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16 June 2021
09:02 hour

Riot Blockchain May bitcoin production more than triples from a year ago

Seeking Alpha

10/06/2021 - 23:34


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Related headlines:

  1. Riot Blockchain nearly doubled bitcoin production in April (10/05/2021 - Seeking Alpha)

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  2. The enormous bear case for RIOT (DD). (14/03/2021 - Reddit Stock Market)
    Got archived on r/investing for some reason so here it is: Riot Blockchain, Inc ($RIOT) are a bitcoin mining company with the most insane fundamentals i’ve ever seen. They’re at a P/S of 500 with -150% operating margin and -250% profit margin. As far as i can tell, their recent price spike from 65 cents to $62 has been purely due to bitcoin hype, and while bitcoin may definitely still have a way to go up now eventually it will come back down (imo to $15-25k for the next few years). When this happens the hype will die, and Riot should fall back down to a couple dollars. Btw this is not because i’m bearish on bitcoin or cryptos in general, in fact I have the majority of my (tiny) net worth in cryptos right now incl. bitcoin. So i would love if someone could provide a bull case for Riot that doesn’t include bitcoin hitting $500k or never dropping below $50k again. For me, i’m gonna be either shorting it or putting with $15 strike price expiring Jan 2022 (break even price 11.60) unless someone can convince me otherwise.   submitted by   /u/hatetheproject [link]   [comments]
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  3. Riot Blockchain stock climbs after March bitcoin production rises 80% Y/Y (12/04/2021 - Seeking Alpha)

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  4. Why MARA is better than RIOT (02/04/2021 - Reddit Stock Market)
    1.Mara has more cash flow than riot Mara market cap is 4.1 billion and riot is 3.5 billion MARA hash rate is 10.36 EH/S vs riot 3.8 EH/s Since Mara has 5x more hash rate that means they are bringing 5x more bitcoin in a day than RIOT MARA mines about 55-60 Bitcoin per day not to sure about RIOT but I know they are behind and too late to catch up on MARA When bitcoin is at $55,000 their revenue off bitcoin is 94 mill a month. If bitcoin reaches 100,000 it has ability to make 400 million a month. With that being said, you will see MARA keep going up during bitcoins bull run ????   submitted by   /u/godits2ez [link]   [comments]
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  5. Riot Blockchain stock gains as bitcoin mining in first two months of year climbs (15/03/2021 - Seeking Alpha)

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  6. Marathon patent group looks awesome (21/02/2021 - Reddit Stock Market)
    Marathon patent group So, I’ve been following cryptocurrency mining companies since about August of 2020. The big players in this sector, as far as momentum in the last 6 months, have been Riot blockchain and Marathon Patent Group. They’ve had the tendency of being two peas in a pod. That being said, they’ve constantly played a game of cat and mouse as far as price action, and that price action is for the most part a direct correlation with the price of Bitcoin. Unless you live under a rock, you’ve seen the bull cycle with bitcoin on a rampage this year. So about the two companies: Marathon patent group currently has a higher number of outstanding shares and a higher market cap than riot Blockchain does, which tends to dictate the stock price differences. The business model of these two is nearly identical, with the exception of the potential amount of s19 pro miners currently in the state of an arms race. Riot to this date has about 20% more, so technically monthly profit should slightly higher. But... Marathon Patent group has 100,000 miners on order to be installed throughout the course of 2021. This is three times the amount the Riot will have. If bitcoin continues this run for at least the course of the year, the profit of Marathon will definitely exceed that of Riot. Current stock price of marathon is ~43, with riot ~71. These two have historically had a rubber band effect with one rallying above the other, and then the following week or so the one that didn’t skyrocket ultimately skyrockets above the other. Not saying that this is a guarantee to continue happening, as nothing is guaranteed in the market, but looks like the past is certainly on course to repeat itself. Has anyone here been following these and have something interesting to add on/thoughts on inner working of business model/ general input about findings of the companies? I would appreciate any insight for, or against these companies so don’t be afraid to roast them if you have strong reason to. I personally see incredible value in the future for them. Thanks!   submitted by   /u/affliction7 [link]   [comments]
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  7. I’ve analyzed the websites of the top 3000 public companies and their traffic. Here are the ones whose traffic is growing the most dynamically. (24/03/2021 - Reddit Stock Market)
    I don’t know how useful this information will be to you, but I see some interesting underrated stocks on this list. Hope it will help you too. TL;DR: $SAVA, $RIOT, $OCGN, $PNM, $MTCH 1. Cassava Sciences Inc. ($SAVA) - biopharmaceutical company focused on neuroscience. Traffic has increased due to the rapid progress in the development of a drug from Alzheimer’s disease. $SAVA 2. Riot Blockchain Inc. ($RIOT) - bitcoin mining company which maintains bitcoin blockchain. Everything is quite obvious here - the company is associated with bitcoin, so the more world’s interest in bitcoin - the more interest in $RIOT (just my opinion, perhaps the reason is different). $RIOT 3. Ocugen Inc. ($OCGN) - same as for $SAVA, it’s a biopharmaceutical company. I think the traffic has increased due to the development of the COVID-19 vaccine. ​ $OCGN PNM Resources Inc. ($PNM) - electricity provider, energy holding company. The reason for the sharp increase in website’s traffic is not clear to me here. Apparently these guys know how to do their business. ​ $PNM Match Group Inc. ($MTCH) - The reasons for the traffic’s growth are not obvious here as well. Most likely it grows organically. $MTCH I do not have clear statistical evidence that the traffic to the website is related to the stock price, but following the usual logic - if the website’s traffic has increased by more than 1000 times, then it may affect the stock’s price.   submitted by   /u/vilnitskiy [link]   [comments]
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  8. Coinbase, MicroStrategy, Riot Blockchain among stocks gaining as bitcoin hits $40K (14/06/2021 - Seeking Alpha)

