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Started: CLSKBull, 2 Apr 2024 08:56
Last post: CLSKBull, 2 Apr 2024 11:37
Memorial day is 27 May 2024 so it might open soon. I'll have to go there if I'm ever in Texas just to see it.
Haha can't trust any of them. There is a cooling %, not sure how much that would be for immersion but 40MW would sound too high. 5.9EH of S19J pro's would fit in 200MW allowing 10% extra for cooling wattage.
Novogratz said 200 on that vid but to be honest I don't really trust him, higher than they say officially, so much bs on youtube, but mainly sensed he's a bit of a wrongun because of his Luna tattoo.
Is helios actually at 200mw now? i know their latest update mention expansions to 4.5 eh or 5.4 eh on S19 pros? thats about 160 mw.
Galaxy have been slow on Helios and no other build out of MW on site? Kudos to Galaxy for doing the pool and the nice slap about keeping promises. The woman in the video made me laugh 'That defunct pool has been representing what's been happening in this rotten town'
Sounds like Galaxy want good relations, which looks like they gonna dig (with shovels x;)) and build.
Where it gets a bit messy and typical lack of forward planning is the loan term was 36 months, so if the hosting agreement did terminate, they'd still have another 12 months of payments, but at that point without the revenue to cover them.
The machines were put down as collateral as part of that loan. Seems checkmate to Galaxy whichever way you look at it, I think they keep this site for themselves and use it to hype up their own share price, they're already on that path.
Yeah the agreement now is on favourable terms, and it's a small miracle Galaxy kept their word on it - as PW was clearly going to agree to anything at that point an who knows what was actually signed.
I can't see them renewing it - but then Argo is left with modified machines and nowhere to put them.
Or does Galaxy sell Helios to the highest bidder given Mara and CLSK are looking for sites? But then why bother with the pool?
Started: iangibbins67gmai, 2 Apr 2024 03:10
Last post: CLSKBull, 2 Apr 2024 08:50
These ATMs are frustrating for sure. Inflates the mcap but does nothing for the share price. I think the smaller miners are where the money will be made this cycle - however which ones and how to time I've no idea.
Note that the version on Marapool has updated recently - it is now v031924. Mined 6 blocks yesterday but none so far today. I'm in two minds about whether the hash issues are physical or to do with the pool.
Not* note.
As long as Mara dont do a CLSK and announce another ATM right after its completion. They can issue 500 million shares. A lot of these miners seem hell bent on issuing the authorised count.
Good day yday for IREN in a sea of red for the miners. The end of the raise for iren definitely gave shareholders an accretive day x;) other miners take not plz.
Iren announced yesterday that they'd finished their raise and they jumped 20%. Suspect Mara would jump on completion of their ATM. Maybe their monthly update gives something.
I'd chill Ian, you have to find a way to zoom out ro youre going to keep flipping your investments, we haven't hit the halving yet or the actual bull cycle.
70k BTC or 66k this morning and 22 bucks mara isnt that harsh when you bear in mind the MCAP is still over 6 billion. Dilution is why we are at 22 per share.
Mara has so many things going on now that the market has no way to value it, im reckoning another 6 months and mara will be in a place where we are all happy and satisfied but no way am i getting flustered yet.
Mara next share count will be interesting, they pretty much have double what the best miners have but they dont have double the share count and CLSK and RIOT have a lot of catching up to do.
Started: growthinvestor20, 31 Mar 2024 21:13
Last post: Redinjun, 1 Apr 2024 20:16
Thanks
Galaxy are claiming to have expanded Helios, so would have their own rigs in the expanded parts. In below link 'Proprietary' refers to themselves (rated at 1.9 EH), then 'Hosted' is Argo at 2.2EH.
https://investor.galaxy.com/news/news-details/2024/Galaxy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx
Good spot; he said 5 exahash which would rule out it just being Argo's rigs.
Https://youtu.be/pKT83tHrGa0?si=5QkWHqfjKkd5RU4D
See question from 22m 20s in this interview with Galaxy CEO. Hes talking about Helios right? I thought they just bought the site and Argo were doing the mining but hes implying Galaxy have the cheapest cost to mine mining operation.
