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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Argo Blockchain Plc | LSE:ARB | London | Ordinary Share | GB00BZ15CS02 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -8.20% | 11.20 | 11.00 | 12.00 | 12.25 | 11.50 | 12.25 | 2,021,993 | 16:35:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 47.36M | -194.23M | -0.3628 | -0.32 | 61.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
25/4/2024 16:02 | If the average direct cost per bitcoin mined was $31k last year when the reward was 6 bitcoins per block, and that reward halved last weekend to 3 bitcoins per block, that would make the current average direct cost per bitcoin mined $62k, or higher as the network difficulty is increasing all the time. Then add admin costs, costs of updating mining machines, interest payments, etc., etc. and it's losing money.Lemmings and mushrooms only. | ken chung | |
25/4/2024 10:17 | Wow, direct cost to mine Bitcoin 31k. I thought it was more like 15. After halving it's going to be 62k. So won't be making any gross profit based on current btc price. Company completely under water now. | owenga | |
25/4/2024 09:40 | ARB numbers (and prospects) are dire. If bitcoin goes much lower it will make better financial sense for them to switch off their machines.A pure gamble. | broomrigg | |
25/4/2024 09:35 | GBP 63,000 Buy now showing here | zydecoco | |
25/4/2024 08:48 | Solid set of results | robo21 | |
25/4/2024 08:32 | Better than expected results and outlook today:Q1 Preliminary results:Average direct cost per Bitcoin mined was approximately $31,000.Year results:Adjusted EBITDA of $8.3 million, compared to negative Adjusted EBITDA of $(46.7) million in 2022.(Net loss of $35.0 million, compared to a net loss of $229.0 million in 2022.). | zydecoco | |
25/4/2024 07:24 | Net loss = £35m, since when the mining reward has halved.Worthless. Lemmings and mushrooms only. | ken chung | |
25/4/2024 07:11 | Awful financial report just released. | broomrigg | |
25/4/2024 01:49 | Hahahaha Arb looking strong, chung my boy. Time tell all. | ih_818120 | |
24/4/2024 18:35 | It's all good news, until May's RNS that is... May will reveal all, if BTC not 100k in May then... GLA! | trad3m3 | |
24/4/2024 16:08 | Do companies 'spiral' when they fall off the end of a cash runway? I don't know, but my best guess is that it would be more like a vertical drop than a spiral. | 1knocker | |
23/4/2024 21:05 | No sign of the 'death spiral' So funny chung hahahaha | ih_818120 | |
22/4/2024 16:04 | Silly wee chung - wrong again. | ih_818120 | |
22/4/2024 15:16 | Marty, I didn't know I had given advice ! and if I have please ignore me 100% I don't know the future | ih_818120 | |
22/4/2024 08:18 | massive update on gst | 1choip | |
22/4/2024 01:29 | @Franco Very funny :) Take care | porky9 | |
21/4/2024 19:04 | ARB on a trajectory to go bust at that level? YES. Bitcoin needs to very quickly find a new trading range with c.100,000 usd being the low end of it for ARB to survive. Not looking good and probably too late. SELL. | broomrigg | |
21/4/2024 18:06 | Ohh no if Porkys here, we're all doomed folks! | one_frankel | |
21/4/2024 17:47 | Bitcoin only $64,462 and yesterday the mining reward has halved from 6 to 3 bitcoins per winning block.ARB on a trajectory to go bust at that level?Lemmings and mushrooms only. | ken chung | |
21/4/2024 10:38 | @zydecoco Thanks for your informed reply. I have not listened to that, I will check it out. | porky9 | |
21/4/2024 10:20 | Porky6, agree with the very poor standard of posting especially from KC and Broom, and a few others.As you allude to: the Electrical costs are the main driver. Currently it does look like omething does have to give, however if BTC hits 100k pre December, which I do think it will, then it will resolve fairly bloodlessly.It always looks open this at this point in the cycle though, it's just now there's more awareness of it in my view.Did you listen to the hour long industry call, which ARB and other main miners participated in, that I posted a link to earlier this week (see Post 34102)? It discusses the miners landscape fairly well.At this point in the cycle it is important to keep an eye on Network Hashrate. | zydecoco | |
21/4/2024 08:49 | Bitcoin will still be here when the miners go bust, and they all will down the road (ARB first?). | broomrigg |
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