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  9. SOS Limited, Riot Blockchain, Silvergate stocks ride the Bitcoin advance (16/02/2021 - Seeking Alpha)

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  10. Marathon Digital, Riot Blockchain dip after bitcoin slips on Treasury proposal (20/05/2021 - Seeking Alpha)

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  11. Better off investing in actual blockchain protocols than blockchain stocks? What's actually riskier? (16/02/2021 - Reddit Stock Market)
    I know this is sub is not crypto/blockchain oriented, but I wanted to start a discussion about this since the current rise in stocks like RIOT, MARA, and BTBT. These stocks follow the exact trajectory of bitcoin - when bitcoin goes up, they go up, when it goes down, they go down. There's no company valuation or fundamentals involved in the marketcap of these stocks, it's entirely emotion/gut based trading that follows the BTC market. So my question for the more old school traders is, why would you invest in these stocks and not actual crypto currency at this point? I could be wrong, but it seems clear that blockchain stocks give you almost all of the financial risks of bitcoin with less of the reward. One of the biggest arguments for blockchain is that if you have a large amount invested in fiat/government issued money system - crypto is a hedge on that system. For many people in my generation, having even just a few toes in crypto is a safe haven, if govt issued fiat were to tank. So, whether you believe fiat is dying (or on its way to being hyperinflated) or not, why would you invest in this blockchain alternative with fiat? That means, if fiat actually does hyperinflate, the stock market will be more at risk than these actual blockchain protocols. Please, if this is a dumb idea forgive me. I'm fairly new to investing, and just want to know what the rationale would be to invest in a BTC ETF and not in actual btc? It seems like the risk is actually greater than investing in BTC. Let me know what you think.   submitted by   /u/wetbootypictures [link]   [comments]
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  12. $RIOT | BITCOIN | QUICK ANALYSIS | Where is RIOT Going?? $100+ IS COMING SHORTLY. CRITICAL UPDATES. (28/03/2021 - Reddit Stock Market)
      submitted by   /u/hr3162 [link]   [comments]
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  13. 2 popular UK and US blockchain stocks: should I buy shares in them today? (24/02/2021 - The Motley Fool UK)
    With Bitcoin and Ethereum rising in popularity, interest in blockchain stocks is building momentum too. Over the past few weeks, NASDAQ-listed Riot Blockchain (NASDAQ:RIOT) and London-listed Argo Blockchain (LSE:ARB) have both seen their share prices soar (and dip too). Both companies are involved in large-scale cryptocurrency mining. It’s a resource-intensive business and costs a lot of money to maintain the data centres required. Riot is one of the largest Bitcoin miners in North America, and Argo’s operations are based there too. Blockchain stocks endure rollercoaster ride Riot started the year with a share price around $16.50 and by February 17, it hit a high of $77.90, a whopping 372% jump. Argo Blockchain started the year at £47, rising to £284 in February, which was an even more impressive 504% gain. But as the price of Bitcoin plummeted over the past two days, so did the price of these blockchain stocks. With each of them losing over 26% in a day. Bitcoin has been skyrocketing as more and more institutional investors get on board. However, fear has been building, that it’s getting too high too quickly, based on speculation rather than good fundamental reasoning. Perhaps that’s why it’s now pulled back so dramatically. Have Argo and Riot got staying power? As Argo is the only blockchain stock available on the London Stock Exchange, it has a first mover advantage. Fear of missing out (FOMO) has been rife this past year, and this is exactly the kind of tech stock that generates hype and speculation. Unfortunately, in these circumstances a price rise is only as good as it lasts, and the downward drop can be even more dramatic than the climb. It has a market cap of around £766m compared with Riot’s £1.3bn. Earnings per share are negative, and neither company offers a dividend. During the first nine months of 2020, Riot generated $6.7m in revenue and produced a $16.6m net loss. It also produced 730 Bitcoin. With no profits, it doesn’t have a competitive edge. There are many other Bitcoin miners operating in North America, China and elsewhere in the world. Riot has been investing in the latest mining equipment