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Argo Blockchain plc (ARB.L)

LSE - LSE Delayed price. Currency in GBp

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11.75-0.45 (-3.69%)

At close: 4:44PM GMT

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Flying here, huge gains to come! DYOR!
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ARB.L is up 15.00% to 3.45
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ARB.L is up 8.14% to $3.92
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ARB.L is down 13.51% to $4.00
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ARB.L reached an all time low at $2.75
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ARB.L reached an all time low at $3.25
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ARB.L reached an all time low at $3.16
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ARB.L reached an all time low at $3.11
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ARB.L reached an all time low at $3.01
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ARB.L reached an all time low at $2.95
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At the moment market cap is 24M
According to latest operating update 163 bitcoins has been generated in July.

163 x 9.400(approx) = 1.532M £ (approx)
1.532M x 12 = 18.384M and it is 76% of actual market cap.
8 pence a share looks more like liquidation quote not a fair share price.
CEO mentioned we should to expect capacity to increase by 296% over next 6 months.
IMHO fair price now would be 40 to 50 pence and 1.2 to 1.5 pound a share in next 6 months.
Any thoughts? I don’t mind criticism but please show me your work.
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BTC is going up since beginning of the year and ARB is going nowhere. Pathetic.