The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Very pleased we held the majority of today's move. Still way undervalued though, and my thesis remains that Mode will be bought out by a bigger player for cheap access to a BTC/Faster payments platform. Hopefully we a bigger increase in price before then!
Thanks Hepseal.
A good presentation - hopefully a licensing deal within the next few months would be great.
The mention of blockchain tokens related to ESG was very interesting to hear.... perhaps a future project??
Purchase of Two Data Centres
Argo Blockchain (LSE:ARB), a global leader in cryptocurrency mining, is pleased to announce that, further to the share purchase agreement with GPU.one announced on 3 February 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the Company's strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the Company with long term stability.
The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of Argo's cryptocurrency mining equipment. The data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the Company's green mining vision.
The consideration for the acquisition was mainly non-cash consisting of the assumption of existing bank obligations related to these facilities and the application of a previously paid deposit.
Peter Wall, Chief Executive of Argo, said: " Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth."
Steady as she goes, looking good.
Seller closing out a position it seems. Odd with positive news expected...?
Been some good interest in this so far this week, the signs looks good for next week!
Nice small free float on this one, you can see the share price move on very small volumes. So tempted to double my position but I will wait for now
Anyone know which platforms currently are trading this? HL aren't currently which is frustating