Company
Argo Blockchain PLC
LON:ARB
Argo Blockchain PLC is a global data centre business that provides a powerful and efficient platform for cryptocurrency mining operations. The company is headquartered in London, UK, with operations in strategic locations in North America.
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Argo Blockchain says it has no exposure to Silvergate Bank or SVB collapse
One subsidiary had minimal exposure to Signature Bank, but deposits secured
Argo Blockchain improved mining profits in October, widened profit margins
An increase in network difficulty led to lower bitcoin yield, but higher crypto prices helped the bottom line
Argo Blockchain says £24mln strategic fundraise cancelled
The cryptocurrency miner said it is now exploring other financing opportunities to "further maximise liquidity and preserve cash"
Argo Blockchain surges on bitcoin price rally
AIM-quoted bitcoin miner adds over 25% to its market valuation in a day
Argo Blockchain extracted 215 bitcoin throughout September
The AIM-quoted cryptocurrency miner is set to ramp up Texas operations with hardware upgrade
Argo Blockchain to raise £24mln to offset power prices and bitcoin slide
A strategic investor is pumping in £24mln with a further £11mln to come from asset sales and a leasing deal tweak
Argo Blockchain signs third party crypto mining contract for Helios
Hosting agreement utilises excess capacity at Helios and further increases our hash rate, said Argo
Argo Blockchain well positioned to capitalise when conditions improve, says broker
The broker also noted that Helios is continuing to scale since its launch on 5 May
Argo Blockchain hails ‘significant’ progress at new Helios facility
“While the first half of 2022 presented many challenges, I am delighted with the progress that we have made in developing Helios and positioning ourselves as a leader in the Bitcoin mining industry,” said CEO Peter Wall
Argo Blockchain remained climate positive in 2021, new report shows
The first annual sustainability report outlined substantial emissions decreases and improved mining efficiency
Argo Blockchain increases mining revenues, brings mining rigs in-house
Transition out of third-party facilities set to ramp up operating efficiency
Argo Blockchain steps up bitcoin mining output, hires derivatives trader
Mining revenue in June was £3.38mln, up from £3.07mln in May
Argo Blockchain mines fewer bitcoin in May as it brings new Texas facility online
As a result of high temperatures in Texas leading to increased energy demand and higher electricity prices, the company said it responded by voluntarily curtailing mining operations and reducing its energy usage
Argo Blockchain reports first-quarter revenue and profit growth as Helios facility opens
With the new facility in Texas having started mining activities this month, the bitcoin mining hashrate is expected to jump to 5.5 EH/s by the end of 2022 from 1.6 EH/s at the end of last year
Argo Blockchain reports improved monthly numbers and appoints chief growth officer
During April, 166 bitcoin or bitcoin equivalent were mined by the company, up from 163 the month before
Argo Blockchain to begin Bitcoin mining at new Helios facility next week
The site has now been energised with 200 MW of power and the first batch of crypto mining machines has been installed
Argo Blockchain tops up loan for Texas bitcoin mining facility
"This additional non-dilutive funding will enable us to continue fitting out phase 1 of our Helios site"
Argo Blockchain earnings soar in 2021, expects mining capacity to triple in 2022
For last year, revenue was up 291% to £74.2mln and net income rose more than 2,000% to £30.8mln
Argo Blockchain appoints operations chief, mining revenue increases
Mining revenue for the month amounted to £5.2mln compared to £4.15mln the preceding month
Bitcoin: How environmentally-damaging is it and what greener alternatives are there?
Crypto mining uses up 1,310 times less energy than the entire world uses in a year
Argo Blockchain signs agreement to swap mining fleet
The exchange will take over the summer in stages to minimise any loss in hashrate
Argo Blockchain takes loan to cover cost of electrical equipment for Texas crypto mining facility
The company said it anticipates being able to energise and complete the 200MW facility in the first half of this year
Hardware & electrical equipment
Argo Blockchain signs supply agreement with Intel
The crypto miner also announced a transformer order that will provide an additional 600MW of total power to its Helios facility
Valkyrie Bitcoin mining ETF approved by Nasdaq
Argo Blockchain is one of the companies that will be indexed in the fund
Argo Blockchain lays the foundations for 2022 growth strategy
At the end of January, the company owned 2,748 Bitcoin (BTC) of which 262 were BTC equivalents.
Argo Blockchain funds innovations division to explore DeFi, NFTs and the metaverse
A new head of Argo Labs has also been appointed in the form of Vakeesan Mahalingam, who joins from a consultancy that worked with crypto startups
Argo Blockchain says new Texas facility on track as Bitcoin mining output rises in December
"2021 has been a transformational year for both Argo and the cryptocurrency sector," said CEO Peter Wall
Argo Blockchain out-ranks Lloyds and BP in Fidelity's 2021 'top stocks'
Argo trailed only Rolls-Royce and BA-owner IAG in Fidelity's list of 'most actively traded stocks' on its platform in the year
Argo Blockchain reaches 'amicable resolution' to litigation with crypto lender
As part of the agreement, Celsius has passed the title to Argo for the 4,500 mining machines covered by the lease
Argo Blockchain increased Bitcoin output and upped mining capacity in November
"Execute. Build. Smart Growth. Onwards and upwards," chief executive Peter Wall said
Pioneer Media in deal to buy Canadian web3 company NGMI Labs
The acquisition will advance Pioneer's investments in businesses in the NFT, NFT gaming and tokenised community sectors
Argo Blockchain eyes investment in mining machines or acquisitions after issuing bonds
It said it plans to use some of the funds in constructing or purchasing newmining machines for its Texas cryptocurrency mining facility
Argo Blockchain reveals monthly Bitcoin mining stats
It received 167 new Bitcoin units in October and ended the month holding 2,128 Bitcoins
Argo Blockchain clarifies non-public information disclosed on Twitter
The relevant tweets have since been deleted by the user
Argo Blockchain price tipped to double as Bitcoin mining ramps up
finnCap upgraded its target price to 270p, suggesting significant upside to the current price of around 128p.
