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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

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Share Price: 3.775
Bid: 3.75
Ask: 3.80
Change: 0.025 (0.67%)
Spread: 0.05 (1.33%)
Open: 3.825
High: 3.825
Low: 3.775
Yest. Close: 3.75
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Argo Blockchain pleased with mining efficiency after January performance

Tue, 4th Feb 2020 11:25

(Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations for January on Tuesday, reporting that it mined 247 Bitcoin and generated revenues of £1.63m based on daily foreign exchange rates and the price of Bitcoin in the month.
The London-listed company said mining in January was more efficient than the previous month despite increasing algorithmic difficulty.

It said it considered its operations to be "one of the most efficient" in the market.

As it had previously announced, the firm was ahead of schedule to achieve its goal to bring 17,000 machines into production by the end of the first quarter of 2020.

It now had 16,500 machines in production, representing 630 petahash of mining power.

That infrastructure investment was funded from cash generated from operations and cash balances, the board said.

"We have made a strong start to the year and these results reflect Argo's position as one of the most efficient crypto miners in the market," said chief executive officer Peter Wall.

"Having successfully executed this significant capital investment programme ahead of schedule and on budget, we are in a great position to benefit from improving industry conditions."

At 1108 GMT, shares in Argo Blockchain were down 3.09% at 6.35p.

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Argo Blockchain In Crypto Mining Record; CFO Moves To Non-Exec Role

5 May 20 10:47

Argo Blockchain Mining Production Slips In March, Up In First Quarter

Argo Blockchain Mining Production Slips In March, Up In First Quarter

6 Apr 20 18:22

Argo Blockchain pleased with March performance in 'difficult' conditions

(Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations in March on Monday, saying it mined 333.8 Bitcoin or Bitcoin equivalent during the month, down from 337.5 in February.

6 Apr 20 16:08

Argo Blockchain Mining Production Rises In February

Argo Blockchain Mining Production Rises In February

4 Mar 20 12:32

Argo Blockchain Reports Strong Operational Performance In January

Argo Blockchain Reports Strong Operational Performance In January

4 Feb 20 14:50

Argo Blockchain pleased with mining efficiency after January performance

(Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations for January on Tuesday, reporting that it mined 247 Bitcoin and generated revenues of £1.63m based on daily foreign exchange rates and the price of Bitcoin in the month.

4 Feb 20 11:25

Argo Blockchain Names Director Ian MacLeod As Executive Chair

Argo Blockchain Names Director Ian MacLeod As Executive Chair

27 Jan 20 12:00

Argo Blockchain Expects 2019 Revenue To Be Ten Times Higher Than 2018

Argo Blockchain Expects 2019 Revenue To Be Ten Times Higher Than 2018

20 Jan 20 11:34

Argo Blockchain Names Vice President Of Operations Peter Wall As CEO

Argo Blockchain Names Vice President Of Operations Peter Wall As CEO

2 Jan 20 13:47

Argo Blockchain taps Peter Wall for CEO

(Sharecast News) - Crypto-mining firm Argo Blockchain tapped Peter Wall to take over as chief executive on Thursday, taking over from co-founder Mike Edwards.

2 Jan 20 12:54

Argo Blockchain brings 500 new mining machines online

(Sharecast News) - Enterprise-scale cryptocurrency mining company Argo Blockchain announced on Monday that 500 new 'Bitmain S17 Antminer' machines had been brought onstream in the last week, increasing the total number of machines in production to 7,000.

11 Nov 19 09:45

Argo Blockchain Alters And Expands Cryptomining Equipment Order

Argo Blockchain Alters And Expands Cryptomining Equipment Order

30 Oct 19 14:36

Argo Blockchain doubles number of mining machines on order

(Sharecast News) - Enterprise-scale cryptocurrency mining company Argo Blockchain has amended and expanded its existing order for mining equipment from supplier Bitmain, it announced on Wednesday.

30 Oct 19 11:37

Argo Blockchain 'rapidly' expanding mining capacity with new machines

(Sharecast News) - Enterprise-scale cryptocurrency mining service provider Argo Blockchain announced on Tuesday that, following the installation of 500 new 'Antminer T17 Bitmain' mining machines, the total number of machines in production had increased to 6,500 from 6,000.

29 Oct 19 12:12

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