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