Feb 3rd DKING was $60 On Feb. 8, Ark Invest added 502,400 total shares in its portfolio of ETFs. On Feb. 1, Cathie Wood's Ark Invest disclosed a new position of 620,300 shares on Feb. 1 for the ARK Next Generation Internet ETF (ARKW).//// Large loss. Is it good news that Ark has not sold? Or is it a problem.
Van- Synthetic biology is in its infancy, but it’s drawing comparisons to the internet of a generation ago. Bill Gates, Cathie Wood, and venture capitalist John Doerr are among those who are investing in synthetic biology companies. What excites investors is the promise of programming the DNA of microorganisms like yeast as if they were computers and getting them to produce products more cheaply and with a lower carbon footprint than traditional manufacturing. Synthetic biology could reduce the need for petroleum-based chemicals as well as for plant- and animal-based products, benefiting the environment. Proponents say that the total addressable market is over $1 trillion. “This is what it might have been like 25 years ago if some guy had walked up to you and said the internet was going to be an amazing investment and you had no idea what he was talking about,” says Rick Schottenfeld, the general partner of the Schottenfeld Opportunities fund, an investor in Amyris. “This is where we are with synthetic biology.” Yet for all the bold claims and hopes for an industry once known as industrial biotech, revenue overall currently totals less than $1 billion. And no one is making a profit. Synthetic biology has so far produced mostly niche products like squalane, a moisturizer formerly sourced from shark liver; vitamin E; a sugar substitute; and vanillin. Amyris, which makes an estimated 70% of the world’s squalane using engineered yeast cells and sugar cane, says its efforts have saved as many as three million sharks a year. The small scale of the industry at present hasn’t dimmed investor interest in the three main plays on synthetic biology:Amyris(ticker: AMRS),Zymergen(ZY), and Ginkgo Bioworks. Ginkgo is due to go public in the current quarter through a merger with Soaring Eagle Acquisition(SRNG), a special-purpose acquisition company, or SPAC. It will be renamed Ginkgo Bioworks Holdings. Investors may want to take a basket approach to the stocks. The combined market value of the three is $25 billion. Synthetic biology, which blends biotechnology and industrial chemistry, isn’t an easy concept to grasp. The “magic of biology,” Ginkgo CEO Jason Kelly has noted, is that cells run on something akin to a computer’s digital code. Instead of zeros and ones, the four DNA base pairs — adenine, cytosine, guanine, and thymine— guide cells. “Think of synthetic biology as hijacking the natural biology of the cell and reprogramming it to produce something of interest,” says Doug Schenkel, a Cowen analyst who has Outperform ratings on Amyris and Zymergen. “Rather than have yeast make beer, you hijack it to make the scent of a flower.” Programming DNA, of course, is harder than programming computers, but progress is coming quickly. With impressive DNA coding capabilities, Ginkgo views itself as the industry’s Amazon Web Services, working with companies in consumer, pharmaceutical, and agricultural areas to design microorganisms and cells from mammals to make desired products or drugs. It provided help to Moderna(MRNA) in its development of the Covid-19 vaccine. “Ginkgo is looking to build a platform to make biology and cells as easy to program as computers,” says Kirsty Gibson, a portfolio manager at Baillie Gifford, which is buying stock in Ginkgo as part of the SPAC deal. “What’s really exciting is that it’s not limited by industry verticals—agricultural, flavor and fragrances, pharmaceuticals, food.” Amyris’ controlling shareholder is one of the country’s most successful venture capitalists, John Doerr, who was an early investor in Alphabet(GOOGL) and Amazon.com(AMZN). “I believe synthetic biology will continue to be a big part of making our planet healthier and our future more sustainable,” Doerr tells Barron’s. “Amyris is delivering on the promise of synthetic biology.” Doerr is chairman of Kleiner Perkins, the Silicon Valley venture-capital firm. Synthetic-biology manufacturing often involves large fermentation tanks filled with genetically re-engineered microorganisms like yeast that are filtered out of the finished product. This manufacturing technique uses little energy, but is unproven on a major scale. Amyris is the furthest along, based on revenue and products. It projects $400 million in 2021 sales and break-even results based on earnings before interest, taxes, depreciation, and amortization, or Ebitda. Amyris, whose shares trade around $13.50, is valued at $4 billion and looks like the best bet. Its CEO, John Melo, sees a potential $2 billion in sales and $600 million of Ebitda in 2025.<--- VAN-! With an all-star investor lineup including Gates’ Cascade Investment, Ginkgo has generated the most buzz. Based on the SPAC transaction, it has the highest market value of the three—about $18 billion. Its projected 2021 revenue, however, is very modest, about $100 million. Perhaps reflecting its lofty valuation, Soaring Eagle Acquisition shares haven’t budged since the May SPAC deal. The result is that investors can buy the stock for $9.95, a slight discount to the price of $10 at which several prominent investment firms including Cathie Wood’s Ark Investment Management and Baillie Gifford, an early backer of Tesla(TSLA), agreed to invest $775 million as part of the SPAC merger with Ginkgo. Ginkgo calls its microorganism design fees “foundry revenues.” It has royalty deals or equity stakes in 54 partners, and is working with Bayer(BAYRY), Roche Holding(RHHBY), Sumitomo Chemical(4005.Japan), and Robertet(RBT.France), a maker of flavors and fragrances. AMRS-- Soaring Eagle Acquisition --
Some of these weird Bitcoing plays are bouncing. SOS- SOS SOS Limited $2.45 0.02 (+0.82%) 3:59 PM 07/20/21 NYSE | Pre-Market: $2.74+0.29 (+11.84%)<------- This stk is down from $16 and $10 it's a crypto miner you know the type...
