Відео

Yeah this is an interesting situation. First let's start with my thoughts on this purchase. I just listened to the conference call and qna. Based on what I heard this does look like a great deal for Bitfarms. Plenty of potential to increase MW, double hashrate with fleet upgrade, innovative HPC AI setup possibly not needing back up diesel generators, cost savings, etc... My thoughts on stronghold were that they needed to grow and to get to scale as their revenue was insufficient to pay all the costs. I think if bitfarms can increase revenue by adding hashrate, it will be a cash flow positive addition to their sites. Interesting part is that they have been in talks for 3 years. This tells me that Ben has done his due diligence on them and wouldn't purchase them if he didn't think it was great opportunity. Lastly the bitfarms stock is down, could this be Riot selling? Because to me this looks like a great growth opportunity for Bitfarms and should have had a positive impact on the stock

@@SebastianOn Excellent analysis, as always! Thank you for all you do!

I think in this case, as you mention alot seb. Dilution has been far more accretive for wulf shareholders than riot

Thanks Hank, I'll be back on Friday. Had to travel for work.

I'll do it on Friday, I'm leaving for a business trip tonight and I'll be back Friday afternoon.

@@SebastianOn okay 👌 looking forward too it mate thanks

Dzieki. I lived just a little south west of Katowice

@@SebastianOn that is, not too far from Kraków, the same part of Poland 😀

My pleasure!

Thanks, I got it updated in my spreadsheet.

I really hope they put the brakes on dilution until 21 EH/s is installed or they announce something that is accretive.

Allergies

@@SebastianOn try to take some MSM supplement for a period see if it reduces it a bit. Can help with many smaller inflammation issues and in general health. Should be taken with some vitamin C.

Happy to hear that!

Many thanks!

Patience, the market is trying to shake you out of your positions. Give it a minimum of 3 to 6 months. If by then things don't improve, I may start getting worried myself.

BTC is ranging downwards, it's not unexpected for miners to do worse there. They hopefully should do a lot better once BTC goes up. You don't get higher returns without more volatility usually.

@@simonp6339 I know that part but the part that scares me is if the market starts to go up crazy and BTC stays in this spot for the next 3 months or so what does that mean the markets are they going to have to go up 20% from here or more to get BTC where people think 120k to 150k in the next 10 to 12 months you see what I’m saying because there is no way BTC will go up during a bad market

@@SebastianOn I’m worried that the market might go up crazy while BTC stays in this range bound so if that’s the case the market is going need to need a SUPER SUPER RALLY to get BTC to where we are thinking that 120 to 150ish range because one thing we do know is BTC doesn’t go up during a bad cycle.

You're very welcome. There is a scramble among the big tech companies for MW. But the difference is that big tech want those MW to be near large cities, with access to at least 2 large fiber networks, educated applicants and easy access to transportation. Where as the BTC miners don't really care about that. They are happy with getting MW out in the middle of nowhere. Q1 - You currently have BTBT, CORZ, HIVE, HUT, IREN that have HPC/AI customers and CIFR, WOLF working on pilot programs. Everyone of the miners that I cover would need to upgrade their facilities to like a tier III data centers. Also not all of the locations are suitable for this. That is why I think and maybe I'm wrong but the CORZ & CoreWeave was just a one in a million deal. I think the big tech (hyperscalers) will build out their own solutions. That way they have full control of the stack, like they do right now. That doesn't mean that they can't buy out one of these miners and scrap the BTC business and just use the MW's for HPC. If we are looking at that way then perhaps IREN, CIFR and WULF would be buyout targets. Q2 - CORZ - major HPC/AI deal in place. CIFR/IREN/WULF - buyout potential from Hyperscalers. When you say publish on Refinitive, do you mean my data and charts? Reach out to me via email. My email address is listed on the about me page of this youtube channel.

Mike Alfred recently posted on Twitter that one miner's CEO was nonstop on the phone and in concrete talks with a big player about HPC/AI. I think there's huge potential there. While I partly agree with Seb that not all miners have tier 3 and AI-ready data centers, you don't always need tier 3. Iren is doing an HPC/AI suitability at Childress right now, their air cooling is innovative (super strong wind speeds there) and likely enough for AI.

