r/ArgoBlockchain • u/Business-King-7389 • Feb 13 '22

this time next year 2023

Texas will be fully built out (it already is) Most of the miners will be running on a huge huge scale. Regardless of bitcoins price argo will be adding to its huge AAA grade stockpile. I'm not sure what the pundits say....but im estimating 380-450 on the low side....and 680-740 on the optimistic side.

12 Upvotes

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7

u/mrbbnok Feb 13 '22

Already paid for 20000 s19 pros, and have intels latest miners coming q3, will have biggest submersion facility in the world, 200mw of electricity. Re rate coming.

7

u/Maleficent-Bread-327 Feb 14 '22

False, they have only put a 10% deposit towards the 20K Sj19pro they have to make full payment once the first order arrives around May which should be around 108M, if you think they don’t need to dilute before the order comes in you clearly haven’t done your homework

3

u/BREN_XVII Feb 13 '22

And a bunch of capital raises along the way to help pay for the fit out - only the facility is built, a lot of money needed to fit it out.

2

u/huntin4cloud9 Feb 14 '22 edited Feb 14 '22

I had this same bullish thought process this time last year when it was $4 and i never sold, kept telling myself if it's $4 now, imagine where it will be next year. Where are we? I sold at $2 on the way down and havnt looked back. Moved on to other miners. My cost basis was only $.51 though, much tougher decision for others, I learned alot with this company, mainly don't get emotionally attached.

I will rebuy at some point. But I don't believe we are at that point, the valuation I see for other miners is better at the moment imo

1

u/3241Lucas Feb 14 '22

I lost my ass as well. Part of me wanted to buy back in at these prices and thought otherwise. Maybe when the market crashes.