The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So Valkyrie are making Arb their joint top fund investment. I think they may have done a certain amount of research but hey maybe their wrong and some of the people on this board are right.
https://valkyrie-funds.com/wp-content/uploads/2022/01/Valkyrie-WGMI-Factsheet-2022.pdf
https://alternative.me/crypto/fear-and-greed-index/
Last month. 10
Last week. 20
Yesterday. 37
Today. 45
https://www.reuters.com/technology/teslas-bitcoin-holdings-worth-nearly-2-bln-filing-2022-02-07/
Hodl worth $2bn , only half a billion up !
Your sounding desperate Chaebol.
Fact that Ercot has struggled is exactly why miners having flexible power is so useful to them. Miners unlike other industries can switch off within a few minutes notice. They provide demand when the power is not needed elsewhere allowing power companies more stable demand cutting overall costs for users.
Power usage even if green has been a difficult one for miners to defend but now in areas with excess / wasted power it is a benefit.
Ercot / The Texas Governor and an increasing number of US politicians get it even if you don’t.
https://twitter.com/cnbc/status/1489328084020981760?s=21
Interesting tv news article on Texas miners shutting down and helping the grid during recent snow storm in Texas.
Good publicity for Texas miners and showing how they are helping the state electricity company.
https://finance.yahoo.com/news/sphere-3d-gryphon-secure-largest-110000549.html
https://www.businesswire.com/news/home/20220120005306/en/Core-Scientific-to-Begin-Trading-on-Nasdaq
So Sphere will be using core scientific to host all their miners. From the second article looks like CS only use approx 50% renewables and are only carbon neutral due to offset payments.
Had been wondering if they needed a site for their machines in Texas !
Can’t see anything in the Sphere announcement as to where the mining operations will be located.
They say they will use renewable power but will that power be in competition with other local users/industries. Will they be a flexible miner using otherwise wasted power. Given size of the purchases would have expected announcement that they have purchased a Helios + site or some details as to where the miners will be located.
Think the green arguments around BTC mining are changing
A year ago BTC mining’s not green
6 months ago ok it’s getting greener but using up the power of a small country
Now ok it’s green in the US and the flexible power it uses is helping the state power generators.
BTC mining helps viability of renewable power in remote areas not close to a ready power demand whet a lot of power is wasted.
Lot of politicians arguing for mining inc the Governor of Texas.
Haven’t seen anything yet.
Wonder if 10% is a reflection of our green credentials being attractive to investors.
Fund is intending to have a climate positive portfolio with emphasis on renewable energy.
https://valkyrie-funds.com/wp-content/uploads/2022/01/Valkyrie-WGMI-Factsheet-2022.pdf
If approved 10% of the fund will be invested in Arb !
https://techcrunch.com/2022/01/31/india-proposes-30-tax-on-crypto-and-nfts-income/
So basically they have now legalized crypto rather than looking to ban it.
https://cointelegraph.com/news/fidelity-bitcoin-is-a-superior-form-of-money