Argo Blockchain Share Discussion Threads

[broomrigg] 26/4/2024 17:08

Thanks for proving my point for me tenapen....Ken didn't mention May, you did.

[r9505571] 26/4/2024 09:29

Full year 2023 earnings releasedFull year 2023 results:Revenue: US$50.6m (down 12% from FY 2022).Net loss: US$35.0m (loss narrowed 85% from FY 2022).Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom.Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.

[ih_818120] 26/4/2024 08:37

Ken Chung - 14 Apr 2024 - 07:33:26 - 34061 of 34153
Bitcoin just $64,557.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.

Ken Chung - 14 Apr 2024 - 00:17:44 - 34060 of 34153
Bitcoin just $65,164.
Will ARB go bust after the halving next week?
Lemmings and mushrooms only.

Ken Chung - 12 Apr 2024 - 22:32:40 - 34057 of 34153
Bitcoin just $66,848.

Will ARB go bust after the halving next week?

------
I gave him the benefit of the doubt and a few weeks wiggle room on his predictions.

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Ker chung

[broomrigg] 26/4/2024 07:54

Ken never mentioned May, you did.

[ih_818120] 26/4/2024 07:39

chung,
Losing money is a long way from your earlier prediction that ARB wouldn't see the month of May out.

[ken chung] 25/4/2024 16:02

If their 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 their 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, rising energy costs, etc., etc. and it's losing money.

Lemmings and mushrooms only.

[owenga] 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.

[broomrigg] 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.

[zydecoco] 25/4/2024 09:35

GBP 63,000 Buy now showing here

[robo21] 25/4/2024 08:48

Solid set of results

[zydecoco] 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.).

[ken chung] 25/4/2024 07:24

Net loss = £35m, since when the mining reward has halved.Worthless. Lemmings and mushrooms only.

[broomrigg] 25/4/2024 07:11

Awful financial report just released.

[ih_818120] 25/4/2024 01:49

Hahahaha

Arb looking strong, chung my boy.

Time tell all.

[trad3m3] 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!

[1knocker] 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.

[ih_818120] 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

[martywidget] 22/4/2024 13:25

Tenapen, thanks for your words of advice.

[1choip] 22/4/2024 08:18

massive update on gst

[porky9] 22/4/2024 01:29

@Franco
Very funny :)
Take care

[broomrigg] 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.