Argo Blockchain Share Discussion Threads

[francoismyname] 01/8/2020 18:07

Plat the tw@t - quite like that.

Got a ring to it

[kcowe] 01/8/2020 17:28

ARB is in the right place right time for a rerate on a crypto goldrush going forward
1 day till end of weekly close on the charts .

[brasso3] 01/8/2020 17:15

Zcash now up 22%. Those Z11s are almost paid for!

[kcowe] 01/8/2020 17:12

Chamath palihapitiya on bitcoin

[kcowe] 01/8/2020 16:49

Precious metals were sold down too .. what point are you trying to make ?

[kcowe] 01/8/2020 16:43

What ever you believe Plat Hunter ,I hold the opposing view ... BTC is best described by Raul Pal
Tudor Jones
Best of luck with your trade .

[plat hunter] 01/8/2020 16:02

BTC as a market is more closely related to the carbon exchange or anything else that isn't actually tangible.It's a play thing for punters

[plat hunter] 01/8/2020 15:39

Brasso it was an analogy, grow up you twonk.You can have whatever currency pair you choose.

[kcowe] 01/8/2020 14:03

Should keep things simple plathunter , if BTC stays in this range by close of week.. that will signal a new bull phase .. Arb share price will reflect this new reality in the weeks and months ahead .

[kcowe] 01/8/2020 13:43

Plat Hunter .. you continue to sound like someone who is not clued up at all. ...

[1new guy] 01/8/2020 13:31

"BTC only valued in USD". Duh? If you wish to buy a Lamborghini you can do so with BTC, as with many other items, investments and currencies. The seller would then pocket x btc to change for whichever currency they choose or hold for whenever they feel a given level to go fiat arises. In reality possible a very long time away. So maybe buy gold or hold! I think the only thing short about plat the tw*t is his or her stature.

[brasso3] 01/8/2020 13:11

Costs in GBP?

I think you will find that the mining operations are in Canada!

Obviously you have done the research into your short trade! lol

[plat hunter] 01/8/2020 12:59

But BTC is only an asset valued in USD, what do you think happens to a company who's earnings are valued in usd but costs in gbp.

[brasso3] 01/8/2020 12:18

What a fantastic move it was buying the Z11s for mining Zcash! :-

24 June 2020

Argo Blockchain PLC

('Argo' or 'The Company')

Operational Update

Argo, a UK-based enterprise-scale crypto miner (LSE:ARB), is pleased to announce an expansion of its mining capacity.

On 19(th) June 2020, the Company purchased 750 Bitmain Z11 mining units for US$474,000 to add to the Company's existing 1,000 Bitmain Z11 mining units currently in production. The additional 750 units went into production immediately at the time of acquisition and are currently running at full capacity.

The purchase of these machines was completed using a combination of cash from operations and arm's length financing. The Company considers this to be the most capital efficient means of acquiring these additional machines.

The company selected the Bitmain Antminer Z11, rather than the newer Z15 model, because of the lower price and better value, the company's favourable outlook on Equihash algorithm cryptocurrencies, and the excellent performance of the company's existing Z11s. Based on the Company's conservative projections of mining difficulty rates and current cryptocurrency prices, the Company expects to recoup the cost of this investment in approximately 8 months.

Peter Wall, CEO of Argo Blockchain, said: "We firmly believe that cryptocurrencies are well-positioned to become an even larger asset class, and that the correct strategy is continued investment in mining infrastructure. Argo's existing fleet of Z11s have performed extremely well, and we are pleased to add more equihash mining capacity to our fleet of machines."

[kcowe] 01/8/2020 11:31

I do not think Plat hunter understands BTC ...

[hootza616] 01/8/2020 11:20

Don't think there will be many sellers on Monday opening.Maybe some shorts closing eh Plat?

[brasso3] 01/8/2020 11:09

Zcash up 13%!

[horneblower] 01/8/2020 11:05

US dollar is weakening by the day and gold is on a massive run having broken out from its old all-time high from 2011.

With governments all over the world spending money they have no hope of getting back for decades, it is imo inevitable that gold will go higher. It could treble from here!

It is not obvious that crypto will follow but I would be surprised if it didn't.

[mnomis] 01/8/2020 10:28

Don't fight the trend. Enjoy the gold and crypto ride. Look forward to Mon trading on ARB.

[gspanner] 01/8/2020 09:31

Yes I do think we should all keep our toupees on at the moment, weekend is a long trading time.

Good start though.

[kcowe] 01/8/2020 08:59

BTC just need to hold these levels for the weekly close to be seen as extreemely bullish .

[brasso3] 01/8/2020 08:24

I am not sure we are even close to Crypto mania/ fomo phase yet. I do think we are on a short term trend to the $14k level. At some point there will be a large pull back in bitcoin and gold (-10%). Then the set up will be ready to go for the all time high of $19k around the end of the year.