Member Info for Triggerboy

Bananaman.....you raise a key point we have a market cap of £20m (most of the time), hopefully October’s RNS should show revenues of $2m for the month so nothing else changing our revenues for a full year are ahead of the market cap.

The most important point though we are making profits H1 EBIDTA was £3.6m. Each increase in BTC or zcash means our profit increase.

Argo bull... that message must have just gone to current investors, I was mulling over putting some funds into XBT via my missus’s SIPP but held off as read something about ETF’s coming out in the new year. Your absolutely right if you want a tax free exposure to crypto in the UK your only real option is ARB.

Bill.... totally agree, dividend is years away, anyone looking for that needs to go look on the FTSE. This is effectively like a start up and every bit of profit needs to be reinvested into expansion or reducing costs. There will come a day value can be returned to the shareholder (other than the buy SP increase). After all amazon still not paid a dividend and people still investing.

Any decision on the next stimulus package is going to get held up until after the election. Last time significant numbers of US citizens spent it on crypto and considering the price now compared to last time they will be showing healthy profits. So my guess the next payments will be spent exactly the same.

https://seekingalpha.com/amp/news/3626539-blockchain-stocks-rising-bitcoin-continues-climb

US investors read this and look at performance of the likes of MARA and HIVE and invest and drive the market cap up especially when you see the news about JP Morgan setting up a block chain division that further reinforces the adoption of crypto as a store of value.

If we were listed in the US you could do a direct comparison with the the likes of MARA and realise currently they are way behind us and a market cap four times bigger !

You know what....i’ll take 4% up every day for the next few months ! Think in the short term BTC is going to continue rising and will help move our SP forward. Just look at the number on this board and the volume of trades it tells you people are waking up.

We just need a solid RNS next week that underlines the foundations of the business and people will move. I suspect 10% next Thursday if nothing else changes and if PW can add in some news, who knows what will happen.

This move up is long overdue....think BTC is going to keep moving up this side of Xmas as got the US elections and the potential additional stimulus package in the US. I think some of us have been waiting for cthis period for a long time. Really looking forward to next thursdays update.

ThinK that’s old as thought bixby was out but don’t remember TR1 ?

Just looked and got close to 12.4k last night

If memory serves me I think the energy agreement would allow 1300 ph so a lot of head room for expansion, my query around the data centres was if enough capacity to accommodate our future expansion plus provide the service for other miners to provide another revenue stream ?

Cheers arkonite....was trying to understand if the data centres could accomodate a lot more capacity ?

Does anyone know what percentage of the capacity ARB use of the 2 data centres looking at buying ? Just wondering what spare capacity they would offer as we know still got a lot of capacity on the potential power agreement.

agree HODL figure needs to increase and hopefully we will be able to do this month as margin must reach 60% ?? Therefore, if nothing else happening we should have increased revenues.

But on the flip side if we don’t get more rigs our PH will start to effectively go backwards as more miners increase.

Bill...Good summary of the current situation, you would hope people would look at the half year EBIDTA and reach the right conclusion but seems to pass them by. For most the very mention of crypto scares them to death.

Billfunk...totally agree dual listing is the only way to go as the US investor is far more bullish around crypto.

As for PE, we’ll be less than 2 but closer to 1 on the full year is my guess so on a PE of 10 (conservative) we will easily be well above where are now.

Generally the real movement comes when the US wakes up around 1pm our time, not sure if it will take up where it left of yesterday as the PayPal news was clearly at catalyst.

As for the day traders we are going to continue to see a sell off at every milestone unless we get a double digit growth day, like yesterday. I think a lot will have gone when we first broke 6p then a lot will have sold as we approached 7p. Frustrating but it’s turned into a trader share in the last 4 months.

I think October’s RNS and any news from BOD on strategy are the catalyst for us getting over 10p barrier.

Anyone noticed the RNS at GILD this morning ? Derek is a non executive director over there and got himself a nice 1.5m shares this morning.

Testing $13k again, hopefully we will see it broken very shortly and we will see revenues well above £2m a month and margins approaching 60%. Actually looking forward to October’s monthly update.

We just hit the top 5 board...that always helps getting new investors taking a look.

Clearly I wasn’t the only one who taken there eye of the ball with blu. Wish I’d had a top up this morning rather just pondering why it wasn’t higher.