Home Creators Posts Import Register Favorites Logout
haven't archived this post yet. have a subscription? use the importer!

Content

Four miners have already reported for August, with eight more to come.

I’ve updated the model with all other financials, stock prices, and market caps.

Just a reminder, mining is a fiercely competitive field, and allocations are crucial. Never hold more than 5% miners.

I’ve added to my Clean Spark position because I see more upside potential compared to MicroStrategy. However, if we hit $20 again, I plan to exit using the PROFIT TAKING MODEL. Also, I still hold that call option I sold for over $3 with a $20 strike that’s nearing expiration. It will expire worthless further reducing most of my CLSK bag to a credit cost.

Files

Previews only

Comments

AQ

It's important to acknowledge when we've been mistaken, and James might have misjudged CLSK. Admitting fault can lead to growth and better decision-making. With 3000 members each contributing $5.50 monthly, the situation presents an opportunity to learn, adapt, and potentially turn things around for the better. CLSK has been constantly diluting! My 2 cents

MGM

Everybody realises that CLSK to even return to $23 price from March, it needs to go roughly 2.7X current price?

Sol-brother

I was up almost 7G and didn't TP. Lesson learnt.

Professor Profound Possum

Dilution has killed this stock. It was at $8.09 when BTC was at $41,800 on 1/26/24. We're close to that level again and BTC is +$16,000 higher. This stock is a like a crypto shit coin with poor tokenomics.

Professor Profound Possum

Dilution has killed this stock. It was at $8.09 when BTC was at $41,800 on 1/26/24. We're close to that level again and BTC is +$16,000 higher. This stock is a like a crypto shit coin with poor tokenomics.

DerSir

Well, thats roughly about 4 Billion USD of additional market cap. A lot of money but actually nothing in the grand scheme of things.

Dr.Pouf

That's the business model of all miners. They'll eventually all go to 0. There is increasingly more players on a shrinking pie. It's a negative sum game, and the money comes from shareholders dilution. Short term it could spike, but there is no long term perspective.

Mashi

Clsk good price now

Mashi

I read all the comments and there are good perspectives. 1 thing is clear. Wether James is/was right about cleanspark is irrelevant. He gave the data for all to absorb and stated clearly to never risk more than 5%. All in all if James is wrong he lost a whopping 5%, big whooppy

BTCMiike

I just loaded up the cart with CLSK @ 8.64. Unfortunately i am still holding the shares i pd 14.50 for so it will be a long haul to get back into the black. I am also holding some MARA so time will tell if all this will pay off? GL2ALL Miike

lee

If we hit 20 again? That's a stark difference from the anticipated 30 to 40. If I thought they were only going to 20 I would have exited long ago.

lee

What a waste. I was 2x once upon a time. Dilution from this company is brutal. Once I get out I'm done with them. Waste of my time. Riot same! At least I'm still 2x on mstr. There is zero chance in hell clsk will outperform mstr. I will stick with mstr.

Nikeet Shah

Everyone's worried about the dilution now? where was the concern when it was doing fine lol. I bought more, sit back and relax, other miners have also taken a beating