Riot Blockchain (NASDAQ:RIOT) +7%.<-- prob the strongest if you can say that down from $60! But... Marathon Digital Holdings (NASDAQ:MARA) +7%. $24 down from $52.
SOS has a China angle... SOS is headquartered in Qingdao, China. Although SOS's company website has provided an IT-savvy laundry list of its various business lines (e.g. rescue, insurance and safety inspection, intelligent hardware, big data, and cloud computing services), and its diversity and breadth can certainly be described as mind-boggling. The company has attempted to angle itself as one which is backed by US professionals on its board of directors, and more recently, is apparently developing blockchain operationsin the US with JV partner Niagara Worldwide. However, even key personalities and business functions listed on the websiteof Niagara Worldwide appear rather unclear and attempts at background checks of its primary executiveshave unearthed little information. Previously, the company was named China Rapid Finance....<-- sketchy
MARA seems interesting as far as these things go. Costs are out of control and they may have a ton of bitcoins on the balance sheet at a higher price. (like MSTR!) Compared to projections made in the first quarter, China's second quarter crackdown on Bitcoin mining will boost Marathon's share of total network hash rate by about 25%. Marathon's deal with Compute North to construct and host a new 300 MW data center in Texas will allow rig installations that bring the company's hash rate to 10.37 EH/s. Even using the new, more liberal five-year model for depreciation, expect $8.5 million per quarter in non-cash costs related to mining equipment.
China Crackdown should provide a short-term boost for Riot. More than 50% of Bitcoin's hashrate has dropped off the network since May, which has made it 28% less difficult for miners to earn each token. This plays directly into Riot's hands. They have already done most of the legwork in creating a sophisticated mining fleet and have already created a relatively stable operation as hashrate will likely be migrating from China back to the US. This should bode well for investors in domestic Bitcoin mining companies, particularly those with low cost of production along with decent-sized Networks. But the crackdown could do more harm than good if it significantly hurts demand for Bitcoin.
Malaysia steamrolls 1,069 Bitcoin mining machines after owners stole energy Crackdown against cryptocurrency mining activities follows recent measures in China, Iran and the UK Jul 19, 2021 Authorities in Malaysia arrested the owners of a cryptocurrency mining farm for stealing energy, shut down the unit and steamrollered 1,069 of its mining machines worth 5.3 million Malaysian ringgit ($1.25m), reports said. The raid was a joint operation carried out by the police and Sarawak Energy Berhad in the Malaysian city of Miri, according to local newspaper The Star. The operation took place between February and April and those arrested were charged with stealing energy, the newspaper added. The arrests follow a crackdown against Bitcoin miners in China in June, when authorities, concerned about the environmental impact of cryptocurrency mining, closed down operations in Sichuan province. Electricity is a primary input in the mining of Bitcoin and other cryptocurrencies. The coins are mined by computers that process complex algorithms in halls that span the area of several football pitches. In April, researchers at Cambridge University estimated that the electricity consumption of the Bitcoin network is almost 120 terawatt-hours per year. That is more than the UAE's energy consumption at 119.45 terawatt-hours, and on course to overtake Pakistan. “A total of six people have been successfully charged under Section 379 of the Penal Code for electricity theft and have been fined up to 8,000 Malaysian Ringgits [$1,896] and jailed for up to eight months,” Miri police chief Hakemal Hawari said. “The electricity theft for mining Bitcoin activities has caused frequent power outages and in 2021, three houses were razed due to illegal electricity supply connections,” he added. The SEB said it lost 8.4m ringgit ($1.98m) worth of electricity due to Bitcoin mining operations. Local news outlet Dayak Daily released a video of the police steamrollering the mining rigs in Miri. In May, UK police officers forced their way into an enormous Bitcoin mine at the Great Bridge Industrial Estate in Sandwell, the West Midlands, where they found a large bank of around 100 computers used for mining. “My understanding is that mining for cryptocurrency is not itself illegal but clearly abstracting electricity from the mains supply to power it is,” Sergeant Jennifer Griffin, of Sandwell Police, said in a statement. In May, Iran banned the mining of cryptocurrencies such as Bitcoin for nearly four months as part of efforts to reduce power cuts caused by surging electricity demand during the hot and dry summer. In June, Iranian authorities seized 7,000 computers at an illegal cryptocurrency farm in Tehran.