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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: 10.50
Bid: 10.00
Ask: 11.00
Change: -0.25 (-2.22%)
Spread: 1.00 (10.00%)
Open: 11.25
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TRADING UPDATES: Argo mines more bitcoin; Seraphim Space invests

Mon, 08th Nov 2021 22:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Argo Blockchain PLC - London-based cryptocurrency miner - Mines 167 bitcoin or equivalent in October, up from 165 in September. October revenue amounted to GBP7.2 million, compared to GBP5.5 million in September. "At the end of October, the company owned 2,128 bitcoin or bitcoin equivalent," Argo says. Says effective Monday, Colleen Sullivan resigns from non-executive post. "She has taken on a new career role that does not allow her to serve as a director for the company and her resignation is not the result of any disagreement with the management or board of the company," Argo says. In addition, Argo files registration statement with US Securities & Exchange Commission for proposed offering of 8.75% senior notes due 2026. Argo adds: "The company intends to use the net proceeds from this offering for general corporate purposes, the construction of, and purchase of mining machines for, its Texas cryptocurrency mining facility and potentially acquisitions of, or investments in, complementary businesses in the cryptocurrency and blockchain technology industries." Bitcoin prices surged on Monday, though are just short of the USD66,975 record high. Argo tracked the price of the virtual currency higher, closing up 7.0% at 131.88 pence each in London on Monday.

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Seraphim Space Investment Trust PLC - London-based investor in space technology - Invests USD25 million in HawkEye 360 Inc, a provider of space-based radio frequency data and analytics. "This takes Seraphim Space's portfolio of assets to a total of 20 SpaceTech companies. Since its IPO in July, Seraphim Space has made 7 investments. The investment in HawkEye 360 represents the first new company to be added to the portfolio since IPO and is the first investment into a company that participated in the Amazon Web Services Space Accelerator which is delivered by Seraphim Space Camp," Seraphim says.

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Panther Securities PLC - property investor - Seals GBP8.7 million sale of freehold interest in Units 1-4, Fourth Way in Wembley, London. In addition, exchanges contracts to sell freehold property in 29 Central Avenue, West Molesey for GBP3.9 million. Equal to book value, Panther says. Also exchanges contracts to sell, for GBP1.3 million, a former store of department store chain Beales in Great Yarmouth. In addition, Panther to sell a freehold office in Glasgow for GBP1.3 million. Also updates on some leases. Inks GBP300,000 amid a surrender premium paid by tenant at Chantry House, 8-10 High Street, Billericay. A tenant at Bentalls Complex, Colchester Road, Maldon does not plan on extending lease. It paid GBP650,000 per year. "This property is likely to be worth a higher rent as and when it is re-let but in the meantime this is significant income that will be lost to the group," Panther says.

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VH Global Sustainable Energy Opportunities PLC - London-based energy infrastructure investor - Plans to raise cash at 101.5 pence per share to go towards pipeline of potential investments. Pipeline stands at GBP258 million. "The company expects that the proceeds of the placing will be deployed within 6 months," VH Global adds.

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Nostra Terra Oil & Gas Co PLC - Texas-focused oil and gas explorer - Says third quarter output was 100 net barrels of oil per day, compared to 84 net bopd in first half of year. "Since then continued work has brought more wells online and over the past two weeks average production is up by 53% from the first half of this year (to 128 net bopd). Whilst the company is very encouraged by this continued improvement in production, rates may fluctuate throughout the period and this figure should not be taken as a guide as to the expected average daily production over the fourth quarter," Nostra says. Says preparation for drilling of second well at Pine Mills ongoing.

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Ariana Resources PLC - exploration firm with interests in Europe - Says due diligence drilling at Apliki asset in Cyprus was successful. Ariana has completed 50% earn-in of Venus Minerals, developer of project. "These drilling results confirm Venus' expectations of the Apliki copper project in Cyprus. The results have yielded several high-grade copper intercepts within an overall envelope comprising mineralisation which appears to be represented by dominantly oxidised material containing secondary sulphides," Ariana Managing Director Kerim Sener says.

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Invinity Energy Systems PLC - London-based flow battery maker - Says has shipped more than 4.2 megawatt hours of batteries since late September, despite global supply chain challenges. Says at Energy Superhub asset in Oxford, full system is expected to be energised by end of year, before customer handover in early 2022. For a Scottish Water project, a system is one site with installation underway, "prior to batteries being energised later this year". Says three additional projects in UK and US on schedule. On supply chain issues, company says: "Supply chain issues and inflationary pressures are still being felt across many industries in the transitional energy supply chain and Invinity is not immune to these effects. This is likely to continue into 2022 and although it is impossible to forecast accurately, Invinity's management believes that this is a temporary issue and will not have a significant impact on Invinity's long-term position as a major player in the energy storage sector. Invinity's sales pipeline remains very strong with management anticipating that proof of product delivery will help accelerate the close of deals currently in negotiation."

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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5 Apr 2024 10:54

Argo Blockchain ups Bitcoin mining production in March amid relocation

(Alliance News) - Argo Blockchain PLC on Friday said it mined more Bitcoin in March than a month earlier, despite network difficulties.

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5 Mar 2024 17:09

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5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilities.

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IN BRIEF: Cellular Goods interim CEO Darcy Taylor resigns on Monday

Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces resignation of Darcy Taylor from position as chair and interim chief executive officer. Appoints Michael Edwards as executive director with immediate effect. Edwards has over 20 years of technology investment experience, and was co-founder of the Argo Blockchain PLC and NFT Investments PLC digital asset companies.

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8 Jan 2024 08:43

Argo Blockchain raises GBP7.8 million in placing; December revenue up

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4 Dec 2023 10:50

Argo Blockchain mining revenue up in November as mines more bitcoin

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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IN BRIEF: Argo Blockchain mines more bitcoin in October than September

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Argo Blockchain mines less bitcoin in August on economic curtailment

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