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Crucial moment for SPRT Is currently in a symmetrical triangle which historically implies a volatile move. Really need to see some more volume from SPRT to give me confidence that the move will be to the upside in the short term. Nevertheless, I'm still bullish SPRT long term but I'm personally waiting trade SPRT until we break this symmetrical triangle. Really love SPRT's business model and I believe the deal to take Bitcoin miner Greenidge Generation public will turn out well for the company. Greenidge will become the only publicly-listed bitcoin mining operation with a captive power source (owns a natural gas power plant).The vertical integration makes Greenidge the lowest cost bitcoin miner with a cost to mine of $2,869/bitcoin and, at times, lets them get paid to mine by selling excess power. This has created the opportunity to buy the lowest-cost publicly-traded bitcoin miner at a fraction of peers like MARA and RIOT, which is why im a long term holder of SPRT. Let me know what you think!
SLong
by Value-Invest
1
BTBT In Familiar Territory But It's Up To Bitcoin NextBTBT hasn't had the best first half of the year and for most of the second and 3rd quarters, the stock was slowly bleeding. But thanks to that 100MW collab announced a few weeks ago, AND thanks to bitcoin getting its act together, things changed. Now BTBT is back at an interesting level I found after plotting the retracement for Q2 and Q3 so far. The 382 fib line was a previous area of higher traffic. It was resistance, then support, and now resistance if you look at the last few candles (for now). Considering the action in crypto, however, this could be an important level to pay attention to while also monitoring the daily trading volume. "A rebound in cryptocurrency, including Bitcoin and Ethereum, has related companies in the spotlight this week. Bit Digital is among the names of former penny stocks to watch. The company was one we first discussed late in July. At the time, Bit Digital’s news of a planned Bitcoin mining expansion with Digihost acted as the initial catalyst. The two will operate a 100 MW Bitcoin mining system for an initial 2-year term...Since then, a mix of speculation and crypto market momentum has helped carry BTBT stock much higher. In fact, since our July 26th update, shares have climbed from under $5 to over $12 this week. Traders also seem to be recirculating that last update, fixated on comments from CEO Bryan Bullett: As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation in China and our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. One of the things to keep in mind is that no matter how strong the momentum for Bitcoin stocks, the underlying trend in the cryptocurrency’s price tends to direct the market. We’ve seen big breakouts and quick breakdowns thanks to crypto volatility. So make sure to have that in the back of your head if BTBT stock is on your list right now." Quote Source & Read More: 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80
NASDAQ:BTBT
by PennyStocks101
Crypto Mining Companies are Better InvestmentsBitcoin mining companies are likely the best investments for the next bull run. One aspect that benefits crypto mining companies is that the asset that they generate is expected to increase in value in the future. This is not the case with most other companies. Take a car company for example. The cars that the company creates will depreciate without question. If the car company produces cars and holds them, the company will go bankrupt. For crypto mining companies, like MARA and RIOT, they can hold the assets that they produce and the value is expected to increase in the future. Many of the mining companies raised funds in a way that allows them to hold the bitcoin they produce for several years. As MARA and RIOT invest in more mining infrastructure, they will generate and hold more bitcoin. Why not invest in alts? MARA and RIOT are involved in Bitcoin, which is the most secure and trustworthy crypto. Investing in altcoins can yield higher returns but with much greater risk of going to zero. We all know the risks of altcoins. To name a few: theft/scams by founders, shorter track record and more prone to bugs, infighting by founders, CTOs leaving the project, etc. ADA and BNB performed spectacularly, but I'd still rather hold MARA and RIOT because I feel they are a safer investment in the long term. Long term, I am bullish on crypto. I think that holding bitcoin mining companies will outperform bitcoin itself for the next 3+ years. Also, I think that the risk of holding companies involved with the Bitcoin network is far less than holding altcoins and results in a much better risk-reward ratio. Short term, I am waiting for the crypto markets to drop a bit; BTC at $23k or $20k. If that occurs, I will likely switch to bullish and buy crypto mining companies. Until then, I will wait on the sidelines... and tactically short MARA until I am ready to buy it.
