Argo Blockchain’s renewable energy mining will differentiate it from the rest of the market, says broker
In a note, the broker said the Bitcoin mining firm’s results for 2020 had also come in “slightly ahead” of their expectations
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 swings into profit as it crosses major inflexion point in 2020
The crypto miner reported a 120% jump in revenues during the year, adding that all of its mining machines have now achieved over 100% return on investment
Argo Blockchain agrees deal to construct Texas mining facility
The crypto-miner said it has signed a contract with mining facility designer Navier to co-develop its new location in Helios
Argo Blockchain, Rolls-Royce Holdings and Tesla among March investor favourites
Scottish Mortgage Investment Trust remained the most popular investment trust on the major UK platforms
Proactive news headlines: Argo Blockchain, Woodbois, FinnCap, SIMEC Atlantis Energy...
A glance at some of the day's highlights from the Proactive Investors newswire
Chinese Bitcoin mining risks climate targets due to coal power usage
The paper, published in the Nature journal, outlined that the country's vast Bitcoin mining operation, which accounts for around 80% of the entire cryptocurrency trade, will generate as much as 130.5mln metric tonnes of carbon emissions by
Argo Blockchain posts record mining revenues for third month in a row
The crypto miner reported revenues in March of £6.57mln, up from £4.34mln in February, as the amount of Bitcoin and equivalents mined climbed to 165 from 129
Proactive news headlines: Argo Blockchain, Belvoir Group, Horizonte Minerals, 4D pharma...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain appoints climate strategy advisor
The crypto miner said it has engaged Guidehouse, a consultancy and solutions provider, to advise on its strategy to achieve net-zero emissions
Archive
Proactive news headlines: Argo Blockchain, Bahamas Petroleum, Iconic Labs, Avation...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain enters partnership to launch first clean energy Bitcoin mining pool
The company said the agreement with DMG Blockchain Solutions is aiming to create a “green Bitcoin” and reduce the impact of cryptocurrency mining on the environment
Proactive news headlines: Argo Blockchain, Shield Therapeutics, Critical Metals...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain raises funds to strengthen investment in Pluto Digital Assets, pursue strategic opportunities
The crypto miner said it has raised around £26.8mln through a placing of new shares to institutional and other investors, as well as a subscription to certain US investors and an offer for subscription of shares through PrimaryBid
Argo Blockchain completes Texas land purchase to build Bitcoin mining facility
The company said it intends to build a new cryptocurrency mining facility on the 320-acre plot, located in the west of the US state
Can you include bitcoin in your ISA or SIPP?
A two-minute explainer tapping into the expertise of three personal finance analysts ahead of the ISA and SIPP deadline
Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?
Ahead of the ISA and SIPP deadline in early April, investors were also piling into investment trusts and funds with significant exposure to Big Tech in the US and China
Proactive news headlines: Argo Blockchain, Gore Street Energy Storage, Inspired Energy, Genedrive...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain cranks up production in February
Peter Wall, the CEO of Argo Blockchain, has agreed to be paid in Bitcoin henceforth
Argo Blockchain installs new crypto mining machines
The company said the 4,500 machines represent the final delivery of Antminers under its lease with Celsius Network and have added around 430 petahash to its installed computing power
Argo Blockchain begins trading on OTCQX market
The cryptocurrency miner said the OTCQX is the highest tier of the OTC market and represents an "important milestone" for the company
Argo Blockchain inks collaboration deal with ePIC Blockchain Technologies
Under the deal, the cryptocurrency miner said it will receive priority access to ePIC's state-of-the-art ASIC mining machines and will also assist in the development and testing of future products
Argo Blockchain value beyond US$1bn as bitcoin rise continues
Since bitcoin latest’s run-up began, Argo’s share price has risen to 239p from 14p or a 17-fold increase.
