reports
Cryptocurrency Mining Company Argo Blockchain Exceeds 1,000 Bitcoin Ho...
LONDON--(BUSINESS WIRE)-- Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF), is pleased to provide the following operational update for May. Operational Update During the month of May, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 163 BTC in April. This brings the total amount of BTC mined year-to-date to 716 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in May amounted to $7.8 million (April 2021: $9.3 million). Argo generated this income at an average monthly mining margin ...
Argo Blockchain Purchases Two Data Centres
LONDON--(BUSINESS WIRE)-- Argo Blockchain (LSE:ARB) (OTCQX: ARBKF), a global leader in cryptocurrency mining today announced that, further to the share purchase agreement with GPU.one announced on February 3, 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the company’s strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the company with long term stability. The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of A...
Cryptocurrency Mining Company Argo Blockchain Generates Record Revenue...
LONDON--(BUSINESS WIRE)-- Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) today announced it has mined 163 Bitcoin or Bitcoin Equivalent (together, "BTC") in April compared to 165 BTC in March. At the end of April, the company held 936 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in April amounted to $9.3 million compared to $9.1 million in March 2021. Argo generated this income at an average monthly mining margin of approximately 85 per cent for the month of April, up from 84 per cent in March 2021. ...
Argo Blockchain Plc (“Argo” or “the Group”) 2020 Full Year Results
LONDON--(BUSINESS WIRE)-- Argo Blockchain Plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce its audited results for the year ended 31 December 2020. Financial highlights Revenue increased by 120% to £19.0m (2019: £8.6m) Total number of Bitcoins mined rose from 1,330 in 2019 to 2,465 in 2020, an 85% increase in annual production Mining margin 41% (2019: 60%) despite challenging market conditions, including Bitcoin halving in May 2020 and the global impact of the COVID-19 pandemic Administrative expenses were reduced by £1.1m to £2.4m as a result of ser...
Cryptocurrency Mining Company Argo Blockchain Achieves Record Q1 Reven...
LONDON--(BUSINESS WIRE)-- Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) announced today that the company has mined 165 Bitcoin or Bitcoin Equivalent (together, "BTC") in the month of March compared to 129 BTC in February. This takes the total amount of BTC mined in Q1 to 387 BTC. At the end of March, the company held 764 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to $9.1 million compared to $6.04 million in February 2021. Argo generated this income at an average monthly mining ma...
Argo Blockchain co-leads investment in Luxor Technologies
Argo Blockchain co-leads investment in Luxor Technologies LONDON, Dec. 30, 2020 (GLOBE NEWSWIRE) -- via InvestorWire: Argo Blockchain (OTC: ARBKF), the leading cryptocurrency miner based in the UK, is pleased to announce it will co-lead an investment in Luxor Technologies (“Luxor”), a hashrate management platform. As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor, which supports over 28,000 miners globally, has mined over $45m USD ...
- Richard Gill
- CFA
Argo Blockchain - Update
Infrastructure expansion boosts results in 2020 Numbers for the six months to 30th June 2020 reported that Argo mined 1,669 Bitcoin equivalent in the first half of its financial year, up from 306 in H1 2019 mainly due to the expansion of the mining estate. Revenues for the period were up by 280% at £11.1m, with EBITDA up 96% to £3.23m. Well placed to benefit from surge in the Bitcoin price After falling to a low of c.$4,900 in March amidst the coronavirus inspired sell off, following ...
- Richard Gill
- CFA
Argo Blockchain - Valuation model update
Strategic shift further vindicated by recent updates Argo’s results for the six months to June 2019 showed revenues growing by 283% to £2.93 million as the company turned to mining cryptocurrencies for its own book and as the Bitcoin price rose strongly over the period. This helped the company to post a maiden pre-tax profit of £0.95 million. The third quarter (to end-September) saw revenues of £3.63 million generated from cryptocurrency mining operations, up 75% from Q2 2019, with mining m...
Argo : un nouvel accord signé pour augmenter de 357% la capacité de ...
LONDRES--(BUSINESS WIRE)-- Argo, fournisseur britannique de services de minage de crypto-monnaie au niveau de l'entreprise (LSE : ARB), est heureux d'annoncer la signature d'un nouvel accord qui lui permettra d'augmenter de 357 pour cent son approvisionnement en électricité. Selon les termes de l'entente avec GPU.one, l'un des principaux fournisseurs de centres de données au Canada, l'accès de la Société à des sources d'énergie propres passe de 14 mégawatts à 64 mégawatts, à des conditions semblables à celles de la convention actuelle, pour ses deux centres informatiques au Québec et ses nou...
Argo: New Agreement Signed to Expand Power Capacity by 357%
LONDON--(BUSINESS WIRE)-- Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce it has entered into a new agreement that will increase its electricity supply by 357 per cent. Under the terms of the agreement with GPU.one, a leading Canadian data centre provider, the Company’s access to clean power supplies increases from 14 megawatts to 64 megawatts, on similar terms to its existing agreement, at its two data centres in Quebec and its new data centres in Eastern Canada. The agreement covers a three-year period from June 25th, 2019, ...
- Richard Gill
- CFA
Argo Blockchain - Re-Initiation of Coverage
Argo Blockchain plc is a global data centre business that provides a purpose-built and flexible platform for the mining of leading cryptocurrencies in the enterprise-scale and institutional sectors worldwide from operational centres in Quebec, Canada. Following a change of strategy earlier this year the company is now focused on mining cryptocurrency for its own book and providing an enterprise level Mining as a Service (MaaS) product. Strategic shift vindicated by recovery in crypto prices...
Argo Blockchain PLC ('Argo' or 'the Company') - Major Contract Variati...
LONDON--(BUSINESS WIRE)-- Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce the variation and extension of a multi-year agreement with GPU.one, a leading Canadian data centre provider which increases the Company’s access to clean power supplies to a total of 14 megawatts at significantly reduced prices. The agreement builds on the Company’s existing relationship with GPU.one and replaces an existing three-year deal signed in August 2018, at the time when Argo commenced its industrial-scale mining operations. The new agreement: ...
Argo Blockchain Announces Strategic Partnership with HIVE Blockchain
LONDON--(BUSINESS WIRE)-- Argo is pleased to announce that it has entered into conditional heads of terms with HIVE Blockchain Technologies Ltd (“HIVE”) to create the world’s largest purpose-built business-to-business mining service provider aimed at large-scale enterprise and institutional customers. The new partnership, which follows three months of discussions, will enable miners to benefit from the combination of the two groups’ existing mining capacity, including part of HIVE’s 45MW and part of Argo’s 10.5MW capacity. ...
Argo Launches Bitcoin on Its Mining Platform
LONDON--(BUSINESS WIRE)-- Argo, a UK-based provider of cryptocurrency mining services, is pleased to announce the launch of Bitcoin, the world’s largest cryptocurrency, on its platform from 1st of November 2018. The move comes in response to consumer demand and will increase the total number of cryptocurrencies available for mining by subscribers to seven. The current market capitalisation of Bitcoin is $114bn. Argo’s customers are currently able to mine Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Komodo and Hor...
- Richard Gill
- CFA
Argo Blockchain - Initiation of Coverage
Unique play on cryptocurrency Mining as a Service (MaaS) Argo Blockchain plc is a recently formed company which was established to develop a global datacentre management business facilitating cryptocurrency Mining as a Service (MaaS). The company listed on the Standard segment of the Official List of the London Stock Exchange on 3rd August 2018 in conjunction with a £25 million placing. Rise in blockchain technology and cryptocurrencies stimulates demand for a new industry Blockchain ...
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