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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: 11.00
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 -

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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.

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SMALL-CAP - WINNERS

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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.

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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.

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SMALL-CAP - LOSERS

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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.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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8 May 2019 11:30

Argo Blockchain Says Trading In Line As New Mining Units Come On Line

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30 Apr 2019 18:41

Argo Blockchain Shareholder Requisitions General Meeting For May

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17 Apr 2019 15:13

Argo Blockchain Shares Fall As Reports Loss In Maiden Annual Results

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1 Apr 2019 13:38

Argo Blockchain Shareholder Demands Removal Of Chair And Director

LONDON (Alliance News) - Argo Blockchain PLC on Monday said it received a shareholder requisition letter calling for a general meeting to oust two directors and appoint a new person to the Ltd, a

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18 Feb 2019 16:34

Vela Technologies Invests Further GBP16,000 In Argo Blockchain (ALLISS)

LONDON (Alliance News) - Vela Technologies PLC said Monday it has invested a further GBP15,553 in Argo Blockchain PLC.Vela purchased 500,000 shares in Argo at a price of 3.07 pence per Vela

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15 Feb 2019 14:19

Argo Blockchain To End Mining-As-A-Service Contracts In Tough Market

LONDON (Alliance News) - Argo Blockchain PLC said on Friday it is planning to terminate all existing cryptocurrency mining-as-a-service contracts by April, and it will not accept any new mining to

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15 Feb 2019 10:10

Crypto volatility forces Argo Blockchain to terminate mining contracts

(Sharecast News) - Cryptocurrency mining service provider Argo Blockchain announced a refocus of its business strategy on Friday, in light of what it described as "continuing difficult trading conditions" in the cryptocurrency market, as digital currencies faced "severe" price pressure and volatility.

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4 Dec 2018 14:16

Argo Blockchain sales exceed supply

(Sharecast News) - British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.

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4 Dec 2018 14:16

Argo Blockchain sales exceed supply

(Sharecast News) - British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.

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4 Dec 2018 10:55

WINNERS & LOSERS SUMMARY: Ferguson Slides On Lacklustre UK Performance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 2.9%. Deutsche Bank raised the property a

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4 Dec 2018 10:39

Argo Blockchain Rises With Revenue Run-Rate Expected To Increase

LONDON (Alliance News) - Shares rose in Argo Blockchain PLC on Tuesday it expected to see a hike in its annualised revenue run-rate for to the period to date since its listing on the London Stock

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11 Oct 2018 10:52

Argo Blockchain To Add Bitcoin On Its Platform In November

LONDON (Alliance News) - Argo Blockchain PLC said Thursday it will launch Bitcoin on its cryptocurrency mining platform from November."The move comes in response to consumer demand and

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1 Oct 2018 11:34

Argo Blockchain's Sold Package Number Rises Tenfold Since IPO

LONDON (Alliance News) - Argo Blockchain PLC said Monday that its sold packages rose tenfold to 4,200 after completing an expansion of its cryptomining services ahead of schedule."The

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11 Sep 2018 13:23

Argo Blockchain Adds Komodo And Horizen Coins To Crypto Mining Offer

LONDON (Alliance News) - Argo Blockchain PLC said Tuesday it added Komodo and Horizen coins to its cryptocurrency mining platform.After the addition, the total number of alternatives for to

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10 Sep 2018 14:25

REPEAT (Sep 7): Argo Blockchain Posts Loss But "Strong Start" To H2

LONDON (Alliance News) - Argo Blockchain PLC said Friday it made a "strong start" to the second half of its financial year after posting a loss for its first seven months as a December a

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