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%
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 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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