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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
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Share Price: 11.25
Bid: 11.00
Ask: 11.50
Change: 0.10 (0.89%)
Spread: 0.50 (4.545%)
Open: 11.50
High: 11.30
Low: 11.25
Prev. Close: 11.20
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IN BRIEF: Argo Blockchain completes DPN, 320 acres in Texas purchase

Mon, 08th Mar 2021 14:37

Argo Blockchain PLC - London-based cryptocurrency miner - Completes acquisition of DPN LLC and 320 acres of land in west Texas, US for USD5 million though issue of 3.5 million Argo shares to DPN shareholders. Notes a further USD12.5 million shares will be payable if contractual milestones are fulfilled. Says the acquisition, which will see Argo merge with DPN, will give Argo access to up to 800 megawatts of electrical power, with Argo intending to build a new 200 megawatts mining facility over the next 12 months.

"Argo's purchase of land in Texas represents a significant milestone for the company and is a cause for celebration. It not only gives us greater control over our mining operations but also the ability to meaningfully expand our mining capacity on a large scale. We now have access to some of what we believe is the cheapest renewable energy worldwide, in a location where innovation in new technologies is encouraged and incentivised," says Chief Executive Peter Wall.

Current stock price: 252.61 pence, up 15% on Monday

Year-to-date change: up sharply from 33.00p on December 31

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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23 Jan 2023 13:08

IN BRIEF: Argo Blockchain regains compliance with Nasdaq listing rule

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.

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12 Jan 2023 06:54

IN BRIEF: Argo Blockchain bitcoin mining hurt by US snow in December

Argo 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.

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29 Dec 2022 09:40

SMALL-CAP WINNERS & LOSERS: Argo Blockchain falls as deal closes

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29 Dec 2022 08:50

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29 Dec 2022 08:00

IN BRIEF: Argo Blockchain completes USD65 million deal in Texas

Argo 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.

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28 Dec 2022 12:15

LONDON MARKET MIDDAY: FTSE 100 rises with positive 2022 in sight

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28 Dec 2022 10:48

Argo Blockchain to sell facility to Galaxy Digital for USD65 million

(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.

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28 Dec 2022 09:37

SMALL-CAP WINNERS & LOSERS: Argo Blockchain up on USD65 million sale

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9 Dec 2022 15:26

Argo Blockchain shares suspended by FCA; November mining revenue falls

(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.

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31 Oct 2022 20:49

IN BRIEF: Argo Blockchain warns on future as cash raise cancelled

Argo 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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31 Oct 2022 09:25

Argo Blockchain fundraising falls through, shares tumble

(Sharecast News) - Argo Blockchain shares tumbled after the cryptocurrency miner said a planned fundraising had fallen through.

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11 Oct 2022 13:03

Argo Blockchain shares fall as mines fewer bitcoins than last month

(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.

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