The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11.00
Bid: 10.50
Ask: 11.50
Change: 0.00 (0.00%)
Spread: 1.00 (9.524%)
Open: 11.00
High: 11.00
Low: 11.00
Prev. Close: 11.00
ARB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Thu, 29th Dec 2022 09:40

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

----------

SMALL-CAP - WINNERS

----------

Tirupati Graphite PLC, up 2.7% at 33.37 pence, 12-month range 21.50p - 85.10p. Widens its loss in the first half of its financial year, but records a jump in revenue. The graphite and graphene producer reports a pretax loss of GBP1.5 million in the six months that ended September 30 from GBP1.1 million loss a year earlier. Meanwhile, revenue doubles to GBP1.2 million from GBP560,058 the prior year. The cost of production jumps to GBP787,312 from GBP255,193 the prior year, and the depreciation of operating assets increases to GBP639,079 from GBP172,853. Administrative expenses also increase slightly to GBP1.2 million from GBP1.1 million a year before.

----------

PRS REIT PLC, up 1.0% at 88.21 pence, 12-month range 80.20p - 114.00p. Notes short-term extension to its GBP150 million revolving credit facility with Lloyds Banking Group PLC and Royal Bank of Scotland PLC, which matures in February 2023. Says the extension has been secured for the period to July 14, 2023, at the same margin above the three-month sterling overnight index average rate as its existing arrangements.

----------

SMALL-CAP - LOSERS

----------

Argo Blockchain PLC, down 6.6% at 6.07 pence, 12-month range 2.00p - 101.00p. Closes 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.

----------

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
4 Feb 2020 11:25

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.

Read more
27 Jan 2020 12:00

Argo Blockchain Names Director Ian MacLeod As Executive Chair

Argo Blockchain Names Director Ian MacLeod As Executive Chair

Read more
20 Jan 2020 11:34

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

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

Read more
2 Jan 2020 13:47

Argo Blockchain Names Vice President Of Operations Peter Wall As CEO

Argo Blockchain Names Vice President Of Operations Peter Wall As CEO

Read more
2 Jan 2020 12:54

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.

Read more
11 Nov 2019 09:45

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.

Read more
30 Oct 2019 14:36

Argo Blockchain Alters And Expands Cryptomining Equipment Order

Argo Blockchain Alters And Expands Cryptomining Equipment Order

Read more
30 Oct 2019 11:37

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.

Read more
29 Oct 2019 12:12

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.

Read more
8 Oct 2019 11:42

Investment in hardware boosts Argo Blockchain in third quarter

(Sharecast News) - Enterprise-scale cryptocurrency mining services provider Argo Blockchain updated the market on its operations in the third quarter ended 30 September on Tuesday, reporting revenues of £3.63m from its cryptocurrency mining operations in the period, which was a 75% increase over the second quarter.

Read more
8 Oct 2019 10:19

Argo Blockchain Third-Quarter Revenue Surges As Cuts Bitcoin Exposure

Argo Blockchain Third-Quarter Revenue Surges As Cuts Bitcoin Exposure

Read more
19 Sep 2019 16:46

Argo Blockchain's Crypto Mining Machines Now Total 6,000

(Alliance News) - Argo Blockchain PLC on Thursday said it now has 6,000 machines in production after installing another 1,000 new Antminer T17 Bitmain mining machines.The cryptocurreny said

Read more
17 Sep 2019 12:53

Argo Blockchain Swings To Interim Profit After Shutting Consumer Unit

(Alliance News) - Argo Blockchain PLC on Tuesday reported a swing to an interim profit following the company's "radical" strategy shift.In the six months to June 30, the miner

Read more
17 Sep 2019 08:20

Argo Blockchain reaches maiden profit in interim results

(Sharecast News) - Enterprise-scale cryptocurrency mining services provider Argo Blockchain reported a 238% increase in its half-year revenue to £2.93m in its interim results on Tuesday, while it swung to an operating profit of £0.94m from a £4.14m loss at the end of the 2018 financial year.

Read more
3 Sep 2019 12:00

Argo Blockchain And Hive End Partnership And Share Swap Talks

(Alliance News) - Argo Blockchain PLC on Tuesday said talks for a planned partnership and share swap with Hive Blockchain Technologies Ltd have been terminated.Shares in Argo were down 4.3%

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.