IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: AmyStake, 2 Jul 2024 17:24
Last post: AmyStake, 2 Jul 2024 17:24
We desperately need a crypto explosion from here over summer
Started: red_rag_to_bull, 22 Jun 2024 12:56
Last post: CLSKBull, 2 Jul 2024 13:29
No HPC musings from Riot as yet. I don't know if they'd be suitable or not - Texas being hot and them curtailing a lot, plus track record not great for uptime/storm damage. Presumably all these things could be solved though. Will the poker star gamble or stick with BTC?
Yeah it's the uncertainty keeping BITF down.
Q2 will be dire for hodlers - although the uplift got largely ignored by the markets so the drops might also - but Q2 results won't look good without fasb due to the halving as it is.... Agree a sideways step might be appropriate when August gets closer. Hopefully BTC runs this month and gives a nice opportunity to rebalance.
Are any of RIOT's portfolio of MWs suitable for HPC or have they commented if they would look at HPC? I am guessing not, otherwise stock would have pumped.
BITF last thing I want in this environment is for money to be tied up. It is a tempting valuation though and I think might continue to go sideways for abit yet vs peers, which will make it even more tempting.
Q2 results will be interesting aswell, with FASB and the halving. Thinking it might be prudent to flee to non miners during this period, APLD and possibly MSTR and COIN, and hope there is a bloodbath to take advantage of.
Yeah RIOT is a tricky one, it's a terribly run company and they seem to lie to/mislead investors while taking heavy bonuses, and making a mess of BITF takeover attempt. But on the other hand they are heavily shorted, have a strong HODL, a large MW base and great electricity contracts. I've got some as I think they might pop upwards - but might end up dropping them as I've no conviction with them.
BITF definitely undervalued - but no CEO and the ongoing RIOT takeover attempt. If they actioned the poison pill I wouldn't want to be holding them as it would require a sum of money to participate in the placing, and would involve admin/timing burdens that I don't want.
Corz I value as fully diluted - which is around $4bil mcap - so I seem them as undervalued due to the hpc contract but not massively undervalued (could be wrong).
Yes I see the next few months leading into the first rate cut and US elections as a key time, so worth spending time keeping up with announcements - but if I can't outpace wgmi then it hasn't been time well spent!
Yeah the only miners that have really moved YTD are the HPC tickers, bar CLSK. BTBT being the exception because they don't own the infra probably. Seems logical that non HPC miners catch up some when Bitcoin moves but I'm not sure that happens, as the market seems to be pointing to the long term value being the quality of infra and power.
I was looking at possibly Bitfarms next. And Riot. And will return to BTBT as I think they announce more HPC business but think it might go sideways for a couple of weeks at least. Also thinking that Corz CoreWeave deal hasn't been fully priced in yet, with the warrants still up in the air.
Not enough time to look into all miners properly but it is time well spent because of the potential gains on the table, this next 3-4 months.
Yeah $6 would make it about $1.85 bil, which seems about right against Wulf and similar peers. Agree I thought it was overvalued also. Hard to argue that many miners are undervalued just now - there's a few laggards like HIVE, DGHI and BITF - probably HUT also - but the Canadian miners just seem to be this way and always underperform.
The HPC movement has been pivotal to the miners - without it we'd be a lot lower I think.
Started: HarChris, 1 Jul 2024 07:14
Last post: HarChris, 2 Jul 2024 13:07
Hi clsk - still only a small portion of my total holdings but yeah, added a bit to my MIGI position and bought some Mara at $20.50. I'm happy with that for now.
Are you in any miners now HC?
Going back to this it would be rather helpful to know what the cash position is now - could be anything from about $5m right down to just a couple of $m.
Any further BTC price erosion without a comparable fall in difficulty and Arb might just find cash dwindles to zero even before Q3 is out.
Yeah me three, the extension was when I thought the loan matured anyway. Odd.
You're right. The recent annual report also states 3 years. Who knows.....
