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.
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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
Since bitcoin latest’s run-up began, Argo’s share price has risen to 239p from 14p or a 17-fold increase.
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
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
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%
The 1,295 S19 and S19 pro machines will add around 127 petahash of computing power to the cryptocurrency miner's capacity
AIM-listed Argo has seen its share price rise more than six-fold in the past month
The firm has raised £22.4mln in a private placement, with the capacity expansion due to take place in the first half of 2021
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
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
Chief executive Peter Wall highlighted an excellent start to 2021 as the company is boosted by the early shipment of mining machines
Archive
A look back at some of the more interesting stories from London's junior market over the first week of 2021
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
A glance at some of the day's highlights from the Proactive Investors newswire
Luxor designs software platforms that designed to help cryptocurrency miners maximise their earnings through profit-switching algorithms
A glance at some of the day's highlights from the Proactive Investors newswire
The market responded very positively to the news, soaring 84% in early deals.
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
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
The data centres have a combined total of 20MW of power capacity
