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last posted right before the RNS... and one of the most respected voices on here. Would love to hear his views now.
Isn't it divide by 7.5315?
$15.50 open
The numbers are all wrong Rookie - you cannot compare the machines as mentioned by another poster as different hashing algorithm. Even if you assume the algorithm is comparable - the SC200 is 2.2TH, while the S19 is 110TH - so the S19 is 50x more powerful.
This deal is still very positive for Argo and shows prudent LT planning. BTC is here to stay, and this deal will in time give Argo access to purpose built and secure supply of mining ASICs - which is in very high demand atm.
Another way to get exposure to crypto indirectly is via KR1. They are a digital asset investment company and are early stage investors in many projects. Bit like a VC for crypto. The stock has run a lot lately as they were trading below NAV (they hold a lot of DOT) but I think still worth it as you are investing in the most interesting projects with seasoned experts.
Only problem is that KR1 are listed on the Aquis exchange, but you can buy the shares and put them in your ISA if you have a HL account, or Barclays too.
I've been trading crypto since investing in ARB. Not sure it's good for me to have markets available to trade 24/7! I caught the defi mania that's currently going on with UNI, AAVE, 1INCH, amongst others. I used to think just stick with BTC and ETH, but there's good opportunities with the alts. Recommend people watch ElioTrades on YouTube to learn more about the smaller projects. With over 5000 coins, it's a huge learning curve.
On a forward hash rate / market cap:
ARB is at 2.23, while RIOT is 2.15 and BTBT is 1.74. MARA is the undervalued one now at 5.25.
It makes sense to switch ARB to MARA until Argo announces further capacity increases.
Just added a few more ARB to my holding here. Expecting further upward pressure once US opens with BTC looking to attack 39k. Based off announced future hash rate capacity per market cap, ARB at £1.50 would match RIOT, and £2.50 to match BTBT.
Once you're in - HODL it!
Don't watch the BTC price too closely and trade this - the MMs will eat you for breakfast. Anything over $25k BTC is massively profitable for the company so any dips should be bought til fair value is reached here. Either the US peers need to collapse 75%, or we triple in price - so my target £1.50.
Those that can trade US stocks, I would say $MARA is worth a look now. It's somewhat undervalued now looking at the confirmed future hash rate to market cap. 10.3EH is insane from the current 0.3EH they currently have, and starting to receive new miners from this month onwards.
Jan: 736PH total
Feb: 1,133PH
March: 1,661PH
April: 1,859PH
May: 2,057PH
June: 2,255PH
July: 3,025PH
August: 5,071PH
https://finance.yahoo.com/news/bitcoin-worth-1b-leaves-coinbase-215056241.html
Very interesting read here about the movement of large amounts of coins off exchange. Price action of bitcoin these last couple weeks has been very encouraging - any dips are bought, just like today with the 9% flash drop after hitting 33k.
No problems selling shares before year end. Remember Canada tax year end is Dec 31st, not April like in UK. So I think it's got to do with that.
Also, selling ahead of bad news is a big no no - insider trading. So you can say it's likely we may get some very good news next month.