to stay ahead of the game. Argo is doing the same. This is great if it can keep it up, but in the fast-changing world of crypto mining this equipment can date quickly, and staying competitive becomes very costly. With Bitcoin enjoying a new level of credibility and rising price momentum, it’s quite possible these blockchain stocks will continue in the same vein. So for momentum investors, I can see the appeal. Speculation and fluctuation I can understand the speculation surrounding these blockchain stocks. For many traditional investors, it’s easier to get on the crypto bandwagon via a stock investment than buying the individual coins directly. However, it’s still open to considerable price volatility and difficult for many novice investors to understand. These are highly speculative stocks, and not something I’d consider a safe addition to my own portfolio. I don’t think I should buy shares in either of them today.  For regular stock market investing ideas and help choosing the best shares to buy now, sign up to The Motley Fool today. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading Argo Blockchain shares: should I buy now or are they a bubble waiting to burst? The Argo Blockchain share price: should I buy the stock or stay away? The Argo Blockchain price jumps above 300p! Can the rally continue? Argo Blockchain shares: should I buy for my portfolio today? Argo Blockchain share price: 3 reasons why it’s up 90% in the past week Kirsteen owns shares of Bitcoin. The Motley Fool UK has recommended Bitcoin. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post 2 popular UK and US blockchain stocks: should I buy shares in them today? appeared first on The Motley Fool UK.
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  14. CCTL has gotten a 42x gain!!! If you predict bitcoin and mining to go up higher, join the ride. (14/03/2021 - Reddit Stock Market)
    CCTL is probably the best way to get into Bitcoin and Mining. The share price of $0.022 is an easy way to accumulate a huge position. It tracks the price of Bitcoin well. I notice if bitcoin goes up by 3x, CCTL goes up 42x!!! Here’s an example: Dec 7, 2020 - Feb 17, 2021 Bitcoin goes up from $19k to $56k (3x increase) CCTL went up from 0.001 to 0.042 = (42x increase!) So let’s assume BItcoin today at price of $60k triples again to $180k. Then I expect my CCTL to increase 42x fold again! Retail FOMO hasn’t even happened yet. My family account has just under $170K. Just multiply that by 42x and that’s $7.14M!!!!!! Even if you only have $10k invested x 42 = $420k!!!! Just think about how many miners there are that are now at $0.70, 0.80, $1, $5, etc. They all started at 2 cents!!!! So why can’t CCTL get up there?! THIS is the easiest way to become rich and become a millionaire if you believe bitcoin is only going to go up! To the moon!!!   submitted by   /u/AlphaMale888 [link]   [comments]
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  15. Riot Blockchain appoints Megan Brooks as COO (06/04/2021 - Seeking Alpha)

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  16. Riot Blockchain signs contracts to buy 42,000 more S19j Antminers (07/04/2021 - Seeking Alpha)

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  17. Riot Blockchain names Benjamin Yi executive chairman (24/05/2021 - Seeking Alpha)

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  18. Riot Blockchain ticks up after hitting GAAP profitability in Q4 (01/04/2021 - Seeking Alpha)

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  19. Riot Blockchain stock gains 3% after completing Whinstone US buy (27/05/2021 - Seeking Alpha)

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  20. Riot Blockchain, Editas Medicine among premarket losers' pack (16/04/2021 - Seeking Alpha)

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  21. Riot Blockchain stock climbs as new miners to boost capacity to 1 EH/s (11/02/2021 - Seeking Alpha)

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  22. BSQUARE and Riot Blockchain among top tech gainers; CPS Technologies and Cerence among losers (08/02/2021 - Seeking Alpha)

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  23. Array Technologies among tech gainers; Riot Blockchain and Bumble among losers (13/05/2021 - Seeking Alpha)

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  24. Riot Blockchain is acquiring Whinstone (08/04/2021 - Reddit Stock Market)
      submitted by   /u/krazykaiks [link]   [comments]
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  25. Coinbase Global and C3.ai among tech gainers; Riot Blockchain and Future Fintech among losers (14/04/2021 - Seeking Alpha)

