Argo Blockchai. Share Price (ARB)

We desperately need a crypto explosion from here over summer

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.

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 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!