Argo Blockchain Share Discussion Threads

[martywidget] 06/8/2018 09:46

Just having a look at the UK Investor Show website - I see that Argo Blockchain is one of the planned exhibiting companies:

2019 Exhibiting Companies at the Queen Elizabeth II Conference Centre (London) on the 30th of March 2019:

[chillpill] 06/8/2018 09:42

Mirabaud are famed for no aftermarket support.

Separately anyone remember what a disaster Jellybook was a few years ago?

[bad gateway] 05/8/2018 14:23

So you bought 800k at 8p pre IPO then another 800k at 16p Friday for a 12p average?
can see why you're not happy with the price movement. I only picked up a few (was busy being robbed elsewhere) do want more-their 50k customers lined up is pretty compelling now they have the cash for racks-but have taken note of your posts and will go for best price possible.
Hope the market sees the growth potential and you get your 20p quicker than EOY. Deserve it for that big a play imo.

[nico115] 05/8/2018 14:03

I bought at 8p pre IPo and in a moment of madness bought more at 16pWas a seller at 18 to 20p on Friday as thought they may have one flurry before falling I was wrong Too much pre IPo selling now so I see these falling further in the short term Sentiment in the sector is Cr pThese were valued at 1p 7 months ago and 8p 3 months ago so tell me why we should be over 8p now?We shouldn't be !!

[bad gateway] 05/8/2018 13:55

Think someones been pulling your plonker nico. Didn't think bankers got out of bed for 5%. I trade mostly aim and they're always 11%.
Can see you're bearish short term and what do i know you may be right but 20p EOY's not the worst return from here imo. We've got this "stay away til St Swithins day" mentality to deal with first anyway imo.
What made you want to buy 1.5m shares at 12p if you don't mind me asking. You must be pretty sure LT to have gone in that heavy?

[tsmith2] 05/8/2018 13:54

ARB actually forgot IPO was today or I would have shorted. Mental to take the IPO at 16p when there are millions of seed shares from 2-8p not locked in. Not to mention the £90k of stock at .1p worth £14m on IPO. Absolutely crazy.

[nico115] 05/8/2018 13:34

What I've been told 5 pct the normI've heard Mirabaud don't care about the after market They have their fees What do they care now I think with the collapse in cryptos this weekend we fall to 8p before rebounding to 20p by year end I own 1.5m shares at an average of 12p

[bad gateway] 05/8/2018 10:57

Name one then could you nico as I've never seen one with less than 11 percent .(in fact this one was 9%, cheapest I've seen so will wait on your reply there)
For clarity these were charged £2.2m not the £3m you've worked it out to be which I agree is a lot of money but slightly cheaper than the rest of the placings/listings I've seen which though aim were all 11 %

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[jpuff] 04/8/2018 19:13

Hash chain technology in Canada seems to be a similar business on the TSX.

[bad gateway] 04/8/2018 17:58

Where do you get this "huge fees" from nico?
According to the Prospectus Mirabaud charged the bog standard 11% that all co's seem to pay for listings and placings.

The Company has conditionally raised gross proceeds of £25,000,000 through
the Placing, and estimated Net Proceeds of £22,784,944. The total costs of
the Placing and Admission payable by the Company are estimated to be
£2,215,000 (inclusive of irrecoverable VAT). The Placing and Admission will
only be completed if the full £25,000,000 is raised. If the Placing and
Admission do not proceed, funds will be returned to investors.

[nico115] 04/8/2018 13:25

With the shares down 25pct Mirabaud couldn't make one buyer?Probably drinking champagne with their winnings!!

[martywidget] 04/8/2018 07:35

[page 71 prospectus]:

'On 23 February 2018 the Argo Canada entered into a lease in respect of a 1,000 square foot facility in Gatineau, Quebec. The property has the ability to support up to 200 racks of mining equipment (being 2,000 servers) and the Company intends to utilise this space to cover the majority of its first year mining activity.'

[page 79, etc]

The Company currently has 7 racks of servers, each rack comprising 10 servers with 8 GPUs in each, giving a total of 80 GPUs per rack. The Company has ordered, but not yet received, 100 servers which is sufficient to fill 10 additional racks...