Started: dagenham, 30 Jun 2024 15:48
Last post: dagenham, 30 Jun 2024 16:10
Just a few others. bitfarms up 80 percent in a year. and a couple of the smaller market cap stocks that get mentioned on here. stronghold down 35 percent and mawson down 24 percent in a year. striking the difference of where you put your chips on. and in that time trading last summer would of been a disaster in all bitcoin related stocks for months. in my opinion it is clear. great stock picking and diamond hands is the trick.
While i have a bit of time i have looked at this as the value of great stocking over 12 months is very important. and the results are already massive depending on how good or how crap you are. so a year ago up till now. clean spark up 271 percent and way above all. terawulf up 154 percent. iren up 142 percent. mara up 43 percent. riot down 40 percent. argo down 22 percent. bitdigital down 21 percent. look at the difference in a year. i put alot of value on great stock picking and diamond hands. looking at this your going to need to be a good stock picker. i left corz out because it was not trading and most of the rest have been poor considering the bitcoin rise over the last 12 months.
Started: AmyStake, 28 Jun 2024 09:49
Last post: Branston777, 28 Jun 2024 11:05
100% agree, hold on tight, could be the final hoorah for Argo, time to buy up and get ready I reckon one last time before cashing in the chips!
Feel we are on the cusp of a big crypto up move explosion
Started: johnboi1968, 27 Jun 2024 11:43
Last post: Chaebol, 27 Jun 2024 15:03
They still delivering over 30 bucks profit per day those KS3 miners, i'm paying 11 cents per kwh with hosting, i'm amazed MARA took so long to embrace the KASPA network.
Maybe Argo saves itself and buys Chaebols KS3 miners x;)
GLA
Does feel very 2020 cycle to be diversifying with an altcoin rather than HPC. And a big bet on Kaspa to have chosen it ahead of POW alternatives with larger market caps like bch or ltc. Chaebol will definitely approve!
They are following the Argo playbook it seems (ZEC anyone?).
Well we'll mara mining kaspa since September kept that quiet
Started: AmyStake, 26 Jun 2024 13:31
Last post: AmyStake, 26 Jun 2024 13:31
The low is hopefully in around this 58k range. Now we need to revisit the 72-74k swing highs. Lets see what happens in July. Should have a positive effect on ARB if so
Started: misterbeck, 26 Jun 2024 08:39
Last post: misterbeck, 26 Jun 2024 08:39
A few weeks old but relevant. Wall Street analysts have expressed optimism about TeraWulf's future prospects. Debt reduction, low power costs and strategic move into the AI/HPC sectors
https://www.cryptonite.ae/global/terawulf-stock-surge-bitcoin-ai
Started: red_rag_to_bull, 18 Jun 2024 20:11
Last post: misterbeck, 21 Jun 2024 12:52
$WULF DAPP VanEck Digital Transformation ETF bought 57,2421 shares of WULF yesterday and now owns 3,322,618 shares.
Agree btbt due a run.
Current pick for me, outside of APLD is BTBT. By my reckoning, it is the only small cap miner not to have started rerating yet this past month. Chart looks ready to burst and ETH ETF news a possibly catalyst. HODL and cash more than 50% of its mcap and due to announce more AI business any day now.
Will be keeping an eye of CORZ dips aswell. Ideal would be BTBT to fly and then move into CORZ on a dip.
Crazy !!! But this game makes us do crazy things
Https://www.hl.co.uk/shares/shares-search-results/v/vaneck-vectorstm-digital-assets-equity-ucit
Always a fund like this which invests in a number of the miners as well as Microstrategy, coinbase etc.
Started: AmyStake, 20 Jun 2024 13:09
Last post: AmyStake, 20 Jun 2024 13:09
Is the bottom in for now? Short term uplift?
Started: Kpa1, 19 Jun 2024 22:04
Last post: misterbeck, 20 Jun 2024 09:24
COIN + MSTR have proved great investments over last 12-24 months. Small cap miners have made some big moves in last 4-6 weeks - big cap miners have become shorting targets for hedge funds but hopefully can recover soon. Maybe good to have some exposure to AI too imo. My PF currently includes WULF, MSTR + APLD. Would recommend DAGB if you are looking for a stable diversified crypto stock.