Argo Blockchain inks letter of intent to acquire land for new mining facility
The company said the 320-acre site in West Texas will provide access to up to 800 megawatts of electrical power, most of which comes from renewable sources
Argo Blockchain unveils investment in digital asset firm
The company said it has invested £1mln for a 25% stake in Pluto Digital Assets, a crypto venture capital firm focused on projects in the decentralised technology and finance spaces
Argo Blockchain reports higher revenues, expanded margins in January
The crypto miner reported that revenues for January were £2.48mln. up from £1.63mln in December, while its average monthly mining margin rose to 71% from 60%
Argo Blockchain brings new mining machines into production
The 1,295 S19 and S19 pro machines will add around 127 petahash of computing power to the cryptocurrency miner's capacity
Argo Blockchain appoints advisor to build US investor presence
AIM-listed Argo has seen its share price rise more than six-fold in the past month
Argo Blockchain raises funds to expand mining capacity
The firm has raised £22.4mln in a private placement, with the capacity expansion due to take place in the first half of 2021
Argo Blockchain to begin trading on OTCQB venture market from Wednesday
The cryptocurrency mining firm said it will trade on the OTCQB under the ticker 'ARBKF' while also continuing to list its shares on the LSE
Bitcoin price plunges as FCA warns crypto investors could lose all their money
The regulator said investors looking to invest in the digital asset market should be prepared to take on “high-risk, speculative investments” which may also leave them outside of the UK's various consumer protection schemes
Argo Blockchain receives 1,058 cryptocurrency miners ahead of schedule
Chief executive Peter Wall highlighted an excellent start to 2021 as the company is boosted by the early shipment of mining machines
Archive
Small cap movers: Argo Blockchain lifted by Bitcoin hitting new highs
A look back at some of the more interesting stories from London's junior market over the first week of 2021
Argo Blockchain delivers revenue and margin expansion in December
The crypto mining firm reported revenues for the month of £1.63mln, up from £1.48mln in November, which was generated with an average monthly mining margin of around 60% compared to 57% in the prior month
Proactive news headlines: Argo Blockchain, Remote Monitored Systems United Oil and Gas, Plexus ...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain unveils investment in Luxor Technologies
Luxor designs software platforms that designed to help cryptocurrency miners maximise their earnings through profit-switching algorithms
Proactive news headlines: Argo Blockchain, Supermarket Income REIT, Power Metal Resources ...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain soars as it applies for listing on US OTCQB Venture Market
The market responded very positively to the news, soaring 84% in early deals.
Argo Blockchain reports higher crypto mining revenues, expanded margins in November
The digital currency miner reported an average monthly mining margin of around 57% for the mont compared to 40% in October, while revenues generated for the period rose to £1.48mln from £1.2mln
Argo Blockchain inks new agreements, reports higher revenues for October
The cryptominer said it has signed an equipment lease with Celsius Network, a crypto lending platform, for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months
Argo Blockchain takes first steps to buy Canadian data centres
The data centres have a combined total of 20MW of power capacity
Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining capacity expands
The crypto miner said it had mined 1,669 Bitcoin during the period, a 545% increase on the prior year
Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin prices
The cryptocurrency miner reported revenues of £1.49mln in August, up from £1.25mln in July, while its average monthly mining margin rose to 44% from 34%
Argo Blockchain boosts mining margins in July
CEO Peter Wall also hailed a rise in Bitcoin prices above US$10,000, which he said will positively impact margins going forward
Argo Blockchain pays down debt and expands mining capacity as Bitcoin enters post-halving period
The crypto miner said its total mining capacity now stands at 18,000 machines, representing a 244% increase in mining power from the end of 2019
Argo Blockchain expands cryptocurrency mining capacity
The company has purchased 750 new Bitmain Z11 crypto mining machines with cash generated from operations as well as arm's length financing
Argo Blockchain sees mining revenue rise in May despite Bitcoin halving
A halving occurs around every four years and reduces the rate at which new Bitcoin enters circulation by making it twice as hard to mine a single unit of the digital currency
Argo Blockchain reports triple-digit rise in amount of Bitcoin mined in early 2020, appoints new CFO
The cryptocurrency miner said that its mining capacity has increased by 244% from the end of last year
Argo Blockchain reports eleven-fold revenue increase in 2019
The company said it had mined around 1,330 Bitcoin over the course of the year
Archive
Proactive news snapshot: Argo Blockchain, Ergomed, Futura Medical, CentralNic Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain jumps as it mines record number of Bitcoin in first three months of 2020
The crypto miner mined 918 Bitcoin or Bitcoin equivalent in the three months, more than double the amount mined during the previous quarter
Argo Blockchain bounces as it reports 56% jump in monthly revenues, completes mining expansion ahead of schedule
The company has installed around 10,000 new cryptocurrency mining machines since the start of the year
Argo Blockchain makes strong start to 2020
Argo now has 16,500 machines in production representing 630 petahash of mining power.
