Argo Blockchain Share Discussion Threads

[1knocker] 26/10/2024 08:49

JackNife, yes the ARB bonds are either the bargain of the decade, or they are telling us that ARB is a very risky investment.

[robertbarns1] 26/10/2024 05:29

get ready for dilution as the cash has run out almost lol



3p soon

[zydecoco] 24/10/2024 20:31

Yes, a reasonable GBP 118k Buy there

[robo21] 24/10/2024 15:47

Positive finish somebody doesn’t think this is a basket case

[martywidget] 21/10/2024 08:42

Be interesting to see if BTC price action history repeats later next month.

Image link:

Bitcoin Halving Cycle Analysis - Binance
The pattern of $BTC halving events is showing a familiar trend!
Approximately 224 days after each halving, we typically witness significant market movements.

[srpactive] 18/10/2024 21:04

Moving further, lets hope we can get through $70000.

dyor

[idriveajag] 18/10/2024 14:59

QBT moving up now.

[srpactive] 18/10/2024 06:30

Bitcoin moving strongly.

[tenapen] 16/10/2024 19:26

I hear you JakNife, and credit to you for posting your opinion based on facts as you see them. Unlike chung who thinks it can write sell sell sell lemmings and mushrooms only. I don't know the future but 9p seems to be a floor just now with people happy to trade at this level.

I don't presently hold ARB but I look with interest.

[jaknife] 16/10/2024 18:59

tenapen,

The results are not just "lower", they are unprofitable. ARB burns c. $1m to $1.5m a month at the moment.

The company is in such a parlous state that its bonds currently trade at just 39.5% of par:



indicating significant financial distress.

BTC needs to get up to over $100k just for ARB to break even. But even then the lease on its Helios facility in Texas expires on 31 Dec this year and Argo have warned (see last accounts) that they may not be able to agree a commercial rent going forward.

It is difficult to find a more obvious complete and utter dog.

JakNife

[tenapen] 16/10/2024 18:44

Bitcoin has had its halving since 2023 Aug / Sept so yous and chungs comparison is worthless as it is basic knowledge it is harder or longer to mine a BTC. Also the hash price is lower today for all miners, so it's not rocket science to understand the ARB results will be lower and we can see this reflected in today's lower share price.

People with vision only.

[tenapen] 16/10/2024 16:26

chung isn't that good with facts ....

Quote;
During the month of September, the Company mined 37 Bitcoin ("BTC"), or 1.2 BTC per day consistent with August 2024

[ken chung] 16/10/2024 08:15

So on a monthly basis, less bitcoin mined, less revenue and less bitcoin held.Trajectory into administration?Lemmings and mushrooms only.

[stockhunters] 15/10/2024 14:14

still 20% below the 11.25p investor

[gkace] 15/10/2024 12:41

bitcoin flying

[gkace] 15/10/2024 09:24

bitcoin staying up, go higher soon

[tenapen] 14/10/2024 18:14

Arb UP

The buyers aren't listening.... !

Must be frustrating !

Nae mind

[gkace] 14/10/2024 14:38

bitcoin up 5%

[jaknife] 14/10/2024 10:35

The BTC price is irrelevant to ARB! They are hopelessly loss-making and need BTC to get to well over $100k just for them to break even!

[gkace] 14/10/2024 10:13

bitcoin still looking good

[1knocker] 14/10/2024 07:54

Tenapen, some ends come with fizzle rather than a bang.

Like Charles II, ARB could apologise for taking 'an unconscionable time a-dying', but what prospect is there that it will take up its bed and walk?

What is there which should cause someone like me who sold out the last of my ARB holding at 12 to get back in now at 9?

[tenapen] 11/10/2024 12:41

ARB is proving stubborn, Eh !

No death spiral here - hahaha

[gkace] 11/10/2024 10:20

bitcoin looks good