Have you thought about buying Coinbase or Microstrategy shares.
Bought them via my ISA in June 22 & since then price has gone up roughly -
BTC x3
Coinbase x4
Microstrategy x6
Anybody here actively adding cash and buying crypto in coinbase....i opened account but not bought any yet ...obviously can only but tiny percentage as so expensive
Started: AmyStake, 19 Jun 2024 10:44
Last post: AmyStake, 19 Jun 2024 10:44
ETH looks better than Bitcoin in terms of strength. But both nicely off their lows of yesterday. Some signs we might be getting a sizeable bounce
Last post: dagenham, 18 Jun 2024 21:08
So as i was on about this early on the day to see what miner out of the main miners showed real positive strength on a general poor day for miners and bitcoin yet again. and look at what sticks out like a sore thumb. it does not come as a surprise for me. terawulf. up nearly 3 percent with a strong finish on a bad day.
Misterbeck. i think we just need to get the next 8 or 9 months over with from here. get out with a load of cash and sell the lot and that means all miners. it could take up to 3 months from here for a true parabolic move to start with bitcoin. if so it is critical an 8 / 9 month outlook, very good stock picking from the secter and diamond hands. otherwise the day to day nonsense with bitcoin just goes on and on.
Good to hear 404x. I am playing it in the hope we see a spike if/when this hyper scaler that wants their Ellendale MWs gets announced. The site is supposed to be going live next year, so expecting the hyper scaler to be announced soon.
Corz I think is still a great bet under $15.
I have a bit of applied digital also. like said it is up 100 percent from lows and if buying in be careful your not spiked with applied digital. 3 dollars was the best price to get in but would not surprise me if it went a fair bit higher. .
Jimmy_Stocks fwiw I like and hold a bit of Applied.
Upside for me is it's less exposed to btc price than pure play miners (I hold those too), but same exposure to infrastructure which obvs in mega demand at the moment from AI arms race.
If you compare the ratio of MW to enterprise value vs any other miner, it's far cheaper - as you'd expect without the btc premium. But I believe that discount will narrow because machines (the only thing that differentiates it from a pure miner) are abundant and fast depreciating, whereas these US sites finite and take years to build and go live. Plus grid hitting capacity means approval for new sites will be increasingly hard to come by. Easier for someone to just by the company.
I went big on Corz for similar reasons, but caveat is this time market is already alive to AI data centre needs so lightning may not strike twice. Another big caveat is it's already up 100%+ from lows.
Started: AmyStake, 17 Jun 2024 13:13
Last post: AmyStake, 17 Jun 2024 13:13
ARB suffering and dripping lower. We desperately need that big breakout higher
Started: LongInvestor, 12 Jun 2024 14:42
Last post: Bowlers12, 15 Jun 2024 09:27
I agree poorinvestor but no time to invest at the moment with being on my cruise
*Excuse iPhone typos )
Agree PI. Good to keep some cash whilst BTC is looking for direction. Although I would suspect that the long term trend will be upwards . Small cap miners all doing well and taking it in turn to make decent runs. The bigger miners victim of sustained shorting attacks Mara especially. Riot just acquired 14% of Bitfarns and looking in a string position for now with little debt.
I sliced some more Wulf yesterday at $4.05 and tipped up in MSTR at $1445 Saylor Raising $500n to buy more bitcoin. Let’s see what happens there. Good luck.
Hi Bowlers, funds don’t do it for me. Bitcoin related stock and nearly bankrupt companies is where I really enjoy investing at the moment, funds have little returns compared to the high risk stocks lol.
I am staying in funds poorinvestor someone has wasted 25 grand today buying Argo shares
It must be Sags haha
Started: AmyStake, 13 Jun 2024 08:05
Last post: AmyStake, 13 Jun 2024 14:58
Yes we absolutely need a parabolic crypto move over the summer that Argo can latch onto. If we get that and some decent sentiment and volume arrives, we could see price up significantly from these levels. That would be the opportunity for the ARGO bod to lock in some substantial money to try and save the company
Thanks for acknowledging my point Amy about the time urgency re BTC price discovery...