by UnsungTraderTV
Gryphon; The start of an Ecominting Empire or just a starterDISCLAIMER This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background, fundamentals, and assets through various lenses to determine if it is a good potential investment for you. The function of this write up is to serve as an educational resource for investors looking to understand how to find good investments. So read and learn some things about a company that might just be the first of many, or the first and last before the next wave of entries. Pre-Thesis The holding company, 3D Sphere is a zombie company. There is no way this company has been doing anything other than filing necessary SEC documents. The company website hasn't been updated in years, and the prospectus sentence on what 3D Sphere bring to the table starts with gibberish and ends with NASDAQ listing. Eventually someone is going to come to the realization that ANY was garbage and this was some cheap way for Gryphon to get listed. Thesis ANY is a cheap ticket to the big boy table for Gryphon to get some money quickly and to capitalize on their own personal wealth. For something that cant cost as much as $50 million dollars, to be brought down to something as low as $3 million dollars, and then get a huge payoff on the initial investment anyways? Yeah, the system is broken and NASDAQ, NYSE and every other old exchange need to go. Trust that I have deleted 3 paragraphs of that tangent at this point. Gryphon is an idea resting on the laurels on a guy our age or younger with about as much legitimate business experience as we do. But I think that is a cheap version of the real picture. Rob Chang is definitely unqualified on paper to be at this scope, and certainly has a lot of learning to do, and there are a lot of stumbles he and the rest of the team at Gryphon will face; but I think he is the better equipped to lead this business than his peers. The truth is that Crypto Minting is not a sexy business, and that someone keeping a level head and a real business plan is exactly what the field needs. A vast majority of the Crypto Minting field is privately held server farms, small groups ranging from your toaster to mega-clusters of warehouses in China. As much as it pains my ideals to say this, having a public hand around a companies throat, especially in a field as important in the future as Crypto Minting, is a good way to control them on both ends. With the invention and adoption of staking, allowing individual holders to give their representative power to specific mining groups, this is allows players inside and outside a level of control; control by ESG-minded investors is a good thing. My personal assessment of Gryphon Mining is that Rob Chang will be the CEO and major leader of the entire operation, with co-founder Dan Tolhurst playing a more quiet role, and Brittany Kaiser, independent Chair of the board (meaning she doesn't do anything), will be the vocal and outspoken voice for getting ESG investors on both ends. Everything coming out of Gryphon is going to be on message and all about a greener and more ethically diverse and inclusive world. Even if they aren't and even if they don't. The business plan is well laid out, extremely simple and the team are hungry. Anyone interested in investing in Gryphon, one way or the other, should real their investor presentation. It is clean, extremely thorough, written by an accountant with an eye for breaking down every single step, meaning they have done it before. The real question becomes, can they succeed at scale, and what do they do with all that money? Even at modest projected rates of a $60k USD/Bitcoin by 2025, they will have ~$117 million dollars of pre-tax cash flow. They have a clear interest in expanding and taking over the market in their investor presentation, language likely mimicked in their private funding meetings. While Rob Chang is the Captain, it is on Dan Tolhurst's ship. Gryphon is going to be a mix of how Chang and Tolhurst dance together through the steps of getting off the ground and through the next 6 months, and how they find a sustainable rhythm to grow together in. While elements of Gryphon are concrete, such as their profitability, their position in the field is what remains to be seen. Gryphon is poised to be the first of a large rise of Eco-minters. If they can manage their position in growing with, or ahead, of the rest, then Gryphon has an extremely bright future. Personally, there is too much money in geriatric financial businesses that is going to realize they need to be a part of the future, not the past. Even the big banks need to entertain the idea that becoming major Cryptominters themselves could be their best chance at a future. I believe Gryphon can get themselves together and off the ground, anything past that is something that every interested investor needs to keep an eye on. The ~History of Gryphon Digital Mining Gryphon Digital Mining is a brand new entity with $14M in Series A funding from Alpha Sigma with private backing from the Founder along with the personal wealth of the CEO, and a big ol' loan. Anything else is speculation and a rough sketch of a statue with a sheet over it. So here's my picture: Rob Chang comes on as CFO of Riot Blockchain, which blows up for obvious reasons. That stock goes on a whirlwind and its run by a