RE: I like this..4 Jul 2022 22:15
Here’s what’s going on Rookie, everything else is conjecture, hearsay, pure guesswork. AB and Hexam have gone through all the numbers here so we have those, the rest is down to executing Helios well and riding out the low btc value. Simple really, no point in frothing it up like the other chimps.
Argo Blockchain June ‘22
- 90% of Bitmain machines paid for
- 95% of Helios paid for
- Well positioned for Bear market conditions, quote “Balance sheet strong enough to withstand lower prices, and potentially take advantage of any increase in market share, and any downturn in the costs of machines”
- quote re upcoming expenditure, “we don’t have a ton of huge costs coming up the vast majority of our Bitmain machines and infrastructure is paid for. Intel costs coming up but flexibility available on that, we can lean in or out depending on market conditions.”
- quote re opportunities surrounding distressed assets in the market, “I don’t think it’s a secret there are miners that have over committed to orders and have put down deposits but don’t have anywhere to put those machines or don’t have the capital to pay for those machines.”
- Debt —— 1) Btc backed Galaxy loan (more details of strategy/hedging at the half yearly). 2) Nydig infrastructure loan. 3) Nydig machine loan (flexible). 4) small mortgages on Canadian properties.
- Market leading in ESG
- Tier A miner
- Low power costs in Quebec and Texas
- One of 4 company’s working with Intel. Epic building ARB bespoke miners incorporating the Intel chip.
- quote “We played it smart in 2021, we didn’t over commit.”
- Hashrate directed at TerraPool under constant review. Other Pools looked at as well.
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