Home
Creators
Search Recent Random
Posts
Search DMs Popular Hash Lookup Tags Random
Importer
Import FAQ
Register Favorites Keys Review DMs Logout
Community
Telegram ThePornDude
Home Creators Posts Import Register Favorites Logout

CLSK latest to issue convertible notes (Patreon)

Published:
2024-12-12 23:44:59
Imported:
2026-06
Tags:
haven't archived this post yet. have a subscription? use the importer!

Content

This time it is not to stack BTC but rather repay debt and buy shares back.

Interesting they ATM shares at $16 then buy them back at $13.

Rem I am 2% miners currently. I will continue to shed my bags.

My cost basis is a credit on CLSK from call selling the last 2 years so not bothered either way but just waiting for that next pop and I will exit miners altogether.

Rem this SEASON is not the same as 2021/2022

Files

Previews only

Comments

Barry_Fink

At the next pop I'll be switching into MSTR or TSLA 🤔

J

"On December 13, 2024, Riot Platforms, Inc. (the “Company”) announced that, during the period between December 10, 2024 and December 12, 2024, the Company acquired approximately 5,117 Bitcoin for approximately $510 million at an average price of approximately $99,669 per Bitcoin, inclusive of fees and expenses. As of December 12, 2024, the Company increased its total Bitcoin holdings to 16,728. The Bitcoin purchases were made using a portion of the net proceeds from the offering of its 0.75% convertible senior notes due 2030 as well as cash on hand." Source - https://uk.advfn.com/stock-market/NASDAQ/RIOT/share-news/Form-8-K-Current-report/95094880

Beloved

Been a slow horse

Aaron

I never did buy a single mining share. Thought about plenty but they never quite passed the eye test for me.

Robbo

Omg CLSK is that friend who keeps getting you into trouble but you feel like you can’t get rid of them yet 🙈

General

Been break even so far with 3 of them…nothing burger..some up some down

Pirateye_crypto

Glad I finally got out of CLSk a month ago!!

Vlad D

Though I a sold all CLSK, I’d justify miners a bit is that CLSK and a few top other are good companies. I think the problem stems from an idea that big guys in this cycle trust MSTR which never sells vs miners that mine then sell, so they have high Btc balance for short period of time. It clsk promised it would be mining and not selling for the next 10 years, then stock would sky rocket. It’s ridiculous that miners have low Btc balances because they sold before and now they need to buy same Btc mined by them back at higher price with convertibles

Vlad D

I think miners are now like a common business that sells something at $100k and production cost is $60k, profitable but not the most profitable business in a world