Argo Blockchain sees record revenue in third-quarter
Argo mined 597 Bitcoins in the quarter and at the end of September held 1,836 Bitcoins.
Argo Blockchain generated £5.5mln Bitcoin mining revenue in September
It mined 165 Bitcoins and ended September with 1,836 Bitcoins
Argo Blockchain expands Bitcoin mining capacity
It is set to significantly boost Argo's mining power as the machines are installed through mid-2022
Crypto prices crash with a FUD as China memo sparks sell-off
Crypto watchers said the news was old and originally announced on 15 September
Argo Blockchain launches Nasdaq ADS offer
ADS units representing 10 Argo shares are being offered to US investors
Argo Blockchain secures Bitcoin-backed loan agreement
The proceeds will be used to continue the build-out of the West Texas data centre and to meet the firm’s operating cash flow requirements
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Argo Blockchain pleased with Bitcoin mining performance in August as margins improve
"I am pleased that we have been able to deliver these results at an improved margin this month and continue to deliver value to our shareholders,” said chief executive Peter Wall
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Argo Blockchain files for Nasdaq IPO
The cryptocurrency miner said it will maintain its listing on London’s main market
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Argo Blockchain set to continue to benefit from global mining disruption, says broker finnCap
The broker has a target price of 240p on Argo Blockchain
Argo Blockchain first listed crypto miner to become climate positive
The company said it is addressing its own greenhouse gas emissions to become carbon neutral and going even further by mitigating emissions through the support of projects outside of the group
Argo Blockchain is built for cryptocurrency marathon - Peter Wall
“We're very selective about how we grow,” Peter Wall said in a note.
Argo Blockchain reports record profit amid Bitcoin price boom
Revenues at the crypto miner also surged by 180% to £31.1mln in the first six months of 2021, while margins expanded to 81% from 39%
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Argo Blockchain rakes in Bitcoin amid fall in mining difficulty
The crypto miner reported that it had mined 225 Bitcoin or equivalent in July, up from 167 BTC in June, generating revenues of £5.6mln
Argo Blockchain updates on boardroom reshuffle
New appointments include three non-executive directors and the elevation of finance director Alex Appleton to executive director level
Argo Blockchain’s Texas facility will allow it to stand out amid shift to renewable crypto mining, says broker
Analysts at finnCap said the crypto miner's energy use will become "increasingly important as global governments and investors scrutinise Bitcoin mining powered by non-renewables”
Argo Blockchain begins construction of Texas mining facility
The facility, which will be powered predominantly by renewable energy, is expected to be completed in the first half of 2022
Argo Blockchain unveils two new team members
The crypto miner has appointed Jean Esquier as vice president of technology & development and Theodore Papadakis as head of data centre operations
Argo Blockchain mulls secondary listing on Nasdaq
The crypto miner said the timing and terms of such as listing have yet to be determined and there is no certainty around whether it will occur
Bitcoin mining could become 25% easier from this weekend following China crackdown
The amount of computing power used to mine Bitcoin has fallen sharply as many Chinese miners have gone offline or migrate elsewhere, leaving the market much less crowded for those still operating
Argo Blockchain inks Bitcoin-backed loan deal
The crypto miner said the proceeds will be used to help fund the build out of its data centre in West Texas as well as meeting its operating cashflow requirements
Argo Blockchain can benefit from Chinese BItcoin crackdown suggests broker
Market estimates suggest over 50% of Bitcoin is mined in China
Argo Blockchain unveils DeFi investment, updates on mining and infrastructure
The Bitcoin miner said it has invested £146,000 in WonderFi Technologies, a firm focused on bringing DeFi technology to the masses
Bitcoin briefly breaks above US$40,000, Ethereum and other cryptos gather steam
The digital currency has managed to erase almost all of its losses following a plunge over the weekend
Bitcoin struggles as sellers return following brief rally
Despite a collection of positive news stories overnight, the original digital currency was failing to make much headway on Tuesday afternoon
Argo Blockchain joins new Bitcoin Mining Council set up after Elon Musk call
The BMC is comprised of several North American cryptocurrency miners to promote energy transparency and improve sustainable mining practices
Argo Blockchain inks crypto climate accord to promote industry decarbonisation
The CCA outlines several objectives for the crypto mining industry including reaching net-zero emissions from electricity consumption by 2030
Argo Blockchain buys two data centres in Quebec
The two data centres have a combined power capacity of 20 megawatts and currently house a significant proportion of the company's cryptocurrency mining equipment
Argo Blockchain's mining revenues continue to rise
The group said it had mined 163 Bitcoin or Bitcoin equivalent during the month, while its margins rose slightly to 85%
Argo Blockchain mines the crypto vein
Crypto mining is the process of using powerful computers to validate transactions on a decentralised ledger system known as a blockchain
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