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  26. Nano Dimension and LightPath among tech gainers; Cricut and Riot Blockchain among losers (20/04/2021 - Seeking Alpha)

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  27. Riot Blockchain and Atomera among tech gainers; MoSys and Comtech Telecommunications among losers (09/06/2021 - Seeking Alpha)

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  28. ZommInfo Technologies and Five9 among tech gainers; Riot Blockchain and MicroStrategy among losers (23/02/2021 - Seeking Alpha)

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  29. Mosys and Aehr Test Systems among tech gainers; Riot Blockchain and MicroVision among losers (19/05/2021 - Seeking Alpha)

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  30. Exela Technologies and Riot Blockchain among notable tech gainers; Itron and Waittr among losers (09/03/2021 - Seeking Alpha)

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  31. Earnings Results: DoorDash triples gross order volume and nearly triples revenue in first quarter (13/05/2021 - Market Watch)
    In releasing its first-quarter results Thursday, DoorDash Inc. answered nagging questions about how well delivery can fare as the coronavirus pandemic subsides and diners begin to eat out again: pretty well.
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  32. Why Everyone Should Own (A Little) Bitcoin (14/05/2021 - INO.com)
    You don’t have to dig very deep to notice that when people talk about cryptocurrencies and the blockchain, they’re usually talking about Bitcoin (BTC). In fact, to most people, BTC is synonymous with cryptocurrencies. This huge popularity makes BTC the big player on the block. And with a recent price of $57,678 and a market […] The post Why Everyone Should Own (A Little) Bitcoin appeared first on INO.com Trader's Blog.
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  33. Bitcoin hangs near record high, but MicroStrategy, Riot stocks dip (14/04/2021 - Seeking Alpha)

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  34. RIOT, MARA, Bitcoin all crashing, is it over? (17/05/2021 - Reddit Stock Market)
      submitted by   /u/mlalanne17 [link]   [comments]
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  35. Riot Blockchain EPS beats by $0.21, beats on revenue (31/03/2021 - Seeking Alpha)

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  36. Riot Blockchain EPS misses by $0.11, misses on revenue (17/05/2021 - Seeking Alpha)