megalomaniac, but Rob Chang turns out to be really good at this. This is basic college accounting, squeeze as much out of as little and fine tune the excel workbook to figure out how much money they can turn around given a bitcoin price at any given time. Then comes Dan Tolhurst, a man looking for the next step in his young capitalist life. Having had some success at Disney and Netflix, having amassed a personal fortune and a little business know how thru various life avenues, decides to throw together a bitcoin mining business, make it look ESG and pretty, build it up. While we are arguing over how much Bitcoin should be worth, whether $100k by decades end, or by years end, the guy wants to mine the bitcoin and laugh about the argument all together. Throwing this whole operation as cleanly and quickly as they did impresses me: The quick reverse take over, the business plan from theoretical to actual, setting up temporary mining before the August delivery and lengthy start-up. From birth to here, ~$300 million market capitalization, all in under 6 months. Now we have to decide if this historical run stops here, or continues on. Just kidding, now we have to speculate, we have to guess, analyze every little move, every little word, every tweet to figure one thing out: Is Gryphon real or fake? Gryphon Business Plan gryphondigitalmining.com Simple, ~10 minute investor presentation, and is all the information we have currently. Following the tweets of the Trio, it looks like they are extremely busy getting through the hoops and putting everything together. I would expect a significant amount of information to come out in the coming weeks, not just about the M&A, but about the full extent of the business plan. The basic premise is to build a crypto-mining platform, primarily focusing on bitcoin, with direct renewable energy supply lines, that they also hope to own. They break down the cost of business for crypto-mining and show it is overwhelmingly energy. By combining renewable energy sources with cryptominting, they hope to become the largest bitcoin minter with a completely carbon neutral/negative footprint. While Gryphon's investor deck is all we get so far, what we do know is that 8,727 Bitcoinminters are in production and on their way due ~August 2021. Gryphon has thrown together a backup plan of renting computational space on privately held bitcoin minting farms, that way investor funds are secured by a secondary source of income. Also, Rob Chang probably isn't giving Bitmain their money until machine delivery, so this is an easy way to actively invest your previously invested money. This is really smart, but really dangerous. If bitcoin goes dead, this goes deader, so if you don't believe in bitcoin, and aren't comfortable with the thought of that risk, this might not be the company for you, right now , but it might be worth checking back in a few months. If Chang and Tolhurst can work, and grow together, Gryphon is going to succeed by nature. Not to say they won't be outshined by competitors that can throw a lot more money around than anything Gryphon could scrounge together, and hurt exposure for growth; but Gryphon's profitability is cemented. There are only two reasons Chang and Tolhurst are going public with Gryphon like this: 1) Tolhurst and Chang have realized that the stock market can be genuinely utilized as a method for getting seed investment funding if the investor base is properly treated. Rather than take a large loan from a private bank or VC funding, just for them to take a massive share of the profits for no work done, head straight to the market for the funding, no interest rate, make money on every step of the process. 2) This is a pump and dump and there is no sustainable plan behind it. Given the almost arrogant naivete tone of Dan Tolhurst, and a very easy self-image for taking a few million dollars and turning it into a few billion dollars within ~10 years, my guess is he is on board all the way. And while Chang has no real history or reason to garner so much faith or trust from a public eye, the presentations coming from him feel more like excel sheet data than exciting marketing verbal assaultage. At this point, the more nitty gritty the better. If all Gryphon did was offer a dividend as a derivative of bitcoin, they would deserve something a bit higher than what they have now. If Bitcoin calms down to a 15% YOY return starting with 30k now like Gryphon suggests, which is extremely conservative, although right now it feels harder and harder to agree with that, they stand to make $117 million in cash (slide 25). That is the kind of free money that allows someone to build empires. I don't have a reason to believe Tolhurst & Chang are capable of building empires, but I don't have a reason why they can't learn how to. To summarize the plan: 1) Start renting space on existing bitcoinminters to begin cash stream 2) Setup currently owned minters and begin in house production 3) Research alternative revenue streams with profit from minting 4) Develop plan for expansion of minting and energy production, fulfill total vertical integration Hopefully we get more in the coming weeks, so definitely keep an eye on EDGAR for that. Bear Theory The only real bear theory a reasonable investor should entertain is that the company will get off the ground and spend the next few