Tuesday, March 9, 2021

With BTC on an upwards trajectory, there is still a value play in miners. Argo Blockchain £ARB $ARBKF has potential to rise above the rest of its competitors.

https://investorplace.com/2021/02/argo-blockchain-could-reach-40-why-6000-gains-might-just-be-the-start/

Currently sitting at around £2.40 and we may even get a small dip on Friday/Monday when IPO shares get released. This is an incredible bargain for what is in my view the best run crypto mining company on any markets.

This latest IPO offering, while being a small dilution, is actually paying for an increased stake in Pluto Digital Assets.

Argo have recently also just purchased a massive amount of land in Texas where they are going to expand their business using cheap renewable electricity.

https://www.proactiveinvestors.co.uk/companies/news/942821/argo-blockchain-cranks-up-production-in-february-942821.html

Argo have increased production of bitcoin from January to February and with Btc prices rising too, their revenue will increase exponentially from month to month.

One thing I like about Argo is how efficiently run they are, they're making margins if 81% on mining Bitcoin which tells me they can weather any potential dips in price very easily.

I was on the fence with bitcoin for the longest time, but I think its here to stay for the foreseeable future. More and more retailers are accepting it, big businesses like Tesla are investing in it and it is being talked about more and more. Price predictions vary but $100,000 per coin by the end of this year seems likely. This would in effect over double Argo's profit margins.

Argo's CEO is incredibly open and honest. He regularly posts video messages for investors explaining their business moves. Its refreshing to see and it really shows you the inner workings of the company.

Of course its a bet on Bitcoin climbing, although Argo is currently undervalued compared to riot and mara. It has a market cap approximately a third of its competitors with similar raw processing power and much better future prospects in my opinion.

A nasdaq listing is imminent and you can expect share price to triple in that event immediately and that's not taking into account the increasing bitcoin prices and the ever increasing production rates from Argo.

People are scared because Argo has had huge gains already but this really is the start. I think 10x current share price by the end of 2021 is more than likely.


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