9/11 Suicide Investment or not?

Let’s talk about the value of money in crypto mining. It’s nearing the end of the year 2020, and I think this year deserves closure from the investor’s perspective of view in the field of publicly-traded cryptocurrency mining companies.

I wrote a story of publicly-traded cryptocurrency mining companies on September 11th. A blog post about publicly-traded cryptocurrency mining companies. Since then, the price of Bitcoin has risen from $10300 to a new all-time high of $24180. If I purchased Bitcoin then, I would have a nice 135% profit for my money. I didn’t buy Bitcoin, but instead, I shopped Argo Blockchain stocks. The stock has risen from 5.50 GBX to 17.70 GBX, making an even better 222% profit.

Is the company now overvalued? No, it still is very far from being overpriced. It has announced an additional 430 PH/s mining power that is operational in February. That raises the total Bitcoin mining power to 1075 PH/s. With a current 70 million USD market cap, the price per 1 TH/s of Bitcoin mining power is 62.25$. It is still comparable to other companies' stats in my September review. And of course, other stocks have risen too. Rising mining profitability is moved to ASIC mining hardware prices.

Here is a link to the Align Analyst Research analysis report about Argo. Especially full document is excellent. The conservative target price for…