years making failed launches to something bigger. At the current price channel, and ranging from a ~200M to ~500M is extremely safe as the business is stupidly easy and Minters don't really compete against each other the way the market is used to. Furthermore, the head and shoulders collapse or crypto and bitcoin is extremely risky given the international adoption of Bitcoin and embrace of the growing global economy for a global synonymous cryptocurrency. If you are looking for a stock to short, I would avoid (any) this one, just sit back and watch elliot waves present themselves. I would not be willing to bet money on that first peak being the highest (especially as I bet a little bit that it is not). Bull Theory It is here that I will disclose a position in ANY (as of 6/21/2021) of 1,000 shares at $3.00 (no one gets it right always y'all, talking about failures is as important as talking about successes, as is learning from them). I don't see ANY going to "the moon" anytime soon, but I definitely can see a return to the ~$4-5/share range given a reasonable cup and handle upon more news. Tied with the unresolved OBV from the major trading day, and overall non-sensical behaviours of the market right now in general, I see ANY for the short term potential. I like the idea of Gryphon, and the team seems like a fun bunch of keep an eye on, but there are too many risks and unknowns for me to make a major claim or stake in them as of now, unless I had the ability to directly mold/work with them. I am a hands-on person, and I aim to become an active investor; Gryphon presents the perfect opportunity for a guided hand. Tolhurst & Chang could use more help than they realize. Furthermore, I believe that right now is the perfect time to go bigger than smaller. China's crackdown presents the greatest opportunity to become the perfect vehicle for crypto-minting. Additionally, what Gryphon is building isn't just a bitcoin company, even they admit that. Gryphon should be looking for billions to directly compete against Riot and Mara right now, not in 5 years. And that right there is the bull theory, the business is backed by too many favourable outcomes, the business is relatively risk adverse in that the revenue for bitcoin price is relatively great compared to alternative ventures. Furthermore, with the start of staking, any company giving itself the right name is going to become a giant. That is about as much of a bull theory I can write, because it is at this point that any reader should recognize an obvious skew in narrative tone and lead. I am clearly invested in Gryphon, not just financially, but intellectually. I want Gryphon to succeed because I want what is best for Mother Earth. I can't give you a good bear and bull theory, or rather I could, but I genuinely don't believe in it, and this is one of those points where I can make arguments for both sides of the climate crisis, but one is fake. So, instead, here is a list of things that I am going to keep an eye on: What happens when Bitcoin stops going 100% YOY? I.E. What is the operating cost margin versus buffer built-in to the company? Long term goal for minting centers? Going full Eco-green or on-paper green? (Building sustainable energy vs buying carbon credits) Ability for CEO to think outside the box? Can Rob Chang plot the future of the company and field or is he just along for the ride, struggling to get on the board? Financial institutions around the world pushing for their own digital currency vs accepting a common one. Bitcoin for all vs China digital yen + US digidollar + etc etc. Future investors. The company will change with its major investors, if anyone gets a huge hold, the company will bend the knee to them. Definitely keep an eye on who amasses shares. Competition. Not necessarily in existing companies, but definitely in what is coming out of China. Look at who or what takes over the eco-minting field space. Location. Spreading out versus isolating themselves in a region will be very interesting. It will affect the localization of the investor base and potential competitors. Furthermore, where they hub themselves will be big. Miami is making a big push right now for themselves, but Elon's Starbase seems to be where the CEO is located via Twitter. Big partnerships. Given that last little bit, I am definitely curious to see if there is something brewing for Gryphon in Starbase, Texas. Disclaimer Thank you for reading this analysis. The sole purpose of these are to serve as an educational resource for any one to gain an understanding of what to research when deciding to make an investment. If there is any material in this analysis that you feel could be explained better, or in more detail, or even if you have just a little question, let me know! As I develop this skill, my aim is to expand the reach of these articles to cover more topics to a wider audience. Feedback helps me grow, so I am happy to read the comments. For legal reasons, this is not financial advice, I really really really cannot stress that enough. Furthermore, I do own 1000 shares at a price of $3 per share. This information is given due to European financial regulations, not as financial guidance. This information is only accurate as of the date of publication, June 21st, 2021. The original, and only version published by me is on Tradingview.com.
