Argo Blockchain Share Discussion Threads

[amazoner] 28/2/2024 10:14

more detail can be found here

[amazoner] 28/2/2024 10:13

more about wulf

Key Metrics 1

January 2024

Bitcoin Self-Mined 313

Value per Bitcoin Self-Mined $42,810

Power Cost per Bitcoin Self-Mined $16,737

Avg. Operating Hash Rate (EH/s) 5.4

the margin in january was $26k per bitcoin, which should increase this month

[amazoner] 28/2/2024 09:34

instead of mara, what do you think about clsk and wulf

wulf produce 10 bitcoins per day which enough to reduce debt from the cashflow

their hashrate capacity was 5.5 EH/s on the 30th Sept 2023 has been increased to 8 EH/s this month and further increased to 10 EH/s in June 2024 including AI enhancement

[jungmana] 28/2/2024 09:09

Hopefully we break 22p today for good :-)

[jumpenjim] 28/2/2024 09:02

yesterday btc broke through 57k arb price touched 22.5
today btc through 59k arb price 21.5
you could not make it up

jj

[r9505571] 28/2/2024 09:00

Can't seem to break through 22p

[jumpenjim] 28/2/2024 08:45

BTC keeps going at this rate 60k could get hit today

pity about ARB Manipulated by MM,s to the highest degree

and yes slightly p,d off

jj

[jungmana] 28/2/2024 08:10

We should get rns here on Monday or Tuesday. February numbers

[amazoner] 28/2/2024 08:09

btc could try to break the all time high before halving.

[qs99] 28/2/2024 08:04

ARB IMO really should be through 30p, even with halving, as BTC IMO is into its next bull run. DYOR

[jungmana] 28/2/2024 08:00

Yep , heading for $60k soon

[zydecoco] 28/2/2024 07:53

BTC strolls through 58k

[srpactive] 28/2/2024 07:52

Well it is surging again now, lets hope arb can get into the mid 20p's
again.

dyor

[sharetalk] 28/2/2024 07:51

If in January Arb sold 133 bitcoins (124 mined bitcoin + 9 bitcoin held from December) for $5.3m, that equates to $39.8k per bitcoin. This week (Feb) they could be selling bitcoin for $57k+, which is a 42% rise compared to last month. Probably even higher next month.

[amazoner] 28/2/2024 07:51

the new AI billionaires must find somewhere to park their monies. crypto is the best place for now, i guess

[amazoner] 28/2/2024 07:48

can we see btc breaking $60k today then fly higher

[srpactive] 27/2/2024 19:23

Maybe another try to break 21p in the morning.dyor

[dipa11] 27/2/2024 18:43

"Argo Blockchain PLC GBP7.8 million ($9.9 million) PlacingSource: UK Regulatory (RNS & others)TIDMARBRNS Number : 8691YArgo Blockchain PLC08 January 2024Press Release8 January 2024Argo Blockchain plc("Argo" or "the Company")GBP7.8 million ($9.9 million) PlacingArgo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce it has raised, subject to Admission, gross proceeds of GBP7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") at a price per share of GBP0.205 to certain institutional investors (the "Placing"). The Placing price represents a discount of approximately 1 per cent to the 30 trading day VWAP of the Company's existing ordinary shares for the period ended on 5 January 2024, and a discount of approximately 24 per cent to the closing mid-price of the Company's ordinary shares on 5 January 2024. The new Ordinary Shares being issued represent approximately 7.06 per cent of the existing issued ordinary share capital of the Company prior to the Placing.The net proceeds of the Placing are expected to be used by the Company for working capital, the repayment of indebtedness, and for general corporate purposes. The Placing is limited to those certain institutional investors that have already subscribed and this announcement should not be considered an offer or solicitation to purchase or subscribe for securities in the United States.The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC. Admission is expected to occur, and dealings in the new Ordinary Shares commence, on 11 January 2024."DOOR

[jungmana] 27/2/2024 17:12

Well , wish I bought more btc last summer instead of some oilers that bumped since( eg i3e.)Only bought 1 btc in August to add to my original 2 I had for nearly 4 years.Anyway I hold a small 80k shares here now at approximately 18.4p average. This is a bet on btc reaching $100k by summer.GLA

[zydecoco] 27/2/2024 17:09

1knocker, yes, there's always FOMO for a hyper extended upside

[yump] 27/2/2024 16:55

Well done to anyone who bought crypto in the crypto winter.

There’s so much theorising about the levels BTC and ETH will reach, but its all guesswork after the spot approvals. Those changed the environment, so we’re in another new era of some sort yet to be determined. Tricky to know how much ETH might rise as a result of its own forthcoming applications.

[1knocker] 27/2/2024 16:47

I follow the logic, zyde, but ARB is a hype stock. If BTC hit 130K, ARB could (briefly) go through the roof.

[zydecoco] 27/2/2024 16:46

On the same basis - reckon BTC would needs to get to 220k for ARB to reach 200p.(Had a DM asking so sharing it here. )DYOR.