Argo Blockchain Share Discussion Threads

[brasso3] 17/11/2020 16:50

BTC is now being seen as an escape route from FIAT IMO.

I am on a busy gold/ silver forum and there has been an unusual amount of discussion about BTC in recent weeks.

[qs99] 17/11/2020 16:46

mnomis, ok, let's see what they do, but BTC seems to be heading one way IMO on a supply and demand basis!

Are there other stocks that hold BTC at all? I'm not aware of any

DYOR etc and good evenings

[oakville] 17/11/2020 16:45

BTC is unstoppable at the moment ARB could follow.

[oakville] 17/11/2020 16:44

If the markets were open until 5pm these would have gone through 10p

[volsung] 17/11/2020 16:22

Bought me some of this spiky goodness

[mnomis] 17/11/2020 16:21

QS99 - my expectation / hope is that they will park excess funds in BTC, but BTC doesn't pay the rent ... the $ still does that and too risky to borrow to effectively increase BTC holding beyond reinvested excess cash flow imho

[parob] 17/11/2020 15:49

Needed to clear those stale bulls. Now breaking out from an ascending triangle. Bullish.

[brasso3] 17/11/2020 15:30

Nine Bitcoin Charts Already at All-Time Highs

[brasso3] 17/11/2020 15:26

Core Scientific
@Core_Scientific
We're excited to partner with
@ArgoBlockchain
, the publicly-traded, leading cryptocurrency miner based in the UK, to host Argo’s Antminer S19s at Core Scientific’s United States based facilities. Learn more:

[brasso3] 17/11/2020 15:06

Grayscale, BTCE and probably other NASDAQ companies (yet to declare) are just eating all of the bitcoin supply IMO. It is so difficult to comprehend how scarce BTC is when you divide the 15m coins amongst the global population.

[qs99] 17/11/2020 15:01

Thanks mommies so then is down to volume minded.... still don’t see why they don’t hold more to ride the upside but there you go
Thanks again

[topazfrenzy] 17/11/2020 14:38

Something weird with this share, BTC is ALMOST AT ALL TIME HIGHS and the share price here is still at half what it IPO'd at ..

Owning crypto directly has paid off way more for me than holding here, even if I bought ARB in the 4s, 5s and 6s mostly ... hardly mind shattering being able to sell at 8.5p considering BTC IS AT $17,000 !!!

[brasso3] 17/11/2020 14:24

lol. New guy maybe should change his name... Wet behind the ears guy?

[hootza616] 17/11/2020 14:21

You back in yet New Guy?

[hootza616] 17/11/2020 14:16

Just offered 8.6 for 100k shares

[mnomis] 17/11/2020 14:07

Yip - told you I would be wrong saying it was going to go down! QS99, at a 40% margin excl. depreciation (for Oct), assuming flat difficulty, a 10% increase in BTC price will lead to an increase in mining margin of 25% (hence leveraged to BTC price). Using Oct numbers, assuming mining margin from £480k to £600k for a 10% increase in BTC price, assuming GBP / mining difficulty flat ... We will also get benefit from revaluation of 137 BTC (and hopefully growing balance, assuming only sell what need to "pay the rent") - based on GBP/$, I guess a tidy £100k to margin for each $1,000 gain in BTC. Not sure what hosting / mining services deal will look like.

[rogerramjett] 17/11/2020 14:03

Yep. Asked just risen. Bid up to 8.5

[walter walcarpets] 17/11/2020 13:30

Slowly slowly, catchy monkey!

[king suarez] 17/11/2020 13:21

rogerramjett - yep, slowly getting there :)

[qs99] 17/11/2020 13:20

Why doesn't ARB hold more BTC as inventory and ride the up-wave rather than sell it on?

Any clues on how much more money ARB will make as BTC increases in price? I couldn't really tell from the site/RNSs etc, it seems more to be about mining and getting a fee on mining coins, rather than benefiting from the rise (and possible big rise to come) in BTC etc?

Thanks in advance for any help!!

Yours in ignorance
QS99

Ps bought some anyway today!

[rogerramjett] 17/11/2020 12:56

KingSuarez. You could say it is heading towards a £100m MCap. Just very slowly.

[brasso3] 17/11/2020 12:50

Grayscale now holds half a million Bitcoin

[brasso3] 17/11/2020 12:31

Maybe the people complaining yesterday about ARB underperforming BTC would like to comment today? :)

[uapatel] 17/11/2020 12:27

About time, so undervalued valued.

Really looking forward to what has been mined and revenue generated in the November update, only 3 to weeks to find out. Hopefully that will kick the share price onwards.