Argo Blockchain Share Discussion Threads

[ilostthelot] 19/9/2019 08:24

Next year we'll see a massive re rate. Steady bit coin price of an average of $10,000 will do us just fine anything else is a bonus.

[fuji99] 19/9/2019 08:14

I think they have installed and will install more machines than expected.
There will be an additional 6000 by year end - already installed 6000 so far.
"The additoinal 6000 machines are ON ORDER".
-----------------------------------------------------------
Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce that following the installation of 1,000 new Antminer T17 Bitmain mining machines, the total number of machines in production has increased from 5,000 to 6,000.

The Company expects to increase its installed base rapidly over the remainder of this year. The additional 6,000 machines are on order and are expected to be installed over the next two quarters.

The Company plans to provide a third-quarter operational update in early October.

[scottman72] 19/9/2019 08:02

I think the current RNS is effectively delaying that, although it’s not entirely clear. The statement says the remaining 6000 of the 7000 will be installed over the next two quarters. i.e. Into early 2020

[kcowe] 19/9/2019 07:59

7000 machines will be mining how many bitcoin after the halving next may?

[fuji99] 19/9/2019 07:57

At the end of Q4 2019. - "As part of the Company's previously announced expansion, an additional 7,000 state-of-the-art mining machines will be delivered and in production by the end of Q4 2019."

[scottman72] 19/9/2019 07:54

Yes, they are talking about existing installation by November of 7025 rather than then.
Can’t wait for the update in a few weeks time. With the extra units this could be a nice step up in share price coming.

[fuji99] 19/9/2019 07:47

This is what we call super reliable and efficient. What they say they do it. I am convinced we have one of the best pragmatic and action focused management team around.
Very pleased with their action-focused mind.

[homebrewruss] 19/9/2019 07:40

Re the 7025 I think that is what they were planning on having installed by the beginning of November.

'The new hardware is expected to be delivered at the beginning of November and will complement an existing installed base of 7,025 machines'

If you read the August update they had 3000 odd machines.

[ssrover] 19/9/2019 07:39

Bitcoin dropping again so will see ARB share price follow suit

[chrisan101] 19/9/2019 07:35

Sys installed base, 7025, so maybe wasn't the number of machines producing. Maybe they install and then have to get them producing.

[someuwin] 19/9/2019 07:29

19(th) September 2019

Argo Blockchain PLC

('Argo' or 'the Company')

New mining hardware installed and operational

Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce that following the installation of 1,000 new Antminer T17 Bitmain mining machines, the total number of machines in production has increased from 5,000 to 6,000.

The Company expects to increase its installed base rapidly over the remainder of this year. The additional 6,000 machines are on order and are expected to be installed over the next two quarters.

The Company plans to provide a third-quarter operational update in early October.

[hootza616] 19/9/2019 07:28

A day to accumulate coming me thinks! BTC drop will scare off the uneducated here! Ready with my cash!

[scotty666] 19/9/2019 07:27

horneblower - roger is just being ignorant or stupid but likely both !!

[dafad] 19/9/2019 07:25

Rns out 1000 extra machines installed taking total to 6000

But in previous Rns on 4th july it said it had 7025

The new hardware is expected to be delivered at the beginning of November and will complement an existing installed base of 7,025 machines. Following installation, the Company's total Bitcoin (BTC) mining capacity will increase by roughly 129% to 505 petahash (PH).

Anyone able to explain

[trustmeimastomach] 18/9/2019 22:16

And $link..

[roddyb] 18/9/2019 17:49

?? But ARB are cashing-in (exchanging) their crypto for machines? Isn't that the same as cash? We would need cash in lieu of crypto? This is very generative and in the short run it is very profitable - as long as BTC stays above 8to9k

anyway - we will be bought out before we have a chance to enjoy too much more money making, someone will want to take ARB as a going concern and scale up from there, we SH's are just a prelude.

[roger207] 18/9/2019 16:41

Buying share must be with cash not with crypto. ARB can't exchange their CRYPTO with cash, why do you want to pay share with your cash if ARB can't generate cash? Cash is KING, ARB only have less than £5m in the bank. Don't pay right issue with your cash if that happens. Pay with crypto.

[aidenabettin] 18/9/2019 15:45

hTTps://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

[fuji99] 18/9/2019 13:33

When there won't be any share left to sell, the share price will resume its rise and naives will buy back at a higher price as usual.
Sell low and buy high is the song.

[manc10] 18/9/2019 13:25

hamid the troll how yu group doing what goes around comes around

[aidenabettin] 18/9/2019 11:43

Increase exposure.By opening a collateralized debt position (CDP), individuals can increase their exposure to an underlying asset and effectively trade on margin.

[aidenabettin] 18/9/2019 11:43

my CDP is not worthless and sitting at 420% collateral . hTTps://makerdao.com/en/

[nico115] 18/9/2019 11:36

Haha you are deluded Most cryptos will be worthless