Come end of December Galaxy holds Argo's fate in its hands due to the hosting agreement ending and ~£13m loan repayment due. Argo needs to raise £25m+ to have any chance of surviving past that point (and that's just surviving) and yet they only pulled off £7.8m last time at 20.5p so you can see how big of an ask that is.
I believe before late August, before the interims, is when that price discovery must occur if there's any chance of survival whatsoever. Why? Well BTC and difficulty being equal those interims will reveal a cash position in the range of ~£4m-£8m as of end of June and max 4 months left (end of Dec). That's when the sell off really kicks in and we see the late 2022/early 2023 lows again of ~3p.
From there even if there is a last gap btc price spike Argo would have to rise multiples, maybe 10x or 15x to get to the level where they could pull off a big enough discounted raise to get over the Galaxy hurdles - that's not realistic.
So I think the countdown clock is 10 weeks from today.
Ea i think if we get a period of price discovery, with alt coins going mental and the whole world talking about Crypto, then Argo should go on a nice run. For no reason other than sentiment might i add, because as we know the fundamentals leave alot to be desired
Agreed. Markets got ahead of themselves on the CPI print. The Dot Plot showing only one Fed rate cut this year took things back to earth. Nevertheless, it seems like it does want to break north of the range once the conditions are right. What we really need is a period of price discovery after that to get Bitcoin back onto the front page of the mainstream fin-press and for fees to remain 'higher for longer' (to coin a phrase!)
CPI figure was good so everything pumped, including BTC from 67k to almost 70k. Now back to 67k lets see what happens. Gut says more chop then breakout higher
Range is 66-70k for now
Last post: WolfHanna, 13 Jun 2024 09:45
Wow... whoever mentioned TeraWulf thanks.... its ripping. approaching 12 month high and still a long way to go to the last bull market high. fingers crossed thanks again.
Started: AmyStake, 12 Jun 2024 14:42
Last post: AmyStake, 12 Jun 2024 14:42
Strong CPI print. Break this 72k area and could be ready to run hard
Started: AmyStake, 10 Jun 2024 08:30
Last post: misterbeck, 12 Jun 2024 14:41
I might have to get a 2nd Maga cap (serious)
I might have to get a Maga cap at this rate (joke)
Yes the democrats have been largely against bitcoin mining, and now Trump picking up some easy votes.
You should have got out before Amy when everyone depicted Argo demise I actually made a profit on Argo by going in and out of it and overall made about £500 profit on it
Looks like my post got deleted maybe because of what I said about the clsk guy lol? But if anyone missed it or cares, it was otherwise just saying mining being politicised already a big theme this year but now accelerating https://archive.is/VvcQ4
@clskbull Strange times indeed mate, whatever our views of these parties it does seem like a Republican win will now be a clear catalyst for miner stocks.
Started: red_rag_to_bull, 7 Jun 2024 23:41
Last post: 404x, 9 Jun 2024 17:17
Yeah shame that didn't last. Mara did manage to grab a couple of blocks with whopping 4btc+ fees (846899, 846901). Both noticeably very small # of transactions, similar form to those exceptional blocks around halving so at first glance I assumed layer 2 related.
Well, that didn’t age well….
Apparently the pop was due to a big consolidation of small UTXOs from a large miner therefore causing a demand spike.
Avg fees v reward currently sitting at 39.9% at time of writing. It's bumped the hash price up nicely....are miners away to finally get a period of stronger earnings? 🤞
It's actually what we already knew pretty much anyway although the table has a weird format. Having gone over it a couple of times this is all it means:
Chippas has a yearly salary of $400k. On top of this there are performance related bonuses that can either be 50%, i.e $200k per year or 100%, $400k. Finally, which is where the vast bulk potentially comes from, is the 2.85m ADR shares that were issued upon his appointment, with one third vesting each November (2024, 2025 & 2026).
And then to get to those numbers it's assumed that the share price is 50% higher from data of grant i.e ~$1.85 per ADR share.
