Member Info for LongInvestor

Hmm, doesn't giving an interim CEO a £45.3million golden handshake (1,973,892 shares) seem rather excessive considering the state of the company? Can't remember seeing that "seperation agreement" mentioned in previous RNS's?

"Not sure if it's the case with other brokers but I have a SIPP and ISA with HL and I hold US miners in both"

Chuz, yep, all of mine do too... My comment (and question to my broker) was about holding one or more of the *new* spot ETFs inside your ISA, so in effect holding almost pure BTC. If it turns out to be possible, people will move money away from miners (and MSTR) into one of them IMHO.

"If you would like tax free exposure to Bitcoin in an ISA you could buy Micro Strategy shares imho"

There is a risk over and above BTC with MSTR, in that they could dilute at the wrong time (for you) and also money moves out of MSTR into the Spot ETFs, both of which could affect your position in MSTR over and above BTC price changes.

However, if the ETF's are not ISA-able, then I agree MSTR is a good '2nd best' position after everything settles.

So, with the ETF news imminent, how are you positioned? Fully loaded? Dry powder waiting? Sell the news?

Me, I've liquidated some of my miner positions and banked some profit over the last few trading sessions. I was previously fully loaded (MARA, WULF, CLSK, BITF, HIVE, HUT, MIGI, DAGB & ARB) and wanted to de-risk and maximise any swings.

I've also contacted my broker to enquire if the ETFs were to be approved, will they be adding them and am I able to add them into my ISA? - They replied essentially saying they don't yet know if they will be ISA-able as their was too much ambuiguity and to contact them once approval was announced.

That did remind me thou, if they are ISA-able, I would probably put a good percentage of my "Crypto allocation" in my portfolio into a ETF.... and suspect others will too, so think there will be short term dips in the miners over the next week, especially as the talk is the delay between announcement and availability would probably be just days rather than weeks!

How are you positioned? Sell the news or big jump for BTC? Miners?

P.s. Yes, I still have positions in most of the above listed miners, just not as much as I had previously.

This article appears to sum up the reasons for today’s movements across the market.

https://www.reuters.com/markets/us/wall-st-looks-set-subdued-start-2024-apple-dips-2024-01-02/

I was surprised by the movements of the US miners, however, if you look at their charts, they all have a very similar pattern, so for me, it wasn’t related to the ETF, more across the market sell off.

The charts of META, NFLX & AMZN all look similar to the miners and S&P, Nasdaq are both down.

"So let's just throw caution to the wind and buy on 'Hype'.

That must be how the rich got rich ;-)"

HH, there are plenty of people that get rich 'Trading' on hype, you only have to look at the Meme Coins to see (someone last week posting $10m gain with BonkCoin in X)

I'd suggest ARB is okay for high risk trading but for a 'Investment' grade stock, 100% look elsewhere due to the fundamentals and bleak outlook.

"As I know mara is not on UK so you pay tax on gain.

That's why I stick with argo"

If you hold MARA (or any other US based stock) in a Stocks & Shares ISA, you pay 0% capital gains tax!

"Cheers - I already have a normal s&s account with T212"

They now have ISA accounts too!

"Just deciding between Interactive Investor or HL or AJ Bell for the next S&S ISA to get MARA.. looking like II as they have much lower fees"

I've twice had an account with Interactive Investor and moved away from them twice.... (2nd time move ISA to T212) - I didn't like their customer service and prices are not that cheap (especially when you add in the 'hidden' FX fees and monthly charges)

Www . trading212 . com / invite/16bidA0dM1

trading212 has mara and most of the others, no fees and spreads not bad (i use them for trading and was so impressed, moved more funds to them).

join trading 212 with my link, and we will both get upto £100 in free shares.

https://www.**************/invite/16bida0dm1

TeraWulf Reports Fully Funded 7.9 EH/s and Future Expansion Plans

https://ir.stockpr.com/terawulf/sec-filings-email/content/0001083301-23-000066/terawulfincpressrelease1.htm

All 18,500 S19j XP miners will now be used for self mining operations (Previously was mix of self and hosted).

Having previously watching WULF go up at the start of trading, then tail off, I sold half my holding, waiting for it to drop…. And it never did… I ended up averaging back in as I still think there is room to run (I’m looking at £4+ to exit)

So, my question to those that have been here a while, what’s your target prices for say Feb 2024 on:

MARA

MIGI

WULF

BITF

HUT

ARB

Others?

MNS, if your ISA provider doesn’t have the US miners available, you should ask to get them added or move providers. I have most of US miners available in three different S&S ISA providers!

"I haven't seen anything mentioned about MIGI regaining NASDAQ compliance anywhere other than here, not even stocktwits. It took about 10 calendar days for Argo to be given official confirmation, no idea what the process is though."

How does a company regain compliance with the minimum bid price requirement?

In order to regain compliance with the minimum bid price requirement, a security must have a closing bid price of $1.00 or more for 10 consecutive business days. Although an automated computer system tracks each company's bid price on a daily basis, it is suggested that the company contact its Listing Qualifications Analyst via xxx or by phone at xxx when it believes compliance has been achieved.

Nasdaq will provide all compliance determinations, in writing, to the company. Under certain circumstances, to ensure that the company can sustain long-term compliance, Nasdaq may require the closing bid price to equal or to exceed the $1.00 minimum bid price requirement for more than 10 consecutive business days before determining that a company complies.

In determining whether to look beyond the 10 days, Nasdaq will consider, but is not limited to, the following factors:

◦ Margin of compliance (the amount by which the price is above the $1.00 minimum standard);

◦ Trading volume (a lack of trading volume may indicate a lack of bona fide market interest in the security at the posted bid price);

◦ The market maker montage (e.g., if only one of eight market makers is quoting at or above the minimum bid price and the quote is only for 100 shares, then added scrutiny may be appropriate); and

◦ The trend of the stock price (is it moving up or down?).

Source: https://listingcenter.nasdaq.com/Material_Search.aspx

"Mara is totally smashing it, the $20 resistance that defeated us in July torn through like it was nothing!"

Assuming BTC plays nicely, there doesn't seem to be any resistance now up to $30-32 from here, so nice 40% profit available. 7 trading days left in 2023, could we get there?

"Conference call in 30 minutes"

Anything interesting said on the call?

"...the expansion opportunities at these sites substantially increase Marathon’s Bitcoin mining pipeline and provide the Company with the potential to double its current operational hash rate to approximately 50 exahashes of total operating capacity over the next 18-24 months."

Marathon Digital Holdings Enters Definitive Agreement To Acquire Multiple Bitcoin Mining Sites for $179 Million

https://ir.mara.com/news-events/press-releases/detail/1335/marathon-digital-holdings-enters-definitive-agreement-to

"As I said, going to be interesting to watch and hopefully everyone at least knows the tightrope they are walking if they throw a lot of money at it."

I agree, ARB has opportunities for trading, short term, but I expect them to do a raise, maybe Jan/Feb before the halving, depending on what happens with BTC... The SP will collapse but they may then survive long enough for the new CEO to get his bonus (he just needs a year).

I have spread my risk across multiple miners; WULF, MARA, BITF, CLSK, RIOT, HIVE, HUT, MIGI and smaller amounts in MSTR and DAGB. I only have a 'token' holding of 500 shares in ARB running at 82% loss, to remind me when I look at my portfolio not to put more money in here.