Member Info for zatcha1980

Im going with Miton and Hadron whom i believe are selling but rather wait for TR1 to confirm.

Buys below mid. Im hoping TR! before Q3 Results are out.

Im pretty sure they will have the machines in by year end but mining early next year. Hopefully all will be revealed in next update.

Thank you for your recent questions on Argo. We value your interest and support as a shareholder.

As you are probably aware, we will be providing an operational update in early October, which we hope will go some way to answering your questions. Meanwhile, we can also confirm:

The Company remains on track to broadly double its current installed base (6,000 machines as of our announcement of 19 Sept) by the end of this year. We have not provided a specific date as to when these machines will go into production but as previously announced, these will be brought on stream in batches as they are delivered from our suppliers and then undergo internal testing. We will continue to provide periodic updates as appropriate.

As per our announcement of 20th August 2019, we have signed a 64MW electricity supply agreement that will provide sufficient capacity for Argo to potentially become the largest publicly listed miner by 2020. Our longer-term ambitions obviously go beyond that but we have not stated a specific goal as yet as we wish to manage expectations prudently.

Our excellent mining efficiency is a function of many factors including:
• highly competitive rates at which we procure electricity under long-term contracts
• a low operating cost base
• our expertise in configuring and running our hardware infrastructure in a way that optimizes returns from mining
• maintaining up-to-date and advanced data centres
• a team of experts in the crypto industry making timely hardware decisions

The machines that we have brought online, and continue to bring online in 2019, are performing very well and we expect them to continue to do so for a significant period of time. Please also be assured that we will continue to evaluate any new technology advances and the launch of new mining gear from Bitmain and other manufacturers to maintain our competitive edge.

Yours sincerely,

The Argo Team

yup, but its upto the seller when to declare their position even though they should be doing it straightaway as per AIM Rule

Seems to be moving freely now. Seller cleared?

so we've had 3 X 1M printed since last holding RNS. Must be close getting rid of Miton and Hadron.

https://twitter.com/AntMwah/status/1178380457475547136?s=19

Dont you all think its time Andrew tells us when company will relist?

I Agree, the data provided i took from the latest Results for each Company.

ARB
Mining: BTC
210 PH/S > 500 PH/S > 1.36 EH
15 MW > 64MW
Average Production Cost per bitcoin in USD ($2000)

Market Cap = £23m (294m shares in issue)
No Debt
Cash 0 as invested in new Machines
Currently Profitable > Next Results watch this space

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Hive
Mining BTC, ETH
300 PH/S
24 MW
Average Production Cost per bitcoin in USD (Unknown)

Market Cap: £42m (327.05m Shares in Issue)
Loans/Debt $2.7m
Cash $6.3m
$36m Loss

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Bitfarms
Mining: BTC, LTC
520 PH/S
41.4 MW
Average Production Cost per bitcoin in USD ($2259)

Market Cap: £42m
Debt facility $20m
Cash Unknown
$1.3m Loss

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Hut 8
Mining: BTC
963 PH/S
109 MW
Average Production Cost per bitcoin in USD ($2757)

Market Cap: £119m (193.27M Shares in Issue)
Debt $29m
Cash $6m
$28m Profit

They have Z11 and the rest S17's machines. So they are not Old at all.

S17e is out so the current machines S17 can be flashed the bios to get the same output ratio and efficiency Ratio as S17e

Piers = Hive and Hut 8 and Bitfarm

ARB = Market Cap = £23m (294m shares in issue)

Hive = Market Cap: £42,161,913 (327.05m Shares in Issue) Q3 Net Loss $36.4m - Cash $6.3m

Hut 8 = Market Cap: £118,869,513.30 (193.27M Shares in Issue) Q2 Profit $28m - Cash - $6m

Bitfarm = Market CAp: £42,278,332 Current Operation 41.4MW / 520 PH/s (4 cents) Q2 Net Loss $1.3m - Cash - Unknown

ARB saying

1. We have most efficent machines
2. Electricity (3-5 cents)
4. Optimization
5. Capital Structure and overhead costs Efficient

Upgrading all the time and want to be in position that if a better more efficent machine comes out we can secure those quickly.

S17 triple A Grade - Secured all available from Bitmain
T17 double A Grade - to complete the remainder of Order.

12000 Machines come in Q4

In the morning hopefully

The 5000 S17's machines ordered due to be delivered in November is the Antminer S17-53TH/s as for 5000 machines costing 13.09 million USD works out $2,618 per machine.

Antminer S17-53TH/s cost $2107 plus vat and duty $2688 ish

These are rough calculations (Revenue based) at $9700

6000 Machines

T17 (38TH/s) = $237.26 x 1000 = $237,260
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $1,662,080 Per Month

T17e (53TH/s) = $330.91 x 1000 = $330,910
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $1,755,730 Per Month

T17e (53TH/s) = $330.91 x 1000 = $330,910
S17e (64TH/s) = $399.59 x 4000 = $1,598,360
Z11 = $101.18 x 1000 = $101,180

Total = $2,030,450? Per Month

10000 Machines

T17 (38TH/s) = $237.26 x 5000 = $1,186,300
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $2,611,120 Per Month

T17e (53TH/s) = $330.91 x 5000 = $1,654,550
S17 (53TH/s) = $330.91 x 4000 = $1,323,640
Z11 = $101.18 x 1000 = $101,180

Total = $3,079,370 Per Month

T17e (53TH/s) = $330.91 x 5000 = $1,654,550
S17e (64TH/s) = $399.59 x 4000 = $1,598,360
Z11 = $101.18 x 1000 = $101,180

Total = $3,354,090 Per Month

Need them to get out before we can start to rise. Miton and Hadron are keeping this back.

yeah in Canadian dollars. When converted to Pounds its £50m

Hive Technologies market cap in £ is around £50m.

For Arb to get to £50m only need to be at 17p. (Excercise Option Price)

Please note this is an Interim Results ending 30th June 2019

Crypto assets held is at £3m (Interim)

July Period: £1.36m
August Period: Waiting but looking for similar or higher £1.36m
Assuming Cash in Bank is still £5.6m

Total = £11.32m