Member Info for Lolades78

Thank you for sharing. I had a look at it. Nice to see he has added a lot to Argo and sees it as very undervalued.

That is certainly one of them yes, Kev. I hope the poster gets the price quickly so they can move on.

Yep, Kev. Same ones every time.

Maybe you should at least wait until the market is open..

We have been receiving new machines since September and will continue throughout this month reaching 1.7EH fully installed by latest mid-Q4. We also have an order for 20000 new machines for Q2 2022 and more machine orders in the pipeline according to the latest operational video by Argo.

A very good start to the week by BTC. We have new machines online since September fully installed and mining away. More being delivered and installed throughout this month. Argo's defi investments continuing to grow at an impressive rate. Looking like a great Q4 ahead!

Argo have an investment in Wonderfi Technologies which has had a very good week and another growing source of value for the company. Pluto has continued to grow in value thanks to their very successful investments; several of them in mid to high 4(!)digit return return figures meaning of course Argo's 25% stake in the company has grown considerably in value. The Pluto listing is expected shortly.

The return of the defi investments will allow Argo to grow further without needing dilution or a fundraise.

There are a lot of positives moving ahead, and I believe we will have a very successful Q4. New machines have been delivered and have come online since September. They will continue to be delivered and installed throughout this month reaching 1.7EH. More rig orders are also on the way according to the last operational video which as previous stated could be fully funded through the investments Argo have made. There is of course also the option of leasing rigs which Argo have done very successful, and which have paid for themselves, to further add to the hashrate. Along with the ePIC machines which I believe we will hear more about shortly.

Have a good weekend everyone!

MacF1,

It was also released on Twitter:

https://twitter.com/ArgoBlockchain/status/1445993318966517761?t=aVYiCGwf5LjQsH1U6ota1Q&s=19

Macf1,

Here is the RNS video explaining everything.

https://youtu.be/eQQgTQ56kFE

Also as others have pointed out we increased our HODL by 177 BTC or equivalent for September. So all in all a very good update!

The video was so good! So many things coming. Now we know the 20000 new rigs will be used in the immersion facility which will boost the power by 40-50% and more rig orders are on the way!

Also new machines already online from last week!

1836 BTC hodl is very good. With new machines coming online throughout this month we should see a big increase in mining so end of year hodl will be very good indeed.

Eddietheseagal, it's sarcasm.

And misterbeck's inability to understand IPOs.

This is most definitely parabolic ha

https://twitter.com/PeterGWall/status/1445736622591393795?t=G6bVj0W73ZmWp4b4sXs5yA&s=19

Sun looking rather lovely in Texas

Speel. Really?

It clearly states that the directors bought 5.6 million shares at the IPO price. It is there in black and white. As well as having options to buy 5.5 million more at £1.57 which is higher than the SP and no discount. Wait for the next financial update which will show the exact tally for each director.

PW also sold at 29.5p before the big run up over £3. I don't hear you complain about that? Also fail to mention that he doubled his shareholding with his last sale.

When PW says 'quarters and years' it's more about having a company that would be resistant to future market downturns, IMO, and remain able to continue without a large loss in value during them. Hence the diversification with defi investments and building out of Texas which gives many more opportunities to keep value for shareholders. Like all companies there are growing pains to get to that stage.

Mara, for example, who solely have their machines hosted with other companies, would be decimated in a market downturn as would many 'miners'. Argo are building something beyond that which would stand for 'quarters and years' in many different market conditions.

Hopegreednothing.

Pluto have made very large returns from investments made this year. They have also very active on twitter with projects they are involved in.

The NAV is well in excess of Argo's buys so they are already sitting on a good return of their investments.

Also see the Pluto website for more information regarding their plans. And 600Thieves had a good post on it this morning.

https://plutodigital.com/

Argo also have 2 other defi investments.

Sahilsaid, show me one miner who hasn't diluted this year.

The difference with Argo is that if we get a big return on the defi investments, which is looking very likely, it will completely pay for future development of Texas and all machines needed which will be seen as one hell of a move and firmly place Argo as one of the leaders in this space. No ramping needed.