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  37. Technical Analysis of MARA and RIOT Bitcoin Mining Stocks (08/05/2021 - Reddit Stock Market)
      submitted by   /u/thefierceburrito21 [link]   [comments]
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  38. Thoughts and Opinions on Bitcoin tradeable stocks (24/02/2021 - Reddit Stock Market)
    What do you guys think about easily tradeable options instead of holding Bitcoin, and do you have any leaders you think will be the stock to get in on? Seems to me that the front runner for this would be MSTR but there are plenty of others that are also in the mix like SQ, RIOT, MARA that I have been pondering that do not seem to be as directly tied to the price of coin like Microstrategy is. I will post my comparison charts but I want to see some new opinions first. I do not want to just get reaction to my posted comparisons it would be nice to know if anyone else has come to any of the same or different conclusions I have on this topic. I do already hold some bitcoin but I think there will be a lot more action in the stocks once this becomes more mainstream with Boomers looking to invest in it I do not think they want to use wallets but definitely want to join in on the ride.   submitted by   /u/stockloos3r [link]   [comments]
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  39. Share with potential. Bitcoin ATM patent. (19/02/2021 - Reddit Stock Market)
    The following stock is interesting: Bots Inc Registered Shs WKN: A2P897 ISIN: PRU0R13K1088 100% subsidiary has a patent for Bitcoin Atm. Just bought. Patent: https://patents.google.com/patent/US9135787B1/en Website: https://www.bots.bz/service/ Services: AI Bots Chatbots are the result of human interaction with artificial intelligence. Artificial intelligence can automatically respond to user-protected chat messages in real-time. At BOTS, Inc., we provide high-quality programming services to startups and companies in various industries. With the help of artificial intelligence-based technology, we have developed a chatbot that enables smarter and more efficient workflows and improves brand awareness and customer engagement. Blockchain The development of blockchain technology has attracted the attention of global companies. Today, companies and organizations are looking for ways to protect their day-to-day business operations and do better than choose blockchain-based applications. We are here to help you use this technology through our blockchain application development services. Our team of blockchain developers has a unique set of skills that can provide high-quality solutions based on blockchain technology to help your business become more stable, profitable, and safe.   submitted by   /u/AlternateImmobilien [link]   [comments]
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  40. Argo Blockchain: here’s how much £5k in 2020 would be worth today (15/02/2021 - The Motley Fool UK)
    Bitcoin miner Argo Blockchain (LSE: ARB) has seen a stunning rise in 2021.  And UK investors who want to gain exposure to the rocketing Bitcoin price without having to buy the underlying asset are turning to Argo Blockchain in droves.  It remains one of the most viewed UK shares on Hargreaves Lansdown‘s website, and one of the companies with the highest number of shares bought and sold.  Bitcoin boom The company has exploded into the public consciousness over the last 12 months.  So how much would a £5,000 investment in Argo Blockchain in mid-February 2020 be worth today? I’ve worked it out. The AIM-listed company doesn’t pay any dividends. So for this calculation we’re only concerned about share price growth.  On 12 February 2020, the Argo Blockchain share price was 7.2p. Over the next nine months almost nothing happened. By 12 November, the Argo Blockchain share price was just 12% higher at 8.1p.  But that’s sometimes what happens with conviction buys. Often it takes a while for the rest of the market to catch up.  Argo Blockchain soars  Shares in Argo Blockchain started to go parabolic as the Bitcoin price climbed sharply towards the end of 2020. Because Argo Blockchain mines new Bitcoins and also holds cryptocurrencies on its balance sheet, when the value of these cryptos rise, so does the company’s market value. So at today’s 140p share price? A £5,000 investment held for 12 months would be worth a little over £92,000. That equates to a 1,844% rise. In Motley Fool terms, we’d call that an 18-bagger. So where could Argo Blockchain go in future? Could it multibag again? Argo does have competition from some very large private and public American and Chinese Bitcoin mining companies. Canaan and Riot Blockchain come to mind. There’s no direct competition on the UK stock market. Regulated future If you believe that cryptocurrencies will be around for the long term, then Argo Blockchain is likely to continue to grow. If, however, you believe that Bitcoin will be regulated out of existence, Argo Blockchain would struggle to function.  There are other risks: Bitcoin mining gets exponentially more difficult the longer it goes on. To compete, mining companies are locked in a never-ending arms race to buy ever-more expensive machines. That means high and growing fixed equipment costs in future.   If the Bitcoin price falls — as it has done, sharply, in the past — it’s highly likely the Argo Blockchain share price will crash along with it. That said, we are in quite a different situation than the last Bitcoin boom and bust scenario of 2017.   