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Tue, 07th Jul 2020 21:26
Argo Blockchain PLC - cryptocurrency miner - Chief Executive Officer Peter Wall purchases 570,000 shares at 3.5 pence each, GBP19,950 each. Holds 570,000 following the purchase, a 0.2% stake.
Current stock price: 4.00p
Year-to-date change: down 32%
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Argo Blockchain PLC - London-based cryptocurrency mining - Receives a letter from Nasdaq stock market in New York, saying Argo Blockchain has regained compliance with a Nasdaq listing rule. Nasdaq had informed Argo Blockchain on December 16 that its American Depositary Shares had not maintained the minimum bid price of USD1.00 over the previous 30 business days. To regain compliance, Argo Blockchain had to do so for ten consecutive trading days. This requirement was met on January 13. Each ADS represents 10 Argo Blockchain shares.
Read moreArgo Blockchain PLC - London-based cryptocurrency miner with operations in Texas and Quebec - Mines 147 bitcoin and bitcoin equivalents in December, down from 198 in November, as its Helios facility in Texas voluntarily reduces power consumption in response to a severe winter storm in the US. Mining revenue during the month is USD2.5 million, down from USD3.5 million in November, taking into account bitcoin price movements. Mining margin is 48%, up from 29% in November. As of the end of December, Argo Blockchain holds 25 bitcoin and 116 bitcoin equivalents.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
Read more(Alliance News) - Stock prices in London opened lower on Thursday amid risk-off sentiment across Europe, as concerns grew about rising Covid cases in China.
Read moreArgo Blockchain PLC - London-based blockchain technology - Says now has closed its deal with Galaxy Digital Holdings Ltd. On Wednesday, Argo Blockchain said it had entered an agreement for a subsidiary to sell its Helios Facility in Dickens County, Texas to Galaxy Digital for USD65 million. Argo said the subsidiary also will refinance asset-backed loans with a USD35 million loan from Galaxy. The loan will be backed by Argo's fleet of 23,619 Bitmain S19J Pro cryptocurrency mining machines currently operating at the Helios site. The company said Galaxy has agreed to host Argo's mining machines for a two-year period, but they will remain owned by Argo.
Read more(Alliance News) - Stock prices in London were higher at midday on Wednesday, with sentiment remaining upbeat as investors looked to the year-end after the Christmas break.
Read more(Alliance News) - Argo Blockchain PLC on Wednesday said it has entered into an agreement for a subsidiary to sell its Helios facility to Galaxy Digital Holdings Ltd.
Read more(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - Argo Blockchain PLC shares on Friday were temporarily suspended from trading by the UK Financial Conduct Authority as the company reported a decrease in November revenue.
Read moreArgo Blockchain PLC - London-based blockchain technology company - Says a GBP24 million fundraising from a strategic investor is no longer likely to go ahead under previously announced terms.
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(Sharecast News) - Argo Blockchain shares tumbled after the cryptocurrency miner said a planned fundraising had fallen through.
Read more(Alliance News) - Argo Blockchain PLC on Tuesday said it mined less bitcoin in September than the month before as it faced increases in "average network difficulty" and the continued impact of high electricity prices.
Read more(Alliance News) - Argo Blockchain PLC on Friday announced several actions to strengthen the company's balance sheet as it faces headwinds from rising energy prices and falling bitcoin prices.
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