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How did you figure that tax rate? Higher rate CGT tax is currently just 20% only if you sell for crypto but you can put your BTC into Celsius, stake and borrow the money with zero tax if you need to access?? #alwaysaway #decentralise
Brilliant find. Very interesting that Argo introduced a Kevin O’Leary and definitely signals there must be an underlying relationship there which is what we hoped to take Argo to the next level
Does anyone know what sort of monthly BTC output can we expect from Texas? If we can work this out then maybe an indicator for what the business would be worth compared with now. I appreciate this will be a rough estimate.
I have read this as not being specifically a NASDAQ application but rather to be listed for American Depositary Shares, Which will be a lot more freely accessible to US investors and without the costs involved in the OTC. I imagine the IPO will be focused on green mining and ESG to drive interest from new investors. Therefore, I would expect the aim of this will be to drive the price sharply upwards so that we qualify for NASDAQ.
It’s all good in theory - remember Argo are positioned as a blockchain company, not just a miner so I am sure PW has something up his sleeve - the tie in with Pluto etc, ETH being the crypto of choice for NFTs, all that land in Texas - there is a very exciting web of opportunities more than just BTC mining
I’m not a crypto expert but am reading this thesis I have seen on Twitter:-
https://twitter.com/squishchaos/status/1387074095007817730?s=21
Which covers a strong bull case for ETH due to a triple halving event - do we think Argo may be pivoting mining with the new ePIC machines towards ETH to diversify? The plot thickens...
Absolutely fascinating insight into NFTs and how this is well and truly the future and can see why Argo were so keen to get the stake in Pluto. Only question is that if Ether is the most popular payment method whether Argo will diversify their mining or buy/merge with an ether miner?
Just thought I would share this information as I decided to phone interactive investor to do a bed and ISA for me and my wife and somehow managed to get a sell price of £2.40 and a buyback price at £2.404 With minimal loss of shares, other than stamp duty and trading fee. Excellent service! Worth phoning if you don’t mind holding for an hour
As the number of shares in circulation have increased to 381m, 3% is now just over 11.4m shares therefore investors like Jupiter, Trium etc who originally had c9m shares won’t show as ‘major’ investors any longer. The only mystery is First Investments who had 41m shares and there is no obvious TR1. Would the company be able to buy back the shares of a major holder or them be bought directly by an incoming investor?
I have had confirmation from Primary Bid that my subscription was successful but it was capped at 150 shares due to demand.
A lot could happen with Bitcoin over the four day bank holiday weekend and then we have March results 7am on the 6th of April. There is no way you would want to be out of Argo over this period, especially with so many positive things happening.