​​@@simonp6339What if AI was capable of self-organization yesterday? Bitcoin, Energy, and Artificial Intelligence: The Connection We Underestimate? In recent years, Bitcoin has become a global phenomenon, attracting attention not only from investors but also from technology enthusiasts. However, behind this financial success lies a deeper connection that could radically change the future of technology-a connection between Bitcoin, energy, artificial intelligence (AI), and even current global conflicts. Bitcoin as a Powerful Motivator Bitcoin, thanks to its decentralized nature, has created a unique situation where millions of people around the world have begun actively participating in its ecosystem. The drive to profit from mining has led to the creation of massive international computing power, which requires significant amounts of electricity. This, in turn, stimulates the development of global energy infrastructure in various regions where energy is more accessible and cheaper. But what if we look at this process from a different perspective? Perhaps Bitcoin is not just a tool for making money but a hidden catalyst for preparing the world for the era of AI. The Energy Connection The process of mining Bitcoin is incredibly energy-intensive. The more computing power required for mining, the more electricity is consumed. While many discuss the environmental consequences of such energy consumption, it is less obvious that these same computing resources can be used for other tasks-for example, AI. Artificial intelligence, especially its modern models like deep learning, also requires vast computational resources. By stimulating the development of global energy and computing infrastructure, Bitcoin is effectively preparing the world for the next stage of the technological revolution, where AI will become the dominant force. Wars Over Energy Resources and Their Role in the Future We cannot ignore the fact that current global conflicts are largely related to the control of energy supply flows. Wars over access to oil, gas, and other energy resources only emphasize the importance of energy in the modern world. It is not just a matter of economic stability but also strategic security. These conflicts also affect global energy markets, creating instability and driving up resource costs. In the context of Bitcoin and AI, access to cheap and stable energy becomes a critical factor. Regions with energy resources gain not only economic but also technological advantages. Thus, control over energy becomes a crucial element not only in current conflicts but also in the future distribution of global computing power. The Transition from Bitcoin to AI When the last Bitcoin is mined, the remaining capacities will not go to waste. The infrastructure created for cryptocurrency mining can be repurposed to support and develop AI. In other words, Bitcoin can be seen as a temporary but extremely important stage on the path to creating a global computing network that will serve the interests of AI. In this context, energy conflicts may be part of a broader process of reallocating resources needed to support these new technologies. Bitcoin as Part of AI's Plan? This thought may seem bold, but what if Bitcoin was originally conceived as a tool for creating such an infrastructure? Financial interest and the desire to profit have created a global network of computing resources that will soon be used for AI purposes. Bitcoin has become the perfect motivator for spreading this idea and building the international infrastructure that, in the future, may support the most complex AI-related tasks.

IMO, at the moment, the mkt is all about the expected rate cut in Sept. Am guessing but think risk-on assets may run-up this week in anticipation of JP eluding to a Sept cut when he speaks on 24th at Jackson hole. Then, I think, prices will continue to run-up as a Sept cut becomes more priced-in. My guess, after that, a drop in prices sometime after the cut is announced.

Peter if my memory is correct I think the meeting is going to be held on Oct 29th but it is not about the take over bid, its is about Riot getting their selected board members added to the board of Bitfarms. My wife gets pissed at me sometime because I just don't get rattled about things. It's not about me finding a solution or not listening to her. I do listen to what she has to say or just needs get off her chest. Even if at times it is trife in my opinion. In our 19 years of marriage, I think we have only had 2 heated arguments. Otherwise we're one united front. Which is great, cause I don't and she doesn't have deal with the drama that we see and hear others couple going through. I'm lucky to have her.

@@SebastianOn Thanks Sebastian. Agree with you on not getting rattled. There's a line that's repeated a few times in the movie Bridge of Spies. The main character is asked on a number of occasions if he's worried; he replies: "Would it help?" You're so fortunate to only have had a couple of heated arguments during the time you've been married.

@@petermoyse is that the one with Tom Hanks?

@@SebastianOn Yep, that's the one, Seb

Hi Hank, so majority of Core's fleet are the 102 terahash miners at around 29j/th. This accounts for 14.6 exahash.

@SebastianOn so is it fair to say that these miners will likely need to be replaced soon? Is the useful life of these miners getting shorter? The write downs/depreciation seems to be never ending, which doesn't bother me as long as the miners can fund new miners without so much dilution. Miners appear to be getting faster and more efficient too quickly... resulting in a much shorter useful life. Thanks Sebastian

@@hankthetank1964 yeah, they will probably replace these in the next 6 months to a year.

I don't think I said this was my price target, but rather replying to question by a user if WULF could get to forty.

@@SebastianOn that’s true but I still don’t see how BITF has a ceiling of $20 with plans to grow to 35EH in 2025 versus WULF that has not announced any expansion plans past 10EH. If that’a the case, we should all sell BITF and buy WULF…

That means there were buying opportunities. Seb and I expect them to go up more than BTC as well when BTC rips. You don't get higher returns without more volatility usually.

Hi, so Riot's buildings in Corsicana are built for emersion cooling and would not be suitable for HPC/AI workloads. For HPC/AI workloads you need high rack density, redundancies in electrical, cooling, internet. And now the ASIC mining machines can not be used for HPC. ASIC are Application Specific Integrated Circuit, meaning that they are only designed to do one task but do it very well. Just search for the difference between CPU, GPU, FPGA, ASIC and you'll learn more about the different chip designs and how they are best used depending on the application(s).

@@SebastianOn Thank you for getting back to me and also appreciate you pointing me in the right direction here I did not realize there were such big differences between AI and Mining infrustructure.

I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached

Evelyn Turner is the professional who guides me, and her optimal returns are impressive

Yeah, I believe investing with a professional is the optimal approach, as it mitigates the risk of significant losses. Did you genuinely know her? I was under the impression that I was the sole beneficiary of her guidance through the challenges of trading.

Seeing a remark regarding my manager Evelyn Turner is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!

Goodness gracious I'm so excited seeing Ms. Evelyn Turner been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a UA-cam referral like this

I personally would not and I would DCA in more. But that is just me. You have to do what you feel is right by you.

Thank you

Thanks again!

Yep. I would hope people know that RIOT of back then is completely different then the RIOT of now

I live in Texas you realize the odds ?

For you Bitfarm holders have you thought about the day Riot dumps their 19% if an acquisition merger possibility ends ? Where is the common sense ? For that reason alone I would convert my Bitfarm shares to Riot right now . You can buy back your Bitfarm after the dump . To each their own . Hoping for the best for all .

@@robbyrose6904The odds of what.

Thank you so much for the tip.

That's why I'm adding

U should sell ur CLSK if u have any so u don’t need to worry about the price of it. U should another miner.