Argo Blockchain appoints new executive chairman as machine installations continue ahead of schedule
Ian MacLeod, who succeeds outgoing chairman Mike Edwards, also serves as corporate secretary and general counsel at e-commerce-focused investment fund Teligence
Argo Blockchain bounces as revenues increase ten-fold
The cryptocurrency miner also says its plans to expand its mining capacity are currently ahead of schedule
Argo Blockchain rises as it appoints VP of operations as new CEO, adds new mining machines
Peter Wall, one of the co-founders of the cryptocurrency miner, has ascended to the position with immediate effect
Argo Blockchain increases number of crypto mining machines to 7,000
The cryptocurrency miner is planning to increase its production base to 17,000 by the end of the first quarter of 2020, with 10,000 more machines currently on order
Argo Blockchain to receive 10,000 crypto mining machines following expanded order
The cryptocurrency miner said that it had replaced the order for 5,000 Antminer S17s priced at US$13.09mln, with 10,000 Antminer T17s costing US$9.51mln
Argo Blockchain increases number of Bitcoin mining machines to 6,500
Another 5,500 machines are currently on order and expected to be installed by the end of the quarter
Argo Blockchain’s third-quarter revenues jump 75%
The jump in income for the Bitcoin miner came as it said it was planning to double its mining capacity by the end of the year with 6,000 new machines
Argo completes installation of 1,000 crypto mining machines
Another 6,000 machines are scheduled to be installed over the next two quarters
Argo advances as it swings to first profit since listing
The results are the first set of figures since Argo decided to refocus its business from subscription-based mining to generating crypto for its own ends
Argo Blockchain ends partnership discussion with Hive Blockchain Technologies
The crypto miner said the interests of shareholders would be better served by the firm implementing a US$16mln investment programme to boost capacity
Proactive news snapshot: Argo Blockchain, OptiBiotix Health, Chaarat Gold...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain bounces as it recoups cost of crypto mining machines faster than expected
The Bitcoin miner said it had achieved 100% payback on 1,000 mining machines in less than half of the estimated time frame
Proactive news snapshot: Argo Blockchain, Power Metal Resources, Greatland Gold...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain surges as it inks deal to expand electricity supply by 357%
The boost will increase Argo's Bitcoin mining capacity to 1,360 petahash from 505 petahash, making it the world’s largest publicly listed crypto miner
Argo Blockchain gets the bitcoin between its teeth
The installation of new mining equipment continues apace with 1,000 Z11 and 2,269 S17 Antminers currently in production at Argo's Quebec facilities
Argo appoints former Gazprombank adviser as independent non-executive director
Matthew Shaw is also the founder of Protos Asset Management, a Swiss company that invests in early-stage cryptocurrency and blockchain businesses
Archive
Proactive news snapshot: Argo Blockchain, ValiRx, Arc Minerals, Directa Plus ...