Four years ago, Bitcoin had its first major public rocket ride. Its price jumped 19 times in a year from $1,000 to $19,650. Then it dumped hard. Over the next 12 months prices fell 80% to $3,950. Investors were crushed. What’s the difference between then and now? I believe the previous cycle was driven by small retail investors. And that’s why sentiment deflated so quickly. The 2020–21 Bitcoin price rally has been largely driven by institutional buying.    With Elon Musk’s Tesla buying $1.5bn in Bitcoin, and the Morgan Stanley investment bank chief strategist Ruchir Sharma admitting that Bitcoin could replace the US dollar as the world’s reserve currency? I say the cryptocurrency is less likely than ever to simply disappear.  “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading Argo Blockchain’s share price is up 25%: should I buy today? Argo Blockchain shares: here’s what I’m doing Argo Blockchain: exciting or irrational? The Argo Blockchain share price has jumped! Should I buy the shares? Stock market bubble? This is how I’m investing my cash TomRodgers has no position in any of the shares mentioned. In terms of cryptoassets he owns Bitcoin, Ethereum, Polkadot, Chainlink, and Dogecoin. The Motley Fool UK owns shares of and has recommended Tesla. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Argo Blockchain: here’s how much £5k in 2020 would be worth today appeared first on The Motley Fool UK.
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  41. $RIOT | BITCOIN | SUMMER HOT STOCK???????? | $100+ | QUICK ANALYSIS | MORGAN STANLEY PUT $113 MILLION ???? (29/03/2021 - Reddit Stock Market)
      submitted by   /u/hr3162 [link]   [comments]
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  42. : Blockchain firm LBRY tries to rally sector against SEC; critics allege a ‘cryptocurrency suppression program’ (07/04/2021 - Market Watch)
    The Securities and Exchange Commission last week sued blockchain company LBRY Inc. for alleged selling unregistered securities in a case that could threaten Americans' ability to buy and sell popular cryptocurrencies, including bitcoin and ether, experts say.
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  43. Support grows for Capitol riot inquiry after Trump acquittal (15/02/2021 - Financial Express)
    Investigations into the riot were already planned, with hearings scheduled later this month in the Senate Rules Committee.
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  44. Why is the Argo Blockchain (ARB) share price still falling? (19/05/2021 - The Motley Fool UK)
    Would I buy Bitcoin? No. Would I buy shares in Argo Blockchain (LSE: ARB)? Maybe. That might sound strange, so I’ll explain. To me, it’s similar to gold. I won’t buy gold, because it’s a straight gamble on where the gold price might go next. But a gold miner is different. Based on a range of possible gold prices, we can estimate some sort of base level for the long-term profits a miner might make. Similarly, it should be possible to come to some sort of rational valuation for the ARB share price, shouldn’t it? It’s not easy right now. Rather than any fundamental valuation based on profits, the Argo Blockchain share price is really just following where cryptocurrencies are going. Bitcoin has soared in 2021, but it’s fallen back some way since its high in April. And that’s what ARB shares have done too. It seems it’s all down to Elon Musk. Tesla accepts Bitcoin in payment for cars? Buy Bitcoin. Oh, Tesla won’t take it any more? Sell Bitcoin. He says Tesla might sell its Bitcoin holdings, then he says it hasn’t… you get the picture. It seems crazy to me to value something based on whatever one person happens to tweet in any one day, even someone as successful and charismatic as Musk. But that’s the way the cryptocurrency world seems to work. ARB share price down again Argo Blockchain ended Tuesday down 5.8%, at 130p. That’s still a climb of more than 2,500% over the past 12 months. But the price hit a peak of 360p at on 26 March, and has since plunged 65%. That suggests it’s hugely risky buying into a crypto mining stock, way more than a gold mining stock. To get back to my gold miner comparison, I’d value a mining stock based largely on the cost of extraction per ounce. I’d examine historical gold prices, and work out what margins the miner might make at various levels. And if I think there’s still decent profit even if gold falls significantly, I’ll seriously consider buying the shares. I’d want to see the share price trading at a discount to what I think the underlying profits might be like. But that’s not happening with the ARB share price. Speculative valuation At the end of April, Argo held a total of 936 Bitcoin, or Bitcoin equivalent (BTC). And it was mining at a rate of around 1,970 BTC per year. The company’s current market-cap stands at a fraction under £500m, or about the equivalent of 16,600 Bitcoin. Mining at current rates would take around eight years to generate enough BTC to match the firm’s valuation. Well, presumably longer, as it costs money to run all the computers. I know Argo plans to raise its production rate, but that will cost more money. And, right now, the ARB share price still appears to value the company based solely on the speculative future value of Bitcoin. It’s not based on any proven sustainable profits the company might make. Should that happen, that’s when I’ll consider buying. FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading What’s happening to Argo Blockchain’s (ARB) share price? Argo Blockchain shares are falling. Here’s what I’m doing Should I buy Argo Blockchain stock after the share price crash? Why has the Argo Blockchain share price been falling? This is what I’m doing about the Argo Blockchain share price! Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Why is the Argo Blockchain (ARB) share price still falling? appeared first on The Motley Fool UK.