NASDAQ:ANYLong
by DoctorFaustus
2
Support/Resistance EBON & InflationIt's been said Bitcoin could be a hedge for inflation..... digital gold...Whatever the case, crypto stocks and miners could be something to keep in mind. EBON has gotten beaten up pretty good and is back at the historic support/resistance level. IF the inflation speculation is accurate, it'll be interesting to see if the stock can firmly break back above this level. "Ebang is considered a relatively pure-play cryptocurrency stock as hot produces circuit chips and crypto mining machines in China. Both of these items are in high demand right now, coupled with a major shortage. Because of this, many investors are bullish on the future of the tech industry, and specifically with crypto mining companies like EBON stock. With this in mind, is EBON worth adding to your list of penny stocks to watch?" Quote Source: Best Penny Stocks to Buy Ahead Of Inflation? 3 To Watch Right Now
NASDAQ:EBON
by PennyStocks101
1
The Marriage Between Litecoin (LTC) and Dogecoin (DOGE)Everyone is talking about dogecoin these days, but a lot of people don't know that DOGE, for a very long time, have been running in parallel with LTC. Back in 2014, Charlie Lee of the Litecoin Foundation and the DOGE community made an agreement to dual-mine in order to help the two projects support each other during its initial phases. And it worked. Big time, in fact. Litecoin is known for its non-flashiness (they don't really do much media PR so not many people know about them), preferring to stick to the nuts and bolts of making the system work. Dogecoin, on the other hand, is...well, Dogecoin. But the collaboration between the two opposites are what made it work, I would argue.
by RyanTanaka
My presentation of the "High Noon Theory" since April 16 2021Hello all my fellow investors in this wacky world of Crypto in the 2020-2021 Bullrun. I have been playing with Bitcoin since 2012 and have seen my share of market multiplication. This one takes the cake. The chart represents a 4 hour take based on from when BTC was born. With that said, I am only showing from April 16 when the mining switch was turned off in the country of China. Please allow me to show the lunch time frenzy that takes place when the western hemisphere is sleeping. Mind the weekend play. Thank you Dottor Berto
B
by WingedPuppet
The next Cryptomining Stock RUNNERAS - 60M OS - 59M (Not a lot of room for dilution which is damn good set up) This company is into CRYPTO MINING; It is comparable to MARA and RIOT on their early days. Also into tele health like TDOC. In fact, they just increased their revenue: ISW Holdings Announces Beneficial Renegotiation Agreement in Telehealth and Home Healthcare Operations to Add Additional 40% to Sales in the Segment as per Press released on march 18th. The Company now operates a total of three POD5IVE datacenter units and anticipates record acceleration in cash flows, revenue growth and profitability. The POD5IVE datacenter, produced in partnership with Bit5ive, is based on an evolutionary design. Specifications include: Active Mining Power: 62-92 Th/s depending on the miners. SHA 256 Hashrate: Currently 6,557.28 TH/s. Per POD5IVE quantity: 3x 280-360. Depending on each miner, 1x 280 and type of miner: 3x Up S17/T17, 1x up to S19/T19. Power capacity: Each POD5IVE can go 2x 800A, 2x 1000A or 2x 1200A. Total power capacity per POD5IVE: 4x 920,038.40 Watts (current site is using 800A fuse per service). Container Size: 40' x 8'. Shelving: 3x with 10 medium Racks, 1x with 4 large racks. Voltage: 415V 3 Phase. Ventilation: Passive airflow with a temperature-controlled evaporative cooler (133,000 CFM total each). Digital smart breakers, virtual power monitoring, auto rebooting and wattage protection. Door lock system (automated, warm air recirculation): Basic locks with keys. Purchase price per POD: $168,000. Manufacturing & delivery: 10-12 weeks. Master Capacity: 280 for S19/T19. Alonzo Pierce, president and chairman of ISW Holdings, commented, “We have now tripled our mining activity with the addition of two new POD5IVE mining pods. The Company will continue to significantly add to our fleet over the coming quarters. We are also building a valuable track record with our mining pods, which will validate the strong value presented when we enter our next phase and begin marketing the Proceso POD5IVE Datacenter as a self-contained, high-efficiency, low-maintenance cryptocurrency mining equipment solution.” And awaiting QB status; certification is already uploaded on the OTCmarket site.
ILong
by Sniper29x
Is HIVE about to breakout of a Bull Flag?It appears as though Hive is slightly breaching the downward sloping resistance of a Bull Flag, recently there was another fake-out to the downside of the horizontal baseline of support but the sp has created a higher low on top of the rising channel for a second time where I have placed the blue fingers. The RSI is already breaching the downward sloping resistance of a similar pattern. On the KST there has been a bullish cross, you need to zoom in close to get a clear view. The chart linked to this chart displays a slightly different narrative, it displays the sp is trading inside the rising channel on the verge of breaking out to the upside.
TSXV:HIVELong
by ScotianBot
2
EBON crypto mining machinesWith all this crypto hype, mara and riot rallying to new highs, and BTC continuing its bullish rally, what can we look at that is still cheap and related to these big names like Mara and Riot? ..... Well thats where we have $EBON, a chip design company and a manufacturer of high performance bitcoin mining machines. Now with BTC rallying to new highs this a blockchain stock to 100% add to your WL! Now from a TA standpoint $EBON is currently retesting a multi month downtrend and is looking primed to breakout and start its reversal back to ATH! Keep an eye on volume if we break that downtrend resistance and that will give us a confirmed sign of reversal. Now we have er approaching soon so any long term option contracts I will hold off till then and play the crypto hype short term w/ the ER run up. Key Levels: Support: 5.75, 5.21, 4.69 Resistance: 7.20, 7.92, 8.66,10.90 Ways to Play This: 1.Load shares and possibly sell covered calls 2. Enter on the breakout of the downtrend resistance line with month out option contracts 3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares) Option Ideas: extremely high IV on these tread carefully here Leap strikes are being added so possible 1/2022 Calls on this 7.5C 7/16 2.90 (Medium Risk: High Reward) 7.5C 3/19 1.88 (High Risk: High Reward) 10C 2/19 .30 (LOTTO)
NASDAQ:EBONLong
by jUiCE_Trades
5
THE FUTURE IS HEREYou can see on this weekly candles, bullish engulfing pattern! perfect play as bitcoin/cryptocurrencies are hot and being accepted by huge companies like tesla and apple. ISWH - has decent float, into crypto mining, has audited financials ready for up listing into OTCQB. There are also two acquisitions to boost revenue and growth as per company. Price is under 0.75cents usd, Short % is massive (including naked shorting). You can check the daily data here: otcshortreport.com ITS TIME! LETS CRUSH THE SHORTS! This play is more suitable for the PAYtience or should I say to those with DIAMOND HANDS.
ILong
by Sniper29x
BREAKOUT ALERT!This chart is ready for breakout! the stock is ISWH. they are in to bitcoin mining, telehealth and renewable energy. has a decent share structure. On technicals, this is clearly oversold as evidenced by the stoch rsi and macd; it also held the support really well (red line). This area is where i would scale in, and a break of that 0.26 is my bullish confirmation. As far as Eliot Waves, I strongly think it's setting up for the wave 3. a good catalyst could break that 0.45 resistance and with the tiny share structure, I have no doubt this would reach its 52 week high $1.40 This is a SWING to dollar land! RISK WHAT YOU CAN AFFORD TO LOSE! DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. In any trading or Investing, a due diligence is a must.
ILong
by Sniper29x