Am i misinterpreting what hes saying?
Galaxy results were last Monday i think so this vid is a week old.
Started: Chaebol, 28 Mar 2024 09:32
Last post: Jimmy_Stocks, 1 Apr 2024 11:07
Also Bitfarms, the recent fireside CLSK chat, they were talking about Canadian energy and basically saying anybody mining in Canada is going to be screwed in a month or so, because of rising energy prices. Anybody hear that? Bitfarms mines 41% of their ops in Quebec I believe. They are on my watchlist as ATM has crippled the SP but didn't know if there was anything to this?
It is another benefit of WULF, fixed price on their energy for 5 years, with 2 back to back 3 year renewals I believe. And one of the lowest prices in the sector already. With inflation, those rates they have locked down are going to look silly in a couple of years.
The thing with CLSK for me is it has already run some. Credit to the management for tapping the ATM when SP is flying. It will stand the company in really good stead for years to come but is it going to run another 6x from here? Same with MARA, is that going to be $50b+ mcap? They could do but seems there are more likely candidates for bigger moves % wise.
Is there anywhere that lists the dates for when miners release their monthly numbers?
You definitely don't Dags lad
"When A Man's Got Money In His Pocket, He Begins To Appreciate Peace"
Started: poorinvester, 30 Mar 2024 23:48
Last post: poorinvester, 30 Mar 2024 23:58
Great interview by the ceo. A very good watch if you are invested in this space.
Started: Chaebol, 30 Mar 2024 21:50
Last post: Chaebol, 30 Mar 2024 21:50
Coinbase most straightforward for UK.
For added security transfer to wallet such as Trezor or Ledger
Anybody on here actually bought bitcoin directly and holding in a wallet? Who would you recommend for to buy through with no access hassle?
Started: Chaebol, 30 Mar 2024 08:31
Last post: Chaebol, 30 Mar 2024 08:31
Https://www.datacenterdynamics.com/en/analysis/how-meta-redesigned-its-data-centers-for-the-ai-era/
Meta is building some amazing data centers with far more capacity and immersion obviously not showing them the results they desire.
The company has, however, settled on the fact that it won't use immersion cooling, at least for the foreseeable future. "We have investigated it," Duong said. "Is it something that is scalable and operationalized for our usage and our scale? Not at the moment.
"When you imagine the complications of immersion cooling for operations, it's a major challenge that we would have to overcome and solve for if we were ever to deploy anything like that at scale."
Last post: Chaebol, 29 Mar 2024 21:55
Lol.
Let's see who is sitting on 70 EH plugged in by end of 2025.
2025 is too late
14.99 with mara firmware x;)
Been reading Mara earning call, Fred actually mentions 70 EH by end of 2025
By the end of 2025, we plan to be at 50 exahash, which is approximately double our current capacity. These targets are based on our current machine orders in the pipeline. However, we believe there are opportunities to accelerate the timeline and realize these targets even sooner.
So you may ask how are we going to get there. To start, we have orders and options for machines that represent upwards of 45 additional exahash with orders for 22 exahash of miners already placed and inbound with the option to add another 23 exahash of capacity.
22 EH ordered. interesting.
Can't see it but their website has an immersion model that is 15.
Started: mystic1076, 29 Mar 2024 20:01
Last post: Bowlers12, 29 Mar 2024 20:10
No chance Argo ever going up again come the halving Argo caput
This means LON:Argo will rocket up Tuesday morning to circa 19p??? Anyone here why the big jump??
Started: growthinvestor20, 28 Mar 2024 14:48
Last post: misterbeck, 28 Mar 2024 21:19
@iangibbins67gmai. Same as me. Got played today on both stocks thinking mara was the safe haven. Ouch!
Chaebol, like I have said before Mara are no 1 miner , so frustrating to watch btc go from 42 to 70 and go down that’s why I jumped after reading the selling off of shares , I always knew Mara would moon if btc keeps going , iam going to stick with Mara now I can’t b doing jumping around any more , it hasn’t done me me any good ,, tam mara
Lol try being in Mara with a big amount and watch BTC over a few weeks go from 42k to 70 odd k and mara goes down x;) and even worse the 2 companies i have no time for CLSK and MSTR mooned!
