The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
ARB benefits:
- Tax-free exposure to crypto in an ISA
- Hedge to BTC spot volatility, whilst tracking price, through HODL capacity and monthly earning updates
- geopolitical safe region of Canada / North America
- undervalued by multiples of 10-20x to our US counterparts with comparable, if not superior hashpower
-
Drawbacks:
UK investors love FUD comments and failed fiat reliant dinosaurs, not appreciative of accretive tech innovations that challenge the BOE mantra.
So the question should be - why not consider investing?
Nice FUD though, good luck with your investment.
DYOR GLA
Last stated ARB facts:
0.6% of global BTC Hashpower
5% of global ZEC Equihash
Mine an equivalent of roughly 4 BTC worth a day
Latest mining margins approx 60%
With the rise in price this may be around 80% now.
Just my opinion, but ARB = cash cow
Money printer goes brrrrrr.
All the best to LT Argonauts.
Arkonite
Simon Dixon interviewed by Lark Davis.
Quality macro commentary...
https://youtu.be/l0NeydwiPEI
Another honourable mention:
https://cointelegraph.com/news/eu-firm-s-head-trader-explains-why-euro-stablecoins-are-hard-to-come-by
https://youtu.be/a6BPkOeJs_w
Ongoing nice commentary and educational video.
As we all know - by far the most undervalued / quality Bitcoin miner the world over.
GLA DYOR
Press Release
03 December 2020
Argo Blockchain PLC
('Argo' or 'The Company')
November Operational Update
Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide the following operational update for November.
During the month of November, Argo mined 115 Bitcoin or Bitcoin Equivalent (BTC) compared to 126 Bitcoin Equivalent in October. The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on 17th November. This takes the total amount of BTC mined year-to-date to 2,369.
Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in November amounted to £1.48 million (October 2020: £1.2 million). Argo generated this income at an average monthly mining margin of approximately 57% for the month of November (October 2020: 40%).
At the end of October, the company held 178 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy. Argo's total mining capacity is 16,000 machines and 645 petahash in addition to 280 Megasols of equihash mining capacity.
Peter Wall, Chief Executive of Argo, said: "This has been an extremely exciting month for cryptocurrency miners. We have seen the value of Bitcoin climb exponentially to over £14,000 as investors and payment service providers are turning their interest to cryptocurrencies. At Argo, we are continuing to prioritise efficiency in our mining operations and this has enabled us to increase our revenue by 23% this month and achieve our highest mining margin since the halving earlier this year."
This announcement contains inside information.
For further information please visit www.argoblockchain.com or contact: