Argo Blockchain increased Bitcoin output and upped mining capacity in November
"Execute. Build. Smart Growth. Onwards and upwards," chief executive Peter Wall said
Company
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.
235 stories · page 4 of 12
"Execute. Build. Smart Growth. Onwards and upwards," chief executive Peter Wall said
The acquisition will advance Pioneer's investments in businesses in the NFT, NFT gaming and tokenised community sectors
It said it plans to use some of the funds in constructing or purchasing newmining machines for its Texas cryptocurrency mining facility
It received 167 new Bitcoin units in October and ended the month holding 2,128 Bitcoins
The relevant tweets have since been deleted by the user
finnCap upgraded its target price to 270p, suggesting significant upside to the current price of around 128p.
Argo mined 597 Bitcoins in the quarter and at the end of September held 1,836 Bitcoins.
It mined 165 Bitcoins and ended September with 1,836 Bitcoins
It is set to significantly boost Argo's mining power as the machines are installed through mid-2022
Crypto watchers said the news was old and originally announced on 15 September
ADS units representing 10 Argo shares are being offered to US investors
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
A snapshot of some of the small-cap stories on the Proactive newswire today
"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
A glance at some of the day's highlights from the Proactive Investors' newswire
The cryptocurrency miner said it will maintain its listing on London’s main market
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The broker has a target price of 240p on Argo Blockchain
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
“We're very selective about how we grow,” Peter Wall said in a note.