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Zatcha - If BTC price goes through the roof as - it trades 24H/24H and can spike without warning to new highs - I wonder how much their Crypto asset of £3m would become ... I think they are very clever investors, anticipating every situation that can increase their income too.

They kept a few BTC for maybe this reason ? ...
hTtps://cointelegraph.com/news/250k-bitcoin-price-prediction-is-now-conservative-says-tim-draper

hTtps://www.sharecast.com/news/news-and-announcements/argo-blockchain-reaches-maiden-profit-in-interim-results--7021624.html

After only one year of floatation, the company swung into profit from a loss.
hTtps://www.proactiveinvestors.co.uk/companies/news/902823/argo-advances-as-it-swings-to-maiden-profit-902823.html

Keep in mid the company is only 1 year old ! Very quickly profitable, with a cash pile and investing in parallel in BTC . All anticipated in advance.

Because they are profitable for the first time and have cash so it is very astute to keep a few BTC as another form of additional cash. As BTC is more and more adopted by many institutions, their BTC reserves will also grow in parallel with their mining. If BTC revisits new highs, they will double triple their holding in cash. No bad for a very astute management. These guys anticipate well in advance almost everything - from power consumption to directly investing in BTC ! amazing model.

Halving will lead to BTC becoming more scarce thus difficult to mine but its price will rocket as the total number of held BTC is reduced. This is the opposite of share split. So if the BTC price doubles, no effect on ARB if it say mines half of what it mines before. But ARB ahs already put more machines to increase the probability to mine more. By anticipation, ARB acted at an early stage.

ARB is one the most efficient miner in the market. They are cost focused and they deliver margins of 80%. This is very efficient.

Pbb8 - The halving next year will make the difference - So the price of BTC will go through the roof - : "The renewed interest in mining is one of the hopeful factors for an increase in market prices. Mining is also highly active ahead of the upcoming reward halving in early 2020."

IMO the SP will be over 25p by Christmas as many positive factors will help the crypto sector.
Uncertainty in the world economy, instability in the middle east coupled with a strong rise in BTC as it gets adopted by more and more institutions will give ARB a huge boost. Then, when the results this September confirm it means business, ARB will be on many new institutions radars.

Australia too:
https://www.ccn.com/australian-securities-regulator-crypto-growth/

Companies and organisations accepting BTC:
hTtps://99bitcoins.com/bitcoin/who-accepts/

BTC/Cryptos Awareness at Watford FC:
hTtps://www.watfordfc.com/club/bitcoin-confirmed-new-sleeve-partner

hTtps://www.coindesk.com/history-favors-the-bulls-as-bitcoin-trades-sideways-at-10k

BTC at $31k predicted by 2021.
hTtps://cointelegraph.com/news/new-mining-difficulty-metric-points-to-31k-bitcoin-price-by-2021

The best way to weather these SP daily fluctuations - which are normal- , is to keep cool or just go away and forget that one owns the shares for a few months then check the progress. For example, BTC trading 24H/24H, is so volatile can without warning jumps to $20.000. One has to expect that ARB should be volatile too. So until BTC stabilises around $15k - $20k, all associated stocks will be volatile.

Regarding the next 2 quarters which are very important this is what ARB said: "Notwithstanding any material change in trading conditions, Argo also expects its results for the second quarter of 2019 substantially to exceed its previous guidance.
The Company now anticipates generating the equivalent of 420 BTC of crypto assets on Argo's balance sheet by the end of Q2, which at $8,575 USD per BTC (being the BTC price as at 31 May 2019), amounts to approximately £2.85 million. This is approximately £1 million or 57% higher than the previously announced estimate of £1.81m, and reflects both a significant increase in cryptocurrency prices from 7 May 2019 and higher anticipated production levels by the Company's new and existing equipment."

This is what the CEO is good at: Cost control with efficiency (from their last 9 August Update):"Mike Edwards, executive chairman of Argo, said: "We are pleased with the mining results in July as they demonstrate that we can use our existing investment in people and facilities and add new mining hardware with no increase in staffing and no material increases in non-mining costs. This operational gearing is very important as we triple our mining capacity over the next two quarters with no significant increase in non-mining costs."

The market is set to explode in the next few years: "The mining market was estimated at USD 610.91 million in 2016 and is forecast to be valued at USD 38.38 billion by 2025. Crypto miners solve computational puzzles to be rewarded with the creation of the next block in the chain which allows them to create a set amount of the currency and send it to their own address."
"Argo will set its prices at USD 25 a month which allows a user to join its mining pools to mine Ethereum (ETH), Ethereum Classic (ETC), Bitcoin Gold (BTG) and Zcash (ZEC). "

Best opportunity to top up for those not in yet.