_________
Still, $400k a year for a cash strapped company with up to $400k in bonuses (with 'targets' being met decided by those two on the remuneration committee) + a huge amount to be made if Argo is still in business each November (with a half decent share price in tact) seems excessive.
Had a quick look at policy. A bit wooly and seems that pay is largely determined by the Remuneration Committee - which is 2 directors. Think they are perhaps marking their own homework? A+'s all round.
Maria Perrella (Chair of the Audit and Remuneration Committees)
Raghav Chopra (Member of the Audit and Remuneration Committees)
"The Remuneration Committee consists of myself, as Chair, and Raghav Chopra as member"
If you fancy some bedtime reading the remuneration policy that was voted on is here (I don't know why they've uploaded the same document 10 times) https://argoblockchain.com/investors/stock-information/annual-general-meetings
It was set to apply for next 3 years so looks like they'll have to go back to drawing board. Table illustrating CEO's max pay (inc shares if targets hit) of $6m+ presumably a big factor behind the shareholder rebellion.
HC - I don’t know the details of the resolutions they were voting on and just assumed they related to payments yet to be made.
If it is past awards though then like you I’m not sure what happens next as Corporate Governance is not an area I’m that familiar with - certainly on this particular sort of thing.
Bali boy Wall wins again. A lot of people bought his rubbish and nonsense. He landed lucky with Argo and then totally obliterated hundreds of millions on storytelling and ensured that Argo will never amount to anything.
Corporate destruction ! when really it deserves some tougher scrutiny, but this is the mad world we are in, and probably still mad investors that will buy into his mayhem, some still do with Argo x;)
GLA
Started: poorinvester, 6 Jun 2024 14:51
Last post: misterbeck, 7 Jun 2024 00:52
Happy days indeed. Great moves by wulf over last couple of days. Back of the net!
Yes indeed; looking good as of late. some shorters gettin outta dodge, and others betting on WULF AI/HPC instrastructure methinks.
Happy days.
Started: BeanCounting, 5 Jun 2024 07:25
Last post: CLSKBull, 5 Jun 2024 20:54
Yeah a good sign. We have to suffer today but if bitcoin and markets hold they should run up again. Quite a bit of short interest to turbo boost at some point.
Riot proving to be resilient despite the report has to be good for all miners ultimately, so I'll take that, whatever our views on market mispricing vs peers. Had a positive shout from JPM which maybe helped.
https://www.investing.com/news/cryptocurrency-news/jpmorgan-updates-bitcoin-miner-models-and-price-targets-3469647
Instead of just looking at Riot's bitcoin held compare the two companies in terms of net cash/bitcoin i.e cash + bitcoin - debt and you'll see why there is such a difference in mcap.
If BTC rallies hard that difference in net cash increases dramatically due to the large bitcoin holdings and if BTC tumbles Riot's net cash position protects them whereas Corz may run into some trouble.
I think the ai deal should be reviewed as it's probably undervalued, plus the rest of the infrastructure and a clear debt solution. It has room to run for sure
Corz has 26 EH operational now vs Riot at 14.7 EH.
In May Corz mined 447 btc (+128 btc by customers hosting with them) vs Riot 215 btc.
Riot has the better balance sheet certainly, and that 9k btc adds ~$650m of value. But headline for me is that Corz is still $1.45bn cheaper than Riot, so if the short report is wrong and Riot is valued fairly today, Corz must be a steal at this level.
Started: ScottNitrous, 5 Jun 2024 16:54
Last post: ScottNitrous, 5 Jun 2024 16:54
Share price held up well today. :0)
Started: Openheimer, 5 Jun 2024 07:30
Last post: Hexam, 5 Jun 2024 08:10
Just ignore Oppie - he's just yet another of those tiresome posters that unfortunately plague these boards who shout their book without much of a clue of what they are actually shouting about.
It won't go under 5p today, none of this is news, they have been a zombie company for over a year now.
Take a position on it if that's what you think
This is going well under 5p today.
MCAP is unjustified MASSIVELY and they are losing month onmonth by 56%
This goes to 1p