RE: Spot Bitcoin ETF issuers file amended S-1 applications — Now await SEC approval8 Jan 2024 17:00
Interesting watch over at ARB.. placing at 20p causing dilution.
We've had similar here but difference being we're set until revenue. As confirmed by Fg. So no more placings expected.. however No guarantee ARb would have have further dilution..
Also on the dilution as Fg says revenue generation will outweigh any short term effects of dilution.
“We predict revenue will be generated either by charging subscription fees for each mining rig served, or by sharing the extra mined bitcoins, as a result of the miner using QBT’s technology, or a combination of the two.
“We therefore believe that this opportunity significantly outweighs any short-term effect caused by the additional shareholder dilution.” - FG
And options have not changed from 5p and 10p targets.. so looks like they expecting revenue generation is going to be big. And as fg said in promo video only hurdle left is setting up the servers next to the miners in North America.