Member Info for Sharequests

Hexam, was going off this, which may be out of date-

Rank

Miner

Estimated Annual BTC Mined

1

CleanSpark

~7,800 BTC/year

2

Riot Platforms

~6,000 BTC/year

3

Bitfarms

~5,000 BTC/year

4

Hive Blockchain

~3,000 BTC/year

5

Marathon Digital (MARA)

~940 BTC/year

I had mentioned MARA, purely down to them not being the top dog. As they were sitting at 5th, it would be a good target point as they have much to gain, plus the capital to buy.

They would be the biggest Coy I’d imagine buying into an experimental product, it may well be one of the smaller ones, but with the phrasing of 1000s of boards, it is a realistic possibility of being them!

They legally have to announce them as they get them. May all come together, but not by choice!

Scott- Im sure it was 1.6 times it did, or 160% of norm, which is 60% increase as per my post earlier.

Just for fun to see where this could potentially go, if we assess the top miners and choose the 5th one for example- MARA, as they would most likely want to try to compete with the top miners and overcome some of the enhanced hardware capabilities of bitmain and the others, Would it be on a revenue increase share of profits?

MARA do approx 35000 btc a year. If we can increase that by 1.6 times we increase their wins by 21000 coins. I would want at least 10% of that as my revenue share if they were using my software, but no idea what fair usage would really be.

Gives MARA an extra $2.5bn a year, with an assumed after energy usage and capex of approx 50%. QBT at just 10% would gain in region of £110m a year.

Does this seem like reasonable assumptions? Would give a share price in the region of 50p-70p depending on market view towards it continuing and gaining other contracts.....

Sold too early on ARB, not selling a percentage until 20p. When contracts are signed and announced for full integration with even one named firm, I recon it could fly to that region. Still only means 300m mcap so not even breaking into big AI territory.

Hopefully gives an idea of whatever results have been seen for the holes coming up. Happy to sustain this type of rise daily until the end of the month. Would be a very cheery 2.07p for the 30th :)

Well that explains the stagnant share price. How can they have completed all this 10 days ago, and only now getting round to announcing it??? Should feel derisked to some now with a placing out the way for H2 of this year, with a strong buy from a director. Maybe even get above 1.2p 😂

I am quite surprised it hasn't started rising throughout as results come in, before the sell off after final result. Would have expected it to be touching 3-4p on final results then settle somewhere below while people anticipate funding needs. Hopefully get some good results this week to get more interest in. Only had 5 trades so far today!

Nice link, so 10-14 days for the piling and concreting to be finished, then plant construction after that!

Glencore come in, pay for mining upgrades and fixing the infra, buy out canmax and take 51% of zulu in return, we hit 1p................. Can only dream

Makes no sense to me either. The whole sell the news thing has always baffled me. I can see this towards 10p by end of July imho. I’m holding until 20th July as I’ll be putting everything I can into GST for their earnings.

Plenty of volume today, which shows the interest there is here. 540m shares around and 50m traded so far. 10% changing hands should allow for some consolidation and good moves tomorrow and hopefully into next week!

Its already viable. I think some are just selling out on the news, waiting for a retrace before buying back in. After all cores returned it should be up a good amount, depending on results it could be anything between 4p and 10p. Then they will need financing of some sort to set up a mine.

Certainly seems like a thick and veiny one to me!

Not really read up on GGP much, as they seem like there's always a problem, but people have referenced the comparison here several times. If we announce the levels are similar to what we have already seen on the first 2 cores, is it likely we could jump to those levels, as we will have a better resource? I can see that they don't appear to be mining yet either!

Doesn’t bode well if they’re bailing. Surely they’d know if there was something coming soon?

Might be worth a couple hundred on a bet though!!!

Why would you buy shares at this point though? Surely its looking like closure of the business?

I’m strongly of the opinion that GRs replacement will have previously worked at Glencore. If part of their agreement with the LOI going further is to have a more competent person at the helm, why wouldn’t they put a trusted ex-employee in charge? Very hopeful that this will be something announced prior to AGM and allow some type of vote of confidence in that choice.