...By September 2018, the Company intends to have 250 servers, being 25 racks, in production, which will serve an estimated 2,822 users by 30 September 2018, the Company intends to have 250 servers, being 25 racks, in production, which will serve an estimated 2,822 users...

...Current Status
The Company is currently at a late stage of testing its platform, and as at 23 July 2018 the Company has 407 paid customers mining utilising the Company’s servers in Quebec, Canada.
The Company intends to widen the pool of early adopters to 2,258 users by 30 September 2018. The Company therefore has revenue which is being received from these users. In addition, the Company has 51,326 prospective customers who have registered with the company.'...

[martywidget] 04/8/2018 07:08

In the above video, "We have over 50,000 people on the waiting list"..


[Figures from a couple of articles]:

...It is building capacity to attract 30,000 subscribers in the first 12 months, rising to 140,000 in year-two.

Since going live on June 11, it has garnered 400 new customers but has a waiting list of 50,000...

www.proactiveinvestors.co.uk/companies/news/202180/argo-blockchain-float-exceeds-expectations-as-city-heavyweights-get-behind-crypto-miner-202180.html


...It is building capacity to attract 30,000 subscribers in the first year, rising to 140,000 in year-two...

[martywidget] 03/8/2018 16:31

Argo Blockchain Plc becomes London's first cryptocurrency listing
Jonathan Bixby, executive chairman of Argo Blockchain Plc (LON:ARB) caught up with Proactive's Andrew Scott as they became the first crypto-mining company to join London's stock market.
Argo raised £25mln as institutions and influential high net worth backers got behind the company’s mining as a service (MaaS) business model.
On the shareholder register are Miton Capital, Henderson Global Investors and Jupiter Asset Management, while Bixby and co-founder Mike Edwards own around 13% of the company.
''The London market really wanted to hear our story'', Bixby says.
''They were very receptive to it and we've got some quality, long-term investors on board which I'm really excited about''.
Published on 3 Aug 2018

[nico115] 03/8/2018 15:44

Agreed Don't trust Mirabaud They talk a stock up to get fees in and then leave the stock to rot 8p

[tsmith2] 03/8/2018 15:22

anything floated by mirabaud is don't touch with a bargepole...#prostitutes

[nico115] 03/8/2018 15:18

MartyCould be 8p then I think rally strongly to 20pSector is v weak and Mirabaud mis priced this got their huge fees and no after market

[nico115] 03/8/2018 15:04

Will close at 12pBad day for us holders Mirabaud got huge fees And now don't give a hoot what share price does

[nico115] 03/8/2018 15:03

20p year end But could hit 8p cos sector unloved 16p IPo was too high

[kmann] 03/8/2018 15:02

THREE MAIN ISSUES WITH THIS ... Bitcoin Gold, Ethereum Classic and Zcash, THESE ARE INFERIOR FORKS/SCAM COINS & WILL BE WIPED OUT, RENDERED USELESS, THEY MAY SPIKE, BUT ULTIMATELY SCAM COINS.

If your going to mine, mine bitcoin or litecoin.

This has fomo appeal only imo, £25 million market cap! PUNT

[tombillion1] 03/8/2018 14:03

Just listed ... Anyone know anything about this stock... Will it be a WINNER... Someone proffered a 20p share price for year end Blockchain is a roller coaster but early adopters will be winners .. update Bought some at 1288p Spread closed so all good for a hold and average down if it happens

[martywidget] 03/8/2018 10:43

[Including photographs from the Market Opening Ceremony]
London Stock Exchange welcomes Argo Blockchain plc to the main market



It’s official! We are now a publicly traded company on the @LSEplc #Argo


#ArgoBlockchain becomes the latest North American company to chose #London for its #IPO. This follows 21 North American listings in London in 2017. Find out more


.@LSEplc delighted to welcome #ArgoBlockchain to open trading today, celebrating their exciting milestone @LSEplc Main Market IPO #innovation



Mentions on Twitter:

'Argo blockchain'


'Argo mining'

[nico115] 03/8/2018 08:21

Mirabaud are happy They got their fees!!