I hope I get my cake soon for keeping the conviction.
I was in micro today and have never seen anything like it btc flying and micro crashing Iv made 23% on micro this week , when it was 14% down I thought this s is going to do 20% + so I jumped ship and followed what he thought investors were doing and got in to Mara at +9% then had to watch micro claw some back and Mara drop to + 2 % , terrible day for me but that’s it for me iam staying in Mara now and just waiting , and all this on a day where btc has done ok , it’s absolutely madness
Yeh looks as though some mob is in trouble on a short( it went up hard and fast) some firms must have been harmed in that and some form of fud had to come along and mess with MSTR sentiment. Im not a fan of MSTR or Saylor but no real skeletons or acts of fraud in this report stand out to me.
Brave mob backing btc and shorting MSTR. I have a feeling they getting rekt on that short as well.
SBF - 25 years inside, ouch !!!
I'm praying 🙏 mara keeps ticking up
Last post: Bowlers12, 28 Mar 2024 17:35
Bowlers dead Mr Beck
I have retired spitfire you are an argumentative soua jokel can't you takea
By the way has anyone seen Bowlers!?! "Well lads now we know argo gone bust"
ARB currently seems to be enjoying a stay of execution.
Re Bowlers ,,,,,,,PS I'm NOT your pal !!!!!!
Started: poorinvester, 28 Mar 2024 15:01
Last post: poorinvester, 28 Mar 2024 15:01
Like I said, next time I buy share, I’ll let you know. I’m tired of you making things up. I’ve just bought HZM, around 1.45. Just a quick punt for me, I have dry powder so I can buy more if it drops. I love a good punt. :-)
A dollar a day helps you work rest and play
Mara price action is perverse... but a nice healthy push north today with profits coming in from other miners.. long may it continue. Obviously it has been played and still is.
Or mara really doesnt like 70k BTC x;) whatever it is i'll take it....Mara should be around 40's based on MSTR and CLSK recent rallies.
Long way to go but definitely nice seeing some MARA green today.
Yep, let's hope this is it now. Switched a big chunk of my MSTR to mara earlier and then topped it up for good measure. GLA.
Mara coming to life hopefully it continues
Started: iangibbins67gmai, 27 Mar 2024 09:11
Last post: Bowlers12, 27 Mar 2024 17:27
Mara doing well today
The thing with Mara is the sell off of shares , no one knows what price or how many is left to sell, untill this is made clear investors will b very wary, if btc rockets and Mara start to move as soon as it hits a sell of point for the shares being sold by Mara it will stop dead and imo that’s what’s happening
Clsk..
"Did you see this on Riot:"
No I've not actually, doesn't make for pleasant reading tbh
Did you see this on Riot:
https://twitter.com/penny_ether/status/1769789511439962117
I sold half my cleanspark yesterday, we need a bit of momentum to get us above where we are, I hit 100% profit again so took half again.
I imagine the other miners will start to play catch up soon.. I still think riot is the second best (even though I hold mara doh).
Started: red_rag_to_bull, 27 Mar 2024 12:01
Last post: red_rag_to_bull, 27 Mar 2024 12:01
Erm, wen moon? Until we see higher on chain fees and higher block rewards as a result, i can't see anything moving significantly here. I'm actually surprised we are not seeing a lift yet. Anyone got any thoughts as to why?
Started: denisthemenace, 26 Mar 2024 12:25
Last post: Kpa1, 27 Mar 2024 11:56
Because u constantly make digs on my comments their ..and I have replied obviously..u are a irritating oik arnt you....most hated bloke on boo for some reason....
The only thing I can vaguely remember was you being a complete dick but maybe I was wrong :-)
Lol, "merely looked"
Just 31 times in a month.
Quite a few for a non holder ;)
U followed me to pru ....I merely looked into boo and see you was getting pelters...
