Member Info for london_balling

Uni don't forget bitcoin has been 25%+ down from ATH this week too and we're usually a leveraged play at around x2... we've actually outperformed bitcoin and also rival miners like Mara and Riot quite significantly this week, giving me hope the fundamentals are being baked in under the radar and that we'll be handsomely rewarded when we resume bitcoin's push for 100k hopefully in the coming week....

Hey we lost 69p in a three-day weekend the week before last.... but we did 96p in two days the week before that... swings and roundabouts....

Hampsons for the meat, Philps for the pastry! ;)

I spend way too long down there. In normal times 5/6 trips a year. In-laws near Hayle. I full expect to be pelted with rotten veg from the A30 bridges the next time I venture down.

Not seen that one but heat it's good. Next Blockchain on Prime was decent. Honestly the amount of stuff I used to watch for myself in those times haha. Only three years ago but feel like a lifetime. Good luck staying awake!

It's all to do with the viscosity of the things you're smearing... the thickest should be at the bottom, the easiest to smear, the thinnest, at the bottom.... it's just science! Sorry!

I know enough to know that Philps are the most 'ansome pasties, at least!

Happy St Piran’s Day to cornishpirate88, jayblu and anyone else with interest in Cornwall! I’m a Man of Kent but I married a Cornish girl so we have cream teas tonight, though the Devon way is best for me and I will die on that hill!!

Love them or loathe them the American economy is the most important and it's wobbling around like a blancmange on a trampoline at the moment.... that's basically the reason... it filters through into everything else... as much as Argo is a bet on bitcoin, it's still an equity and as such is going to be sucked into the vortex with all the other tech stocks on days when the Nasdaq and S+P are threatening to implode.

Isn't that the end of the tax year and also easter weekend.... :o

The weirdest thing is that those numbers are genuinely different from the one I saw on there... which is no longer there now. Either way, all good.

It didn't say buy but it was at £2.33 so I'm going to assume those 440k shares were bought... but by whom... and why?

Great post. I'd go so far as to say that this will ultimately be a bigger catalyst than the initial OTC listing which helped the SP rocket for all the 'early doors' holders and even an eventual Nasdaq listing. They are steps on the ladder of the game. Texas changes the game.

Also hoping PW is currently recording his debrief video from the GM which we can maybe watch tonight... why waste time on writing an RNS when you can record a video!?

Mik what has happened to you? You've been here a long time, been through much worse than this? Have you sold out?

Good to see so Menaye new faces... give me a P... give me an I... give me an......... :)

I mean this in a nice way. Not posting in a passively aggressive way (this time ha). If there are people perplexed as to why so many of us are ecstatic at this 'DILUTION' then they really need to consider their position here. The D-word might be a no-no in your entire investing life, this company is nothing like anything else in your entire investing life. The rules are changing. We are on the clock in this bullrun, big decision have to be made very quickly, ambition is essential, it's a cutthroat game this, every day this week rival companies (or even upstarts) have thrown huge money forward in an attempt to overhaul us. We need to act. A dilution of 4% is negligible in the big picture and that's what we all need to focus on.

Hungry Hippos.... know the game? Load of marbles in the middle, they are bitcoin, the hippos are crypto mining companies... we just made our jaws so much bigger... we are going to swallow up so many coins, and so many miners too.

This would have been incredible business for us with a 25% dilution, in my opinion, looking over the next couple of years. This is the best thing we could possibly have seen today. Big old g&t tonight to celebrate.

The fact that our share price can drop by more than 4% on account of Janet Yellen sneezing or Elon Musk liking a buttcoin meme on twitter should be held in comparison to the 4% share dilution every single time it comes up. We do 4% swings in an hour, up and down. It's a cryptoplay whether people like it or not.

It can't cost money and shares. Money = shares or shares = money. It's really not a hard equation. 17.5m shares = a potential $1bn of upside (conservative figure based upon 12EH at $150k bitcoin).

Stargo everything, everywhere! Please...

Semi regular reminder for the late arrivals (still early in big picture mind) of what some of us are referencing when talking about S2F (stock to flow) and why it makes blood pump around our bodies extra fast....

Seems like a good enough day for a reminder! We’re more than on course for both the 100k and even the 288k Bitcoin models....

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12

We have actually gotten way ahead of S2F - almost 90% at one point when we hit 58k... current ST2F multiple model price is only $37,543.82... it’s all fine (so long as you’re not in it for the very short term!)

That's a hugely speculative figure to be honest and only ever based on 'the potential for'.... the basics are 200MW which is enough power to support around 6EH... in theory 800MW would mean 24EH but there's nothing to say that PW will want to commit the facility 100% to mining, in fact I personally very much doubt he will. I suspect there will be a sweet spot inbetween 6-24EH based upon the availability of rigs etc but that the space and power at Stargo (I keep calling it that, I'm going to make it stick haha) could possibly be used by other partners or for non mining purposes too. I think we are going to see more diversification in the next 18 months rather than no more.