certainly hit ARB as it's one of the few cryptos plays in London and imo, these huge gains we are predicting will happen really quickly over a few days rather than a slow growth towards 30p+. I would say buy and chill until BTC shoots past 20k and hopefully we'll get Novembers update which by that time should be enough to start the FOMO. If that isn't the case, then when the bull run actually kicks off then no-one can hold this back. In the meantime, buy cryptos too and diversify as much as you can to help you manage these fustrations. There is nothing wrong or shady here except for the complete ignorance of the masses.

https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin

Congrats to all LTH holders and welcome to new shareholders. As good as this day has been, it's clear as day that ARB has a lot of catching up to do. The journey has just begun!

Hi Porky,

I'll try to answer these questions as best as I can but there are other more informed posters who can hopefully add in things that i've missed out!

1) You are indeed correct. Higher prices of Bitcoin will increase ARB revenues. The question is how many coins can they mine. It is very likely that the mining difficulty will increase as the bitcoin price increases which means that it will be harder to mine more coins especially for miners with inefficient/outdated machines. ARB tries to solve this problem by constantly tweaking their machines for optimal performance and buying newer faster machines at competitive prices. It will get harder to mine more bitcoin and that makes sense as Bitcoin has a limited supply. This means that the price will appreciate rapidly and only the most efficient miners will benefit.

2) ARB deal with cryptocurrencies only. They can either mine them or buy and hold them. So far they can mine Bitcoin and Zcash. But they also purchased other cryptos like polkadot. In their most recent RNS, they have come up with another stream of revenue whereby they manage the mining operations of machines owned by another company. Argo would recieve a monthly fee for doing this. As more and more miners start up, Argo could manage these machines as they have the proven track record of optimising them for the best performance.

Hope that helps!

Just another day for ARB peeps.

Billfunk - the voice of reason. While we wait for these dinosaurs to wake up, let's start throwing wild predictions out there so we feel a little bit better.

ARB - £2 (EOY 2021)
BTC - 150K (EOY 2021)

You heard it here folks.

Completely agree Pop. I always thought the rises in Bitcoin would be the key factor in attracting investment but as time progresses, I was clearly wrong. In fact, strong news is what makes the share price grow so as Billfunk keeps reiterating and for good reason too, we need to dual list. We've seen this manipulative pattern for too long, especially those who held since IPO days so if Bitcoin goes to 20k then it seems like we'll hit 10p and consolidate there. The only positive I can take from this is that Peter Wall does seem like the type of person who has our best interests. Granted there seems to be some finer details that we are not aware of such as why we can't dual list, aside from the fact that it is expensive. Since Peter has come in, he has made some astute changes and without his direction, we wouldn't be in this favourable position as a crypto miner. More needs to be done and as I said it before, we need to take advantage of the bull cycle because it doesn't come every day.

Regardless of who's selling, there has to more interest in this stock by now. We're on the cusp of breaking ATH and potentially extending beyond so if now is not a good time to invest, then when is? However the more the market is against us, I do feel like the inevitable rise will be epic. After all isn't that investing is all about? Investing against the tide as early as possible and then rocket to the moon.

Also pop, I know you were kidding. Those 4p days is a memory I hope soon to forget!