Well you do seem to enjoy following me about with silly digs, fairs fair
Started: growthinvestor20, 27 Mar 2024 06:23
Last post: growthinvestor20, 27 Mar 2024 06:23
Https://farside.co.uk/?p=997
Well great start to the week of net $418m inflows - and even better a good contribution by all totally swamping another $212m outflow from Grayscale. Another day of drainage closer to it stopping - and then we could see some really big inflows daily.
Bitcoin looking strong - hopefully a push back over 71k today and another few days of good inflows and positivity and maybe we see another ATH in time by easter, or at the very least consolidation nicely above the previous 69k ATH.
Mara lagging , MSTR doing this thing but all should rise if this continues.
👏
Last post: Chopsing, 26 Mar 2024 21:31
Going to change my user name to MaraChopsing haha
I’ve made big money backing mstr and pulling that profit out. Still have my original investment in there as I believe there’s more to come. Doubled my money backing Clsk but pulled the lot out after it became ramped up but admittedly I should have left it run. It’s due a correction in my opinion so happy to pull my money out with no regrets. Back in Mara as it’s under valued and potential is huge.
Q : do you back an undervalued stock or an overvalued stock , the answer will make you money I guarantee.
Conclusion: never ever ever fall in love with an investment period.
Fair play, glad to hear you're doing well with the others and I've no doubt your strategy will pay dividends once Mara heads to where it should be. GL.
So why not make money on everything else until the tide turns?
Definitely, we have quite a lot of commentary here on miners in general, CLSK and MSTR have won the big prizes in this btc run from 42k to 70k ish. MSTR still looks great at the current price as BTC has way more to go, I'm not so sure on CLSK MCAP and how that sustains itself and could quickly become the shorters miners choice. I'm in MIGI and a couple of other things myself so im not all mara based but atm this mara price is undervalued, so i'll add as much as i can when i can.
GL
Lovely jubbly
Started: CLSKBull, 26 Mar 2024 12:30
Last post: 404x, 26 Mar 2024 19:43
Hard pass on buying into companies giving these nonsense numbers, did think Galaxy were better than this. Cost to mine per coin is a bad metric at the best of times, this example particularly awful. In a competition to see who can blag stripping out the most costs I think Galaxy may win.
"The calculation excludes depreciation, mark-to-market on power contracts, and corporate overhead."
For the full year 2023, Galaxy mined 1,077 bitcoin from our proprietary mining operations at an average marginal cost to mine of less than $8,000.
the 5-10k breakeven staying alive lol PW was right x;) Jokers.
Oops - 404 beat me to it.
Https://investor.galaxy.com/news/news-details/2024/Galaxy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx
Doesn't tell me a lot but interesting anyway.
Started: denisthemenace, 26 Mar 2024 19:41
Last post: denisthemenace, 26 Mar 2024 19:41
Tbh i used to hate mara. But it is very obvious that mara is nr 1. Market cap dictates the winner in this space. The rest just follows if money is managed in a decent way.
Started: denisthemenace, 26 Mar 2024 12:27
Last post: denisthemenace, 26 Mar 2024 13:09
That s what i was considering aswell , post halving would be the best buy. But i feel like all miners have taken such a beating that we can t be that far off the true bottom.
@denisthemenace - "but is it time to buy or is it too early" that's the key question, and there's varying opinions of that on this board.
my own view I've posted below, if I'm wrong, so be it, but the lion's share of my purchases will be made immediately post-halving. I respect anyone else's buying strategy as it's darn difficult to time this thing.
Been staying away from miners for a while now , but is it time to buy or is it too early. Miners have given me a hard time. I m not touching argo for now unless there is some clear development .
HC - Gold miner getting in on bitcoin. You'd better have a word with management of that gold miner you were in:
https://www.globenewswire.com/news-release/2024/03/25/2851986/0/en/Nilam-Resources-Enters-Letters-of-Intent-to-Acquire-24-800-Bitcoin.html
Mara is definitely undervalued compared to Cleanspark and Wulf seems to gone in the right direction getting rid of its debt.Although I am in all three I think Fred should have bought more bitcoin with that dilution.It helped Mstr which is now sitting on a huge premium compared to bitcoin.