Member Info for Wmsjames

£27k buy just gone through and no movement in SP, this is crazy

HI

No idea to be honest, you would imagine GPU are making around 10-15% , but im guessing.

James

Morning Trigger

Peter was asked what his 3 year plan was and i am pretty certain he said , at least 100mw in next three years and to be the largest listed plc in the world .

Reference the data centres, we think as a group that the cost would be around £6m with £4m being taken from the deposit they have with gpu and £1m from the loan note and a bit from the cash reserves, but again, this only our educated guess. Peter didnt confirm or deny, but seemed very bullish on the potential cost saving from the acquisition.

Peter did seem to understand the financial weaknesses of our competitors , my personal opinion is that bitfarm will struggle to survive if btc doesn’t increase materially very soon .

Records keep getting broken

https://www.coindesk.com/grayscale-announces-best-ever-quarter-with-over-1b-raised?amp=1&__twitter_impression=true

I echo previous posts, the UK Market doesnt get how undervalued ARGO is , but the possibility of a bull run in btc, negative interest rates and any kind of dual listing and this share will fly.

Was lucky enough to take part in a call last night with Peter Wall, it seems there are some exciting things in the pipeline, he didnt reveal much, but he seemed very positive about the next 8 weeks.. I have a lot of time for Peter, so i dont think he was giving us lip service .

Also as a group we have been investigating further the possible GPU deal. It does appear that there could be scope to take on other miners machines and expand capacity 3 fold, but again this is only our research and Peter couldnt comment on our findings..

But the future looks good..

Great work Arkonite

PNK50 - I will be very happy with $12,500 on Monday morning.

Great post torham ..

Dan i agree on RTO - pretty certain of it

Sadly i think the SP is going to continue to drift, someone called 3p a few weeks ago and they were right.

I dont like the BOD here, buts that only my opinion , i invested due to the assets they held.

Hopefully news soon

https://www.google.co.uk/amp/s/uk.sports.yahoo.com/amphtml/news/microstrategy-ceo-says-publicly-traded-130212344.html

I would be happy with anything above $15,000 at the end of the year, my knowledge on btc price is not very good, so have no idea if this is a reasonable or outrageous prediction.

great story thanks for sharing..

Justeat france now take bitcoin - https://decrypt.co/41059/just-eat-now-accepting-bitcoin-payments-in-france

Poptimist - General Overheads are down to £165k a month, the biggest variance for me is depreciation, i had a difference of £700,000, but once i re worked my spreadsheet it out my £200k.

Everyone is entitled to their opinion, but i am happy with the H1 figures, especially the EBIDTA figure.

Lets hope for a good day..

Hi Revoy

My personal sp target by the end of the year is 15p .. I think this month will be a big news months

What a week for ARGO and BTC.

August update was amazing 44% margin, which is just incredible. I guessed 45%, but I hadn’t considered the change in the dollar rate, so 44% is brilliant.

Broker – Finncap are a great appointment, very good firm of brokers, I have done some research on them and they have a lot of experience with young companies , support them with II’s, cheap access to funding and high value investors. I think this is a great appointment. Some investors might be concerned about placing, but I don’t see this happening at these prices, it would make no sense.

I posted on Monday (31st August) that I was expecting a big month for argo and bitcoin, argo delivered and I am expecting the interims in the next couple of weeks, which I expect to be more detailed than the interims last year, a lot of LTH’s are expecting administration costs to be materially lower. BTC on the other hand started crashing on Wednesday and kept going, we all need to remember we are not invested directly into btc and zcash, we are invested in a super-efficient miner who don’t need to sell their btc daily or indeed weekly, we have cash in the bank and time on our side for btc price to recover.

BTC is expected to drop to $9,600, so Monday open could be very red, Friday open was also very red and I know of a few people who tried for hours to get their buys in.

Good luck all

Nice £18k buy

03 September 2020



Argo Blockchain PLC

('Argo' or 'The Company')

August Operational Update



Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide the following operational update for August 2020.

During the month of August, Argo mined 166 Bitcoin or Bitcoin Equivalent (BTC) compared to 165 Bitcoin Equivalent in July. This takes the total amount of BTC mined year-to-date to 2,001 BTC.

The number of coins mined in August compared to July can be attributed to the minor fluctuations in mining difficulty throughout August. Argo continues to mine at the most cost-efficient mining settings and is pleased with the overall mining performance given market conditions.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in August amounted to £1.49 million (July 2020: £1.25 million). Argo generated this income at an average monthly mining margin of approximately 44% for the month of August (July 2020: 34%).

At the end of August, the company held 183 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy.

This month, Argo also claimed 100,000 Polkadot (DOT) which were purchased in Q1 2019 as part of Argo's research and innovation work into hybrid consensus mechanism blockchain projects. Polkadot is designed to enable interoperability among different blockchains, which could enable new use cases for blockchain and cryptocurrency. DOT is now trading at $5.92 and the Company is pleased with the growth of this asset to date. Argo's management team believes that projects like Polkadot will play an important role in shaping the blockchain ecosystem and advancing cryptocurrency mass adoption.

Argo's total mining capacity stands at 18,000 machines and 730 Petahash in addition to 280 Megasols of equihash mining capacity.

Peter Wall, Chief Executive of Argo, said: "We are delighted with the continued strong performance of Bitcoin throughout August as the price remains over US$11,000. This increase in value has positively impacted our mining margin and enabled Argo to remain one of the most competitive efficient publicly listed miners globally."