RE: Bitcoin Price13 May 2019 23:45
Hive sound happy about it all ..“We are excited about this strategic partnership and our analysis indicates that Argo is significantly undervalued,” said Frank Holmes, Interim Executive Chairman and Interim CEO. “They have a healthy cash position with more than £16 million, as of December 31, 2018, and since then Argo has deployed some of the most efficient ASIC chips to expand Bitcoin operations while cryptocurrencies continue to rebound from lows seen at the beginning of 2019. In our view, the crypto market is ready for a mining solution focused on enterprise customers that require accountability and transparency. Our combination of scale, software and teams will be transformational in this growing market.”
“This deal makes strategic sense and demonstrates the intrinsic value of our business, our vision and existing investment,” added Jonathan Bixby, Executive Chairman of Argo. “The alliance is transformational for Argo and will deliver long-term and sustainable fiat-based revenue streams.”