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  45. Writing on the Wall: Bitcoin and how to play it with MARA, RIOT, CAN (01/04/2021 - Reddit Stock Market)
    This post will detail some speculation on why believe Bitcoin will soon break 60k and potentially move to 70k within the next month or two. I'm fairly confident the bull run for Bitcoin is not over yet and will continue into this year before we see a correction. -Current Price of BTC around time of this post is around 58k- External Catalysts The past few weeks there have been an onslaught of positive news for BTC . To name a few major ones: - Paypal is now incorporating use and everyday people can exchange BTC and other cryptocurrency. - Square, Tesla, and several other companies have included it in their balance sheet. Microstrategy essentially embraced their whole mission around it. Overstock accepts BTC as payment. - Spending will be high with the stimulus package and other bills under Democrats. BTC can be seen as a hedge to the dollar - Visa and other credit cards have also started incorporating it. More importantly, there are major catalysts that will be coming this April that will likely propel it forward more: - BTC ETFs are already being submitted by major institutions like Fidelity. When the GOLD ETF was introduced, the value of gold went on bull run the year to follow. - Coinbase IPO will be happening in April if there are no more delays. This one is major! Just the event will get the talk of cryptocurrency spread and be the chatter of the month. - Literally today Chipotle is getting in on the fun too with their Burrito or Bitcoin event: https://newsroom.chipotle.com/2021-03-30-Burritos-Or-Bitcoin-Chipotle-To-Give-Away-200k-In-Free-Burritos-And-Bitcoin-To-Celebrate-National-Burrito-Day Technical Analysis: BTC this week reached almost 60k three times this week. Key levels of Resistance: 60k, 64.5k Key levels of Support: 53k, 51k Settling at 58k is very bullish at it means it is bouncing above the 9-day and 21-day moving averages. If it's able to hold this it should be able to get to around 62k. If it passes the mental wall there, it can easily surge to 70k before correcting. If it fails to support 55k then we could see a downside Tickers that follow Bit Coin: $MARA, $RIOT, $CAN I chose three tickers to focus on that will likely benefit from a rally. I know there are other ones like SOS, BTBT, FTFT but those are high risk from what I've seen having short reports written up on them. And when Bitcoin goes down, they go down hard. Let me know if there are any new tickers that follow Bitcoin too. MARA - Bitcoin mining company I've been following since it was 5$. Has strong support - Recent News: To Launch the First North American-Based Bitcoin Mining Pool. - Reached a 52week high over 50+ today RIOT - Same as MARA a crypto mining company I've followed since it was 10$. It's always been slightly ahead of MARA but it seems the gap is closing. - Recently reported GREAT earnings 300% surprise in EPS - Heavily shorted (20%) which may be why it has not been climbing as hard in following BTC, but will easily soar multiple levels if Bit rallies hard enough. - Reached over 70 last time BTC ran CAN - The only Chinese stock I singled out that could see a strong run correlated with Bitcoin if it were to run this month. - Canaan manufactures equipment used for mining Bitcoin. As the price rises, more and more companies are enticed to mine. - Reached around 40 last time BTC ran Bearish Warning: - In the past when Bitcoin has ran, there has always been a big correction afterwards. Invest at your own risk. - Offerings can happen if the price climbs too much   submitted by   /u/itskayyuhvin [link]   [comments]
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  46. Future of mining? (23/04/2021 - Reddit Stock Market)
    Forgive my ignorance - I am new to the cryptocurrency game, but I'm curious about how to invest in crypto mining companies like RIOT and MARA. So IF, Bitcoin and Etherium are overvalued, and the potential for DOGE might make a serious run for actual use, do these companies ALSO mine for DOGE or just BITCOIN? And IF they don't, would it be reasonable to expect that they don't that we look for alternate investment options? Do we know if there are companies mining MULTIPLE currencies - or is BITCOIN the end all be all for now? I am trying to align my future investments in the "new" game - hoping that it becomes the new norm. I don't want to invest in options that are soon to become irrelevant [ie Beta vs VHS even though BOTH are done]   submitted by   /u/socialrxdad [link]   [comments]
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  47. Blockchain & Crypto ETFs rally on the back of Bitcoin (09/06/2021 - Seeking Alpha)

