Argo Blockchain Share Discussion Threads

[zydecoco] 27/2/2024 16:39

Calculations, based on miners typically doing x3 what BTC did in last cycle.approx of course!

[qs99] 27/2/2024 16:26

Zydecoco are they guess numbers or based on actual calculations please?

Thanks

[zydecoco] 27/2/2024 16:00

Srpactive, reckon BTC needs to get to 85k for ARB to reach 50p, and to 130k for 100p.DYOR.

[beatme1] 27/2/2024 14:46

And USA tanks on ipem

[zydecoco] 27/2/2024 14:02

If B/E level here is BTC 63k, as BTC (currently 57k) gets closer to that (only 10% away), then ARB starts to look more attractive as its runway increases.FWIW IMO, BTC going thru 67k pre-halving would see ARB rise more freely.DYOR

[r9505571] 27/2/2024 12:53

https://uk.advfn.com/newspaper/azeez-mustapha/73429/robert-kiyosaki-foresees-bitcoin-skyrocketing-to-100-000-by-june-this-year

[the big fella] 27/2/2024 12:39

However if BTC keeps motoring then this will be like a coiled spring.

[the big fella] 27/2/2024 10:28

QS99 - it is the sole reason why these are not flying.

[jungmana] 27/2/2024 10:18

Next week we should get the February numbers.Will be nice to see at least 140 bitcoins mined

[growthinvestor2001] 27/2/2024 10:01

oh and to qs99 :

"Has anyone got the post halving BE level BTC price for ARB please?"

followed up with

"DYOR"

cracked me up.

[jungmana] 27/2/2024 10:01

At the strong btc price in February should see $8m for this month in revenue.
Imo will get $20m+ this quarter

[growthinvestor2001] 27/2/2024 10:00

jungmana and others - just be careful is all I'm saying - this is not going to go the way you think and keep throwing out random price targets or back of the cigarette packet calculations of revenue (as opposed to actual profit) to entice people into buying is pretty irresponsible.

As I say - its possible Argo could go up , short term, with all the others if bitcoin rips higher - but long term - even with a very high bitcoin price - Argo is not looking good, certainly when compared to many of its peers.

If you like the space there are better miners with less debt, better balance sheets, an actual HODL and future growth prospects than Argo. Less risky (but of course anything btc is risky) too.

Over time you will see this rotation if you have not already as they will probably go up more than Argo in the same short term time frame.

There are several good youtubers that regularly do miner comparison videos - I suggest everyone go watch some of them to get a better idea of where Argo REALLY sits.

[amazoner] 27/2/2024 09:45

remember that the revenue in q4 2023 was $16.16m comparing to $10.41m in q3 2023


ARB Mining Revenue
Oct 143 $4,260,000
Nov 145 $5,300,000
Dec 155 $6,600,000
Total 443 $16,160,000

[jungmana] 27/2/2024 09:38

Imo this should be 30p+ by now.

[qs99] 27/2/2024 09:36

Shorts on BTC getting burned as you point out

ARB has good electricity deals, many don't and so I am less concerned around that given direction of travel for BTC

Has anyone got the post halving BE level BTC price for ARB please?

DYOR

[jungmana] 27/2/2024 09:34

Bitcoin doubles to $80k by halving time and ARB and other miners will still be making similar amount of money. 100 bitcoin at 80k is the same value as 200 bitcoin at 40k . Simples!

[master rsi] 27/2/2024 09:25

Bitcoin breakout throws short traders under the bus
Proactive Investors - Bitcoin (BTC) has broken out of its late-February slump with a startling rally against the US dollar.

BTC/USD shot above $57,000 for the first time since the November 2021 record-setting bull run, having penned 5.3% of gains on Monday before adding another 2.9% this morning.

This rally on the world’s largest cryptocurrency comes as cash inflows into recently approved spot-bitcoin exchange-traded funds continue to march ahead, while traders begin to eye up with the upcoming halving event in April.

The bitcoin halving, which happens every four years, will slash mining rewards in half, effectively cutting down currency inflation by 50% and.

Halving is seen as a major catalyst for bitcoin’s presumed spot.

Bitcoin’s latest breakout has hammered short positions on the futures market, with over 97 million in shorts liquidated yesterday- the largest amount year to date.

Another $65 million in short positions has been eliminated today.
Week on week, bitcoin is now up nearly 9%.

Ethereum (ETH), the second-largest cryptocurrency, has bounced over 10% higher week on week, while Binance’s BNB token is also up in the low single digits.

It’s a mixed bag in the wider altcoin space, with Ripple (XRP) and Cardano (ADA) remaining in the red and Solana (SOL), Dogecoin (DOGE) and Tron (TRX) adding low single digits.

Global cryptocurrency market capitalisation has soared ahead to $2.12 trillion, with bitcoin dominance at 53.5%.

[growthinvestor2001] 27/2/2024 08:56

The closer we get to the halving - the more perilous it is to hold Argo. Sure it could go up from here in the short term via a bitcoin pump but really people here are playing chicken.

Just look at what Argo is making in revenue , even with bitcoin at $56k - its not much profit thats for sure after you take out costs, depreciation of machines and loan interest.

Then imagine that revenue halving in mid April.

How much would you pay for a company that will be making a loss soon with no real plan to grow hash rate? Even if bitcoin goes through the roof to $100k, every miner in the world will be switching on and the difficulty will go through the roof - only the leanest and most efficient miners will survive. Argo is not one of them.

You need to stop comparing this share price to what it was last week, last month, last year vs price of bitcoin as clearly that is misleading.

Its STILL only a fraction over the last raise price for a reason. I recently sold out completely at 20p after being a holder all the way up and down from 300p and not stupidly not selling earlier.

Good luck those that stay in but don't pretend you are not playing chicken.

[beatme1] 27/2/2024 08:45

Ridiculous share price was 35p when btc was 45k