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BTC recovery with give a boost today.

This is a stock to hold for a minimum of 2 years. I expect BTC to significantly rise before Xmas as news of its wider adoption come through. This will trail ARB with it and by then ARB has already installed the 7000 new machines leading to increasing cash pile.

We are also sensitive to BTC fluctuations. So things with stabilise soon.

This stock has a habit to retrace before taking the next leg up. As soon as we get the update we will be off to new highs.

Woodaldo - Great logic - One would add the extra income coming from ARB mining for other which could significantly increase in the future:
"We’ll mine for you - If you are an institutional investor looking to hold specific coins but do not want to procure via exchanges, Argo can provide you mining power and infrastructure."
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hTtps://argoblockchain.com/about-us/direct-mining/

This is and has always been a matter and a question of focus: Do we look at the long term or just the daily blips and weekly fluctuations ? I remember when VRS was struggling around 10 - 15p with all the gloomer and doomers circling around it for weeks then for months. Out of the blue it crossed 50p, then went all theway up to 185p within a year. We are in the same situation with ARB making already a decent profit. So imagine one buys loads and forgets till say Xmas period just to check the progress. This is how it should be once one understood the prospects of a company. We are in a situation where Bitcoin is becoming a de-facto in everyday life and where many risks are threatening the world economy (with consumers, oil, and basically all industries affected). So where to get invested for the long term if not in cryptos and PM ? It doesn't need a drawing to understand and even predict the future of Bitcoin, to which ARB is tightly linked. So buy and forget for a while, you will be pleasantly surprised in one year or two.

A very healthy retrace today to spring towards 20p next leg up (I feel after the next update).
I don't like stocks that rise in a vertical direction.

To clarify: They have ordered 7000 machines to be delivered by Q4. They expanded their power capabilities ton handle up to 15000 machines.
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" As part of the Company's previously announced expansion, an additional 7,000 state-of-the-art mining machines will be delivered and in production by the end of Q4 2019. The delivery and installation schedule of the new equipment is expected to result in a sequential month-on-month rise in Argo's production capacity over the next five months to approximately 500 Petahash by the end of Q4, representing a 296% increase over current capacity."
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The addition of 50 megawatts of power will allow the Company to run up to 15,000 more mining machines concurrently, taking its total Bitcoin (BTC) mining capacity from 505 petahash (PH), as announced on July 4th, to 1.36 exahash (EH), which would currently make Argo the largest publicly listed crypto miner in the world.------------------------------------------

hTtps://medium.com/@hcburger1/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

More people accumulating Bitcoin.
hTtps://decrypt.co/8921/number-bitcoin-addresses-bitcoins-reaches

This is what I like from their July update, when the generated £1.4 million with a 80% margin: "Argo Executive Chair Mike Edwards said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."
"By the end of the fourth 2019 quarter, another 7,000 state-of-the-art mining machines are to be delivered and commence production. Argo's production capacity for the next five months will almost treble as a result of this to 500 Petahash by fourth quarter end." - So the real action will start towards year end and throughout next year.

The growth will be for the next 3/4 years as crypto is becoming a de-facto - as soon as investors realise the world economies are stalling. I refer to China/The US escalation, Argentina/Venezuela/Iran crisis, Brexit and Europe stagnating via Germany and Italy with France just holding its head above water. So What will be left to invest in ? Gold and Cryptos which will become the new "cyber-gold".

Decent buying activity started at the last hours of trading.
Update coming tomorrow ?

Agree the break-even price is below $3000. Any BTC value above is profit for ARB.
Can one imagine what will be the profit if BTC reaches $20k - $50k ?

DShox - Agree - I also noticed that in the morning, the SP starts drops in the hope there will be sellers in order to pick them cheap. Then in the afternoon, when the buyers arrive, the SP rises.

IMO the next update will demonstrate the importance and the real potential of this company. I also think that due to the quality of their engineers, they will use of their platform and software for wider applications that will bring in a steady additional income. I am very impressed with the board as they are very well focused on strategies well in advance. One example is the launch of these 7000 extra machines for efficiency before Bitcoin halves. I think the management are ahead of many events. This gives me more confidence than anything else to invest on ARB for the long term.

With the US markets at all time highs, the crisis between China and the US, Brexit and the very weak European economies (Germany/Italy) and the Argentinian financial crisis, the only safety is gold and Bitcoin to where ARB is tightly connected.
This is the best place where to invest.
Then, once the new machines are in full gear, the generated bigger profit will show that ARB is undervalued leading to SP sharp adjustment.

IMO those who are attracted to sell now will unfortunately have to buy back at a higher price in the next few weeks. If it hits 20p following a good update due this week,it will be very difficult to buy back at 11p anymore. Thus why one has to stay put with this share and check it out around Xmas period. It is not always we hit the jackpot. I think we bumped into something particular and special this time. Only those patient enough will get the most of it.

That was their last July 2019 update:
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Argo Blockchain PLC

('Argo' or 'the Company')
July 2019 Operational Update
Argo, a UK-based provider of enterprise-scale crypto mining services, is pleased to provide the following trading update for July 2019:
The Company generated 163 Bitcoins (BTC), or £1.36m of cryptoassets, in July based on a BTC price of US$10,122 as of 31 July 2019. The assets were mined at a mining margin of roughly 80%. Argo considers that this continues to demonstrate the Company's efficiency and cements its belief that it is one of the most efficient crypto miners in the market;



· Installation of new mining equipment continues apace with 1,000 Z11 and 2,269 S17 Antminers currently in production at Argo's Quebec facilities, which were installed and mining ahead of the Company's original schedule;



· As part of the Company's previously announced expansion, an additional 7,000 state-of-the-art mining machines will be delivered and in production by the end of Q4 2019. The delivery and installation schedule of the new equipment is expected to result in a sequential month-on-month rise in Argo's production capacity over the next five months to approximately 500 Petahash by the end of Q4, representing a 296% increase over current capacity.



Mike Edwards, executive chairman of Argo, said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."

Smart allocation
Argo has allocated its resources in search of adaptable and highly efficient data centres. The combination of inexpensive hydro power from Quebec, and leading-edge equipment, has allowed Argo to continue to be profitable, even throughout cryptocurrency downtimes, like the crypto winter of 2018.