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There’s no rational debate on here!
It’s just people like the person who started this thread saying 45p, 60p etc.; absolutely no underlying analysis - just numbers plucked out of thin air.
At 45p ARB would have a P/E ratio of less than 5. That doesn’t include any of the company’s holdings, assets, investments, or future plans (I.e. Texas).
It’s utter stupidity.
Bitfarms is on course to mine 400 BTC this month with 1.5EH. ARB is expected to have installed hashrate of 1.7EH by Oct.
If difficulty doesn’t increase significantly over the next few months then ARB could be looking at almost 500 BTC in Oct.
I think many traders use ARB as a leveraged proxy for BTC and don’t pay a great deal of attention to the number of coins being mined.
IIs, who understand crypto mining, are already buying in significantly, and more PIs will start to understand crypto mining, and consider coins mined when buying in.
I think we’ll see 250+ BTC mined in the next operational update (so 50% more revenue), but I think there will only be a very minor increase in SP.
A lot of people are expecting ETC to be mined.
But ETH 2.0 keeps being delayed - I believe current thoughts are until late-2022 - so I can see ETH being a viable option for mining until it moves to POS. ARB could then move to mining ETC and staking the ETH they’ve mined.
I’ve been saying this for weeks…
The market doesn’t realise that BTC at half ATH, but mining twice as many coins = BTC at ATH.
I think the market believes the hashrate will come online again soon and the BTC won’t increase - this is the reasonable worst case scenario. I think the opposite is more likely at the moment.
ARB is woefully undervalued.
What a comment… ARB doesn’t need people to go to Texas… you do realise that Bitcoin isn’t mined using a pick axe right?!
Bitcoin is mined using machines… fortunately these machines don’t really care if that corner of Texas is a ghost town.
Some people really do enjoy bashing ARB.
The thick and thin of it is that if BTC goes up then ARB’s share price will go up.
$14m of debt is a great idea if you think BTC is going up; what’s the point in selling 450 BTC when you could sell 100 BTC in a few months time.
Now down to 25% reduction… ARB will be mining 2x the number of BTC compared to recent months, which is convenient given that it’s price has halved. If things stay as is, ARB could have a hodl of 3000+ BTC by year end.
But… ARB’s price will still mostly follow BTC with very few investors paying attention to the number of coins mined. And people on this board will say “ARB is fairly valued when BTC = $x”.
Amazing news! Good job we have a priority supply agreement with ePIC!!
This will undoubtedly impact the expansion plans of RIOT, MARA, BITF et al.
Looking at the margins and average cost of BTC… breakeven is around $11-12k.
But, as mining difficulty is currently down 25% and like to drop another 15-20%, breakeven will be closer to $6-7k.
Good job we’re all invested in one of the (if not the) most efficient BTC miners out there.