Argo Blockchain Share Discussion Threads

[mnomis] 12/11/2020 18:40

Yip - would make sense. Hut8 market cap is £70m vs ARB £24m. Just wanting to highlight the disconnect by posting results.

[suffersnofools] 12/11/2020 18:26

Hut8 are nowhere near Arb's efficiency. I thought they might try and acquire us a few months back as a quick fix to their ageing hardware.

[suffersnofools] 12/11/2020 18:21

Could have been a buy given vwap

[mnomis] 12/11/2020 18:09

Interesting Hut8 Q3 (Sep) results - see mining profit margin (NEGATIVE) - also see the mention of hosting revenue (note - extracted a few relevant bullets - not complete list of Highlights). Interesting where ARB margin is in comparison ...

Q3-2020 Highlights
• Quarterly revenue of $5.8 million with mining profit margin of -37%.
• Revaluation gain related to Hut 8’s bitcoin holdings of $5.6 million for the quarter with a bitcoin price at quarter end of US$10,788.
• Net loss of $0.9 million and negative adjusted EBITDA of $2.9 million.
• Hosting revenue of $0.5 million from Hut 8’s first hosting client with 6MW of latest generation bitcoin mining equipment.

Re a nice board - is great. Amazing how the people I have filtered don't really show up any more now that the price has "unfortunately" move up ...

I for one don't need a dividend if BTC is really going to $100k - keep my dividend in BTC please - of course, a strategy for a special dividend at the peak would be nice.

GLA holders!

[brasso3] 12/11/2020 18:01

2m trade at 7.89375 (£158k) seems to have held this back today.

[hootza616] 12/11/2020 17:06

Think the major selling pressure at 16k may be done, could be knocking on 16.5k before morning!

[rogerramjett] 12/11/2020 16:24

Let ARB reduce the overhead by buying the data centre. Reduce the share capital through buy backs and increase mining capacity. Dual list and then we are away.

Monthly revenue and profit will sky rocket. You never know what the divi could be but there is more value at this level in upwards share price movement.

Get all the above done and this really could be in excess of £1

[hootza616] 12/11/2020 16:19

I think we all agree, isn't this a nice board, very rare on ADVFN!It's the talk of a divi within company strategy that we need, not necessarily the payment, which I agree is too early. Holding more BTC is also the right thing to do.

[suffersnofools] 12/11/2020 15:59

Roger - they don't have to pay a dividend yet but the market needs guidance on the strategy. Even if they state divi won't be paid until x,y,z condition is met, it will still give the share price a nice boost.

[brasso3] 12/11/2020 15:55

There will be fireworks when it breaks $20k. I can see the BBC news coverage now!

[suffersnofools] 12/11/2020 15:53

Agreed. Historically there have only been 10 days EVER since BTC was created that the price has closed higher than today's level. Clear air ahead.....

[suffersnofools] 12/11/2020 15:51

Yep. And I suspect the new lease deal is part of freeing up cash for that purpose.

[rogerramjett] 12/11/2020 15:49

ARB have many options to reward shareholders. Give it 18 months and a divi could be paid equal to todays share price.

ARB are redicously cheap at this price.

[brasso3] 12/11/2020 15:43

I think its not just about a divi it about long term strategy. The divi should come after the bull run in 2021. There needs to be an approach to build up BTC reserves during the first half of 2021. The second half of 2021 should be about converting BTC to fiat currency to reward share holders. Then what comes next during the BTC bear market from 2022 - 2023? Surely there is then another cycle you have to prepare for to re-energize the fleet of mining equipment?

[hootza616] 12/11/2020 15:37

Making money is one thing, rewarding the shareholders is a must! The share price is not moving without talk of a divi!

[brasso3] 12/11/2020 15:34

I have a feeling people are underestimating the importance of ZEC in this bull run. I think once it gets back to $100 we will be making massive margins there.

[brasso3] 12/11/2020 15:23

The ARB price will react when BTC maintains these higher prices for longer periods. We have had a month above $13k but lets not get carried away. At present it looks like November figures will be fantastic. I am here for 2021 and not 2020.

[walter walcarpets] 12/11/2020 15:21

Lol - just keep buying whilst it's cheap.

[suffersnofools] 12/11/2020 13:46

Lol - on the CME maybe ;)

[brasso3] 12/11/2020 13:33

As I say its a positive for BTC. The large spikes down are related to small PIs getting liquidated on spreadbets etc.

[suffersnofools] 12/11/2020 13:24

It IS happening - no new positions can be opened after 6th Jan. you can keep any existing positions however. It doesn't apply to institutions just PI's. I've got an overseas account but most U.K. peeps will be out of luck.

[brasso3] 12/11/2020 12:53

I dont think it will happen. Banning any kind of derivatives is only good for BTC as that is the only way to manipulate the price.

[suffersnofools] 12/11/2020 11:46

6th October - effective 6th Janhttps://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers