BTCGarden IPO is cancelled.
32k xbt (aka btc in iso speak) is coming online in 24-48 hours that thought it was long young mining, and isn’t.
Some of this is going to have to flow into labcoin and AMC. It’s just the law of supply and demand.
These seem like reasonable young miners to me, also. I was initially skeptical, so I didn’t get any at the IPO price or when AMC was having merger drama, but things are stabilizing. A lot more expensive of course, but not as expensive as they could get if these younglings actually start to look competitive with bluechip ASICMINER.
Labcoin at 0.0014 and AMC at 0.0058.
I think the play here is to flip some when (ok, if) the predicted buy surge materials over the next 24-48 hours, and keep a core position in case things work out and asics actually start rolling out of the fab.
Let’s see how this turns out.