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
Distil down the plug-hole after slump in revenues
A look at the day's major movers, including C&C, Global Ports, Carclo, ValiRx, IGas, Intelligent Ultrasound, Richland Resources and Bango
Argo Blockchain surges as it expands crypto mining capacity by over 100%
The 5,000 new machines will allow Argo to perform around 505,000 trillion of the calculations needed to mine Bitcoin every second
Investments and investor services
FTSE 100 closes a shade lower as markets uninspired; US celebrates Independence Day holiday
The Footsie finished down nearly six points at 7,603
Investments and investor services
CAP-XX signs licensing agreement after favourable US court decision
A look at the day's major movers, including Fastjet, Johnson Service, Solid State, Fusion Antibodies, Funding Circle, Dialight and Associated British Engineering
Archive
Proactive news snapshot: Sirius Minerals, Arc Minerals, InnovaDerma, H&T Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain surges as second quarter mining beats expectations
The cryptoasset miner said a strong rise in Bitcoin prices had boosted yields from its hardware, while 2,500 new machines were expected to be in operation by the third quarter
Investments and investor services
FTSE 100 closes firmly higher as trade optimism boosts sentiment
The Footsie closed up over 61 points at 7,559. The FTSE 250 closed up around 24 points higher at 19,659.
Archive
Proactive news snapshot: Richland Resources, Kromek, Powerhouse Energy, Allergy Therapeutics …
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
e-therapeutics jumps as share overhang created by Woodford’s need to liquidate assets further cleared
A look at some of the biggest risers and fallers in London on Thursday
Argo Blockchain increases capacity and cuts costs under new agreement with data centre provider
The new agreement with Canadian group GPU.one will allow Argo to increase its mining capacity at two data centres in Quebec by 47% to 14 megawatts
Archive
News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
Archive
Proactive news snapshot: Argo Blockchain, Sareum Holdings, WideCells Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
EQTEC gives ground as it draws on its loan facility
A look at the day's major movers, including Carclo, Sareum, Karelian, Kier, Fulcrum, Microsaic, Dignity and Scapa
Argo Blockchain bounces as it raises second quarter forecasts
The crypto mining services group said its results for May were “materially ahead” of internal budgets, reflecting improved market conditions and earlier than expected delivery of mining hardware
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
Hardware & electrical equipment
Fully-funded Argo Blockchain charts a new course
Navigated tricky peroiod operationally Inked an important deal Re-visited its strategy Oh, and it is well-funded
Archive
Proactive news snapshot: Gaming Realms, Sareum Holdings, Anglo Asian Mining …
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
Toople topples as investors sell the half-year news
A look at the day's major movers in London on Wednesday, including Yu Group, Argo Blockchain, Tavistock Investments, Finablr, Moss Bros, Speedy Hire and Indivior
Archive
Proactive news snapshot: Argo Blockchain, Tavistock Investments, Be Heard Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain and activist investor First Investments agree peace plan just days before crunch meeting
Separately, First Investments has signed an outline agreement to become Argo's first and potentially largest enterprise-level mining-as-a-service customer ploughing in up to US$1mln a month
Archive
FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
Archive
Proactive news snapshot: Argo Blockchain, CentralNic, Europa Metals...
A glance at some of the day's highlights from the Proactive Investors newswire
Hardware & electrical equipment
Argo Blockchain agrees outline deal with crypto miner; responds to activist investor's plans
The stand-out from the company's deal with HIVE Blockchain is the valuation it places on Argo shares
Archive
Proactive news snapshot: EQTEC, Sound Energy, Sativa Investments...
A glance at some of the day's highlights from the Proactive Investors newswire
Argo Blockchain expects break-even EBITDA in second half as it increases crypto-mining capabilities
The cryptocurrency mining firm brought 1,000 Bitmain Z11 mining units into production on 2 May and expected these to contribute to “an improving gross margin” in its second quarter
Archive
Proactive news snapshot: ANGLE, Galantas Gold, SkinBioTherapeutics …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Trifast finishes financial year with a flourish
A look at the day's major movers, including Mi-Pay, D4T4, First Derivatives, Starcom, Ferro-Alloy Resources, SimiGon and MX Oil.
Argo Blockchain directors urge investors to reject bid to unseat founders
Lynchwood Nominees has built up a 5% stake in Argo
Archive
FTSE 100 closes lower ahead of the Easter weekend
The UK's premier stock index finished down around 11 points at 7,459
Argo Blockchain re-affirms break-even target
The company published its maiden set of financial results as a listed company
Archive
Proactive news snapshot: Block Energy, Powerhouse Energy, Learning Technologies, Hurricane Energy ...
A glance at some of the day's highlights from the Proactive Investors newswire