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#ARB thread
With so much interest in the ongoing #Bitcoin
bull run and @ArgoBlockchain I decided to write a quick summary which might be of help to new holders and those who end up being interested in the company in the coming weeks/months.
With so much interest in the ongoing #Bitcoin
bull run and @ArgoBlockchain I decided to write a quick summary which might be of help to new holders and those who end up being interested in the company in the coming weeks/months.
CURRENT PERFORMANCE
#ARB is trading at a MCap of 24m with no long term debt and operating profit of circa £400k+ /month (after expenses) Business model is focused on mining #btc but also alternative crypto coins like $zcash. Recent announcements have further added to the offer
#ARB is trading at a MCap of 24m with no long term debt and operating profit of circa £400k+ /month (after expenses) Business model is focused on mining #btc
but also alternative crypto coins like $zcash. Recent announcements have further added to the offer
CURRENT PERFORMANCE 2
In October profits have been £480k with a #btc average of $12k. Compare this with current #btc price. Mining difficulty has dropped 16% which is massive (short term) for all miners including #ARB. November update could possibly be the best one by far.
In October profits have been £480k with a #btc
average of $12k. Compare this with current #btc price. Mining difficulty has dropped 16% which is massive (short term) for all miners including #ARB. November update could possibly be the best one by far.
BITCOIN
Average consensus is that #btc will hit ~$100k at the peak of the current bull run. Somewhere between 2021/22 Next year will be MASSIVE for #ARB. The likelihood is high for $18k by the end of 2020. By now you should start to understand the potential here
Average consensus is that #btc
will hit ~$100k at the peak of the current bull run. Somewhere between 2021/22 Next year will be MASSIVE for #ARB. The likelihood is high for $18k by the end of 2020. By now you should start to understand the potential here
VOLATILITY
Study the graphs of the previous #btc cycle. Pull backs of over 30% are expected within this cycle. Share price might fluctuate in line with bitcoin, so if you cant handle volatility well - #ARB is not the right company for you. I see this as top-up opportunities.
Study the graphs of the previous #btc
cycle. Pull backs of over 30% are expected within this cycle. Share price might fluctuate in line with bitcoin, so if you cant handle volatility well - #ARB is not the right company for you. I see this as top-up opportunities.
COMPETITORS
We have several US & Canada based competitors. Riot Blockchain (mcap 178m), Hive (mcap 181m), Hut8 (mcap 88m), Bitfarms (mcap 52m), Marathon Patent (mcap 124m) - all under performing #ARB (mcap £24m) on most measures & loaded with debt. DYOR and compare. Unbelievable
We have several US & Canada based competitors. Riot Blockchain (mcap 178m), Hive (mcap 181m), Hut8 (mcap 88m), Bitfarms (mcap 52m), Marathon Patent (mcap 124m) - all under performing #ARB (mcap £24m) on most measures & loaded with debt. DYOR and compare. Unbelievable
DUAL LISTING & GPU1 DEAL
Updates are expected within the next months on dual listing in America (most likely TSX I would imagine) and the recently announced GPU1 deal which will result in further improvements of margins. Both BIG catalysts for the future SP performance of #ARB
Updates are expected within the next months on dual listing in America (most likely TSX I would imagine) and the recently announced GPU1 deal which will result in further improvements of margins. Both BIG catalysts for the future SP performance of #ARB
EXPANSION
5/11 #ARB announced a deal to lease 4500 S19 miners for 2y which is likely to be HUGE for the company. In current #btc environment (price to diff ratio) this would result in over £10m net profit for the business (after deducting $10m depreciation)
5/11 #ARB announced a deal to lease 4500 S19 miners for 2y which is likely to be HUGE for the company. In current #btc
environment (price to diff ratio) this would result in over £10m net profit for the business (after deducting $10m depreciation)
HODL
Mining difficulty will keep increasing, but so will price. And this brings us to cash reserves which the company mainly keeps in #btc (and keeps increasing). Done on purpose as a 7-fold uplift in bitcoin = 7x worth of hodl, creating even more value for shareholders.
Mining difficulty will keep increasing, but so will price. And this brings us to cash reserves which the company mainly keeps in #btc
(and keeps increasing). Done on purpose as a 7-fold uplift in bitcoin = 7x worth of hodl, creating even more value for shareholders.
