Argo Blockchain Share Discussion Threads

[yusuf77] 07/11/2024 16:46

buy at 4p or 1.75

[broomrigg] 07/11/2024 16:14

Tomorrow sub 5p?

Switch into QBT

[broomrigg] 07/11/2024 16:04

Get out while you can.

[waterloo01] 07/11/2024 16:00

Whoops. Double hit

[qs99] 07/11/2024 16:00

Answers my question, well done whoever posted above!

[qs99] 07/11/2024 15:42

Trying to follow what people are insinuating here.....anyone brave enough to put it in B&W and clearly?

ARB latest statement in RNS talked of risks and highlighted mining facilities being renewed as one....DYOR and look forward to a post or three thank you!

[jaknife] 07/11/2024 13:59

Quebec is like 15mw, which is $200k of revenue. It’s less than 10% of Helios.

[yump] 07/11/2024 13:51

How dare you post facts ?!

[robo21] 07/11/2024 13:28

They also mine at the Quebec facility

[easybrent] 07/11/2024 12:37

Galaxy Digital has just reported that they signed term sheet for all of Helios 800 MW capacity to hyperscaler. Argo will be kicked out. Argo wont have any mining activity active left.

"Helios: Subsequent to quarter-end, Galaxy executed a non-binding term sheet with a U.S.-based hyperscaler to host highperformance computing at its Helios campus in West Texas. The term sheet includes options to allocate all of Helios’ 800 megawatts of currently approved power capacity to HPC hosting and support. The consummation of the transaction is subject to execution of definitive documents, customary due diligence and approvals of the parties."

hxxps://investor.galaxy.com/news/news-details/2024/Galaxy-Announces-Third-Quarter-2024-Financial-Results/default.aspx

[robertbarns1] 07/11/2024 09:33

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[robertbarns1] 07/11/2024 09:32

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[yump] 07/11/2024 09:26

Roll up, roll up, Get your eth quick before they’re all gone!

[robertbarns1] 07/11/2024 09:16

we could see 8p today if bitcoin continues to be sold off








LOOKS LIKE TO BULL RUN IS OVER

[robertbarns1] 07/11/2024 09:09

we could see 8p today if bitcoin continues to be sold off

[robertbarns1] 07/11/2024 08:59

get your shorts on lads




or fill your pants time




bitcoin heading to 74k

[robertbarns1] 07/11/2024 08:56

bitcoin crashed!!!




below 76k now

[robertbarns1] 07/11/2024 08:48

got my short on now




lets see 5p lol

[robertbarns1] 07/11/2024 08:43

plenty big 100k trades





they must be experts lol

[robertbarns1] 07/11/2024 08:42

shorting for gold

[robertbarns1] 07/11/2024 02:25

BITCOIN going to 200k

400k in 2025

[jaknife] 06/11/2024 22:15

Argo is a hopelessly loss-making and cash burning business. BTC needs to break something like $110k just for Argo to breakeven (never mind make a profit).

They are running low on cash and may not even have enough to pay the coupon on the bond that's due at the end of this month. That bond trades at 39% of par:



which indicates significant financial distress.

On top of that the lease on their Helios facility expires at the end of December and the last accounts explicitly warn that they may not be a going concern as they may not be able to agree a commercial rent with the landlord.

It could easily be game over by Christmas and a complete zero.

The Q3 results are due next week and should confirm what a mess they're in.

JakNife