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  48. The Argo Blockchain share price has fallen. Should I buy? (14/05/2021 - The Motley Fool UK)
    Argo Blockchain (LSE: ARB) has made a lot of money for investors interested in Bitcoin in 2021. Over the past 12 months, the Argo Blockchain share price has soared by more than 2,500%, and that’s mostly come this year. But it has been a lot higher. The shares exceeded 300p in February, but have since shed 55% of that valuation. That includes a loss of 7% on Thursday, ending the day at 135p, and it’s all down to Tesla and its CEO. On Wednesday, Elon Musk sent out a tweet telling us that Tesla would no longer accept Bitcoin as payment for its vehicles. That reversed a decision to accept the cryptocurrency in March. And it’s due to not wanting to be associated with the energy costs of crypto mining. But that’s the whole point of crypto mining. If it could be done quickly, with little in the way of costs, we could all be mining heaps of it every day. And then what would happen to its value? Argo Blockchain share price down But what of the Argo Blockchain share price crash? Does it tip the balance in favour of buying now? Argo’s business model is simple. It buys computers, and uses them to mine Bitcoin. So it’s a play on the Bitcoin price without buying the stuff itself. I suppose it can be seen as a bit like investing in gold miners, rather than the shiny metal itself, in the hopes of gearing up the profits when gold rises in value. So if Bitcoin should appreciate in price, then the profit margin for Argo Blockchain should grow by a greater percent (after paying for the resources to mine it). At least that seems to be the investing rationale behind the Argo Blockchain share price progress in 2021. The current share price values the entire company at approximately £515m. That’s the equivalent of around 14,400 Bitcoin. According to its April update, Argo mined 163 Bitcoin, or Bitcoin equivalent (BTC), in the month, down from 165 BTC in March. At the end of April, the company held 936 BTC. At today’s prices, that’s worth approximately 6.5% of the current valuation of the company. It seems there’s a long way to go yet, before asset values reach the Argo Blockchain share price. Future asset generation There are two ways for the company’s crypto holdings to grow. One is to keep mining, and it would take about another six and a half years to reach the equivalent of today’s market-cap. Or possibly longer if it has to sell some to pay the electricity bills. The other way is for the Bitcoin price to keep on rising. In reality, it’s going to be a combination of the two. Unless Bitcoin falls instead of rising, that is. Is this a good moment to remind myself that past performance is not an indicator of future performance? I think it is. Will I buy Argo Blockchain shares? In the right circumstances, I could well buy shares in a Bitcoin miner — just as I could buy gold mining shares without ever wanting to own the metal. But not in these circumstances, not at the current Argo Blockchain share price. Maybe if it falls further… FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks? If so, get this FREE no-strings report now. While it’s available: you’ll discover what we think is a top growth stock for the decade ahead. And the performance of this company really is stunning. In 2019, it returned £150million to shareholders through buybacks and dividends. We believe its financial position is about as solid as anything we’ve seen. Since 2016, annual revenues increased 31% In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259 Operating cash flow is up 47%. (Even its operating margins are rising every year!) Quite simply, we believe it’s a fantastic Foolish growth pick. What’s more, it deserves your attention today. So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. More reading Why the Argo Blockchain share price is crashing today What am I doing about the volatile Argo Blockchain share price? I own Bitcoin and Ethereum but I won’t be investing in Argo Blockchain (ARB) Here’s why the Argo Blockchain (ARB) share price is surging What’s in store for the Argo Blockchain share price in May? Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The Argo Blockchain share price has fallen. Should I buy? appeared first on The Motley Fool UK.
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  49. Argo Blockchain shares: should I buy for my portfolio today? (17/02/2021 - The Motley Fool UK)
    Argo Blockchain (LSE: ARGO) is one of the hottest stocks on the London Stock Exchange right now. Yesterday, it was up nearly 30%. Over the last 12 months, it has gained a staggering 3,600%. Here, I’m going to look at why Argo Blockchain’s share price is skyrocketing right now. I’m also going to discuss whether I’d buy the stock for my growth portfolio today. Argo Blockchain’s share price is on fire There are a few reasons Argo Blockchain’s share price has surged recently. The first is that the price of Bitcoin has continued to rise. As a large-scale miner of cryptocurrencies, Argo is essentially a leveraged play on the price of Bitcoin in the same way that gold miners are leveraged plays on the price of gold. A month ago, Bitcoin was trading at around $36,000. Yesterday, however, it hit $50,000. This rise in the price of BTC has boosted Argo’s share price significantly. The second reason Argo Blockchain stock has jumped is that a number of major companies have embraced cryptocurrencies recently. Last week, payments giant Mastercard announced that it plans to facilitate crypto payments in the near future. Meanwhile, Tesla announced that it bought $1.5bn worth of BTC and said that it plans to accept the cryptocurrency as payment in the future. Finally, recent trading updates from Argo have been encouraging. On 29 January, for example, the company advised that it had just brought 1,295 new mining machines into production. More recently, on 10 February, it advised that it plans to acquire 320 acres of land in West Texas and build a new 200mw mining facility in the next 12 months. ARB shares: should I buy? While Argo Blockchain appears to be growing rapidly, there are a few issues that concern me about the shares. The first is the fact that it’s hard to calculate a fair value for the stock. Argo’s revenue ultimately depends on the price of Bitcoin. And this is notoriously hard to predict. So, like an oil or gold miner, its revenue growth is really out of its hands. The second is the fact that the stock is so leveraged to the price of Bitcoin. Obviously, this is a great feature when the Bitcoin price is rising. However, it’s not so good when the price of Bitcoin is falling. When BTC fell around 25% in January, for example, Argo Blockchain’s share price roughly halved. Finally, the current market cap of £856m looks too high, in my view. If we take January’s mining revenue of £2.48m and multiply that by 12 to get a revenue forecast for the year, the annual forecast is £29.76m. That puts the stock on a forward-looking price-to-sales (P/S) ratio of about 29. That’s nearly twice as expensive as Tesla, which is generally regarded as a very expensive stock. It’s also worth pointing out that the current market cap equates to a valuation of £1.7m per Bitcoin held at the end of January. Weighing everything up, I don’t see Argo Blockchain as a great fit for my portfolio. There’s too much uncertainty for my liking in terms of revenue projections and it’s hard to know how much this stock is really worth. All things considered, I think there are safer growth stocks for me to buy right now. Like this one… “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading Argo Blockchain share price: 3 reasons why it’s up 90% in the past week Argo Blockchain: here’s how much £5k in 2020 would be worth today Argo Blockchain’s share price is up 25%: should I buy today? Argo Blockchain shares: here’s what I’m doing Argo Blockchain: exciting or irrational? Edward Sheldon owns shares in Mastercard and has no position in Bitcoin. The Motley Fool UK owns shares of and has recommended Mastercard and Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Argo Blockchain shares: should I buy for my portfolio today? appeared first on The Motley Fool UK.
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