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Investor Update: Argo Blockchain agrees deal to expand electricity supply by 357%

Headlines from the Proactive UK newsroom.

Argo Blockchain (LON:ARB) is to boost its electricity supply by 357% through a deal with a leading Canadian data centre provider. Argo now has access to 64 megawatts of electricity for bitcoin mining.

Bacanora Lithium PLC (LON:BCN) has received the second approval of the three required for an investment by Chinese firm Ganfeng. The final approval will be received following a Ganfeng board meeting in the coming weeks. 

Ironridge Resources (LON:IRR) has produced a high-grade source of lithium from ore mined at its project in Ghana. Work is now underway to convert the concentrate into higher value lithium hydroxide. 

ARC Minerals (LON:ARCM) has unearthed more high grade copper indications at shallow depths at Cheyeza East in Zambia. The mineralised zone now extends to a width of 300m with a strike of 650m.

Persimmon’s decision to invest in improving the quality of its houses hit its first half numbers. Revenues dipped 4.5% while the number of completions fell 6%.

Mining giant BHP paid out a record final dividend as it topped up the expected amount by a further US$1.3bn. Underlying annual profits rose by 2% to US$9.1bn.

An AstraZeneca drug has shown a significant improvement in people already under treatment for heart failure. Farxiga significantly reduced the risk of cardiovascular death when added to the standard of care treatment.

Quick facts: Argo Blockchain Plc

Price: 7.7 GBX

LSE:ARB
Market: LSE
Market Cap: £22.62 m
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Investor Update: Argo Blockchain reports 75% boost to third quarter revenues

Top stories from the Proactive UK newsroom. Bitcoin miner Argo Blockchain’s (LON:ARB) third quarter revenues rose by 75%. The mining margin was approximately 73%, which Argo believes to be one of the highest efficiency rates in the market.  Quadrise Fuels (LON:QFI) has signed an...

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