RE: Could be worse - does Core have a better exit strategy?30 Oct 2022 10:39
I was a true believer in Arb, but since PW sold his shares its gone from worse to worse. This article doesn't make good reading " The biggest problem for every Bitcoin miner at the moment is the margin squeeze from low BTC prices. If you are of the opinion that Bitcoin is going lower, then I think Argo Blockchain is highly likely to be the next listed miner to take a dive. The company has a high debt burden, high costs, is selling assets for cash, has very little BTC left to sell, and has baby bonds priced at 50% of face. Even if Bitcoin rallies, there is a chance ARBK shares still go down through dilution if the company decides to raise capital through an offering. If you're long, I'd sell and move on. If you want to short it, I'd wait for a pop in price and hit the rip."
I have reconciled myself that I am likely to lose my money,..