Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
I have a similar view. Argo has the option to sell at current price or hold until price recovers. All coins mined YTD would have been sold at the higher daily BTC price. Depending on how long it takes for BTC to recover it may drag the average down, but this should be more than offset by the increased volume of mined BTC due to imminent equipment upgrades. I believe there are a few variables in place to counter the impact of BTC drop.
Tweet of the day:
https://twitter.com/HTDcris/status/1348580043723841537
I’ve been running a few scenarios on my end to determine how fluctuations in BTC price, PH rates / mining volume and PE ratios could determine the ARB share price in future. Given there are some bold expectations on BTC prices, what PE range would be reasonable to expect in the mining space? I’d say 25 at a minimum. Just curious what range is healthy to embed in modelling.
Argo
@ArgoBlockchain
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40m
To clear up any confusion:
Argo's application for the OTCQB is still in process as per our last announcement. When final approval is given, we will release an RNS, as per our regulatory requirements.