Argo Blockchain Share Discussion Threads

[mciw] 07/1/2021 13:47

MARA will have 10x capacity of ARB.

[mciw] 07/1/2021 13:46

I think the key is that the market is pricing MARA / RIOT future capacity, ARB doesn't have this path at present, they have also tied in a large % of machines available, making it difficult for others to expand so aggressively.

[suffersnofools] 07/1/2021 13:42

Riot's MCap is over a billion currently. 100k is approx a tripling of BTC. If you triple the MCap you get 3Bn, but Of course gearing makes the profit increase non-linear. So let's say 5Bn?Then add in that compared to Riot, ARB will have higher hash power at least until October, and has MUCH higher mining efficiency. Then add in that it's about the only crypto exposure now available to U.K. investors.Add in a bit more for crypto FOMO, and an overshoot to the upside on valuationThen add we announce doubling of mining capacity through organic expansion

[mciw] 07/1/2021 13:35

I think even at btc 100k would be difficult to justify a near £3bn mkt cap, even with Feb ramp in machines, mining difficulty rising means the number mined wouldn't just rise in proportion to machine expansion. Of course btc could blow through 100k and a silly pe could occur but we are limited by current capacity, an announcement on increased capacity would change this especially when mining equipment is hard to come by

[gaffer73] 07/1/2021 13:28

Not really, it just opens the shares up to a larger market. Shares in issue haven't changed.

[gspanner] 07/1/2021 13:23

If I had time (sorry full time job), you could work out how many shares had been removed from the LSE free float to likely stay forever in the US. They are unlikely to come across the pond IMO. Recently 10-20mil a day, only 293mil in issue...

it’s like a massive unregulated share buy back.

[brasso3] 07/1/2021 13:13

Looks like a $40k BTC print is coming very soon.

[suffersnofools] 07/1/2021 13:12

Deadly! Just look at the numbers.This is so easy to value. The only subjective factor is the PE you want to apply, and for that I just look to our sector peers. If BTC is 100k ARB will be circa ten squid.Take the 288k S2F I won't say what ARG would be as you'd just laugh. Well unless you'd already sold out, in which case you'd sob!

[nico115] 07/1/2021 12:59

Haha you're the best Well done But are you serious about 10 pounds ?What will bitcoin have to be ?I also think share price 1k but not till we get above 4k at least

[uapatel] 07/1/2021 12:52

Not much into the Motley Fool, but some more pr for new batch of possible investors

[ramellous] 07/1/2021 12:42

We’re at 1.32 euro in Germany. £1.20 equivalent

[gaffer73] 07/1/2021 12:34

If any of you are wanting to cash in some of your bitcoin but have been put off by the high costs(I was quoted 10%), you might want to try Giftoff. I've just got a gift card for $100 which cost $1 to do. I'm trying it later so I'll let you know if it works!Anyone already used them?

[yump] 07/1/2021 12:31

Well we managed to get a long way before the US started up, which makes a change from following their indices everywhere, not to speak of all the other stuff we copy. Anyway, enjoy and have a nice day.

This just says it all:

[suffersnofools] 07/1/2021 12:11

Steam runs out @£10

[ramellous] 07/1/2021 12:06

38k broken.

[amrishbhim] 07/1/2021 12:03

Just have a lunch break, lol, more likely waiting for the USA to open up, now that trump gone in two weeks and democratic won both house this should be good over the next few months

[parob] 07/1/2021 12:03

The Americans love buying ARBKF when BTC is flying.

[alm6] 07/1/2021 12:00

Looks like LSE has run out of steam

[amrishbhim] 07/1/2021 11:55

£27,672 BTC in pounds

[amrishbhim] 07/1/2021 11:54

BTC $37,598

[king suarez] 07/1/2021 11:51

ZCash 'quietly' moving up too..

[brasso3] 07/1/2021 11:50

BTC going for new ATHs. :)

[hootza616] 07/1/2021 11:48

Look forward to the housewarming party, should be a good one!

[suffersnofools] 07/1/2021 11:44

Chance would be a fine thing! I'm currently managing a load of removal men! Hopefully Sophia vergara be be round later to provide the massage:)