Argo Blockchain PLC

Argo Blockchain Plc operates as a blockchain technology company focused on large-scale mining of Bitcoin and other cryptocurrencies. It mines using purpose-built computers to solve cryptographic algorithms in the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company was founded in 2017 and is headquartered in London, the United Kingdom.

Earnings data Q3 2021

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LONDON, UK / ACCESSWIRE / February 24, 2022 / Argo Blockchain PLC ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB), is pleased to announce the appointment of Raghav Chopra as an independent non-executive director effective as of 23 February 2022. Raghav Chopra is a digital assets and technology investor with over fifteen years of experience in these sectors.

Argo Blockchain PLC Announces Board Announcement

Senior Notes Mature 11/30/26 Yielding 9.5% with a 10.9% YTM. My analysis on current business model suggests Argo needs just $14K BTC price to cover interest payments with current mining business.

ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), the cryptocurrency miner, said it mined 172 Bitcoin or Bitcoin equivalent (BTC) in January. This was down from 214 BTC mined in December, largely because of an increase in network difficulty.

Argo Blockchain lays the foundations for 2022 growth strategy

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Bitcoin miner Argo Blockchain PLC (NASDAQ:ARBK) has started a non-mining business unit, Argo Labs, to diversify its business and take advantage of other opportunities in the blockchain ecosystem, CoinDesk reports. "We've always felt that the blockchain space has more potential than just mining," said Argo CEO Peter Wall in an interview with CoinDesk, adding the new business unit will be "an in-house innovation arm" for the company.

Argo Blockchain Shares Gain On News Of Diversification

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) said it has allocated 10% of its crypto assets to its in-house innovation arm, Argo Labs, and made an appointment to lead the division where activities include investing in new crypto innovations, NFTs and the metaverse. The cryptocurrency miner said Argo Labs was established to identify opportunities within the “disruptive and innovative” corners of the cryptocurrency ecosystem while “supporting the decentralization of various blockchain protocols”.

Argo Blockchain funds innovations division to explore DeFi, NFTs and the metaverse

The following amendments have been made to the December 2021 Operational Update announcement released by Argo Blockchain Plc on 7 January 2022 at 07:00. The figure for "Gross (loss)" for "Month ended 30 November 2021" of "USD $1,108,192" has been replaced by "USD $1,496,606".

CORRECTION: December 2021 Operational Update

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) said it reached an amicable resolution to litigation pending with crypto lending platform Celsius (NASDAQ:CELH) Network. Under a new agreement, the cryptocurrency miner said the lease agreement from November 2020 has been terminated and Argo has paid Celsius US$6.3mln to satisfy its remaining financial obligations to Celsius.

Argo Blockchain reaches resolution on litigation with crypto lender

LONDON, UK / ACCESSWIRE / December 8, 2021 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK) announces that they have reached an amicable resolution with Celsius, of their respective claims in the litigation pending in New Jersey federal court. Pursuant to the resolution: (i) the parties entered into an amendment terminating their November 2, 2020 lease agreement, whereby Argo paid Celsius US $6,320,947.64 in satisfaction of its remaining financial obligations to Celsius and Celsius conveyed title to Argo for the Bitmain S19 Antminer S19 Pro mining machines covered by the lease and (ii) Argo agreed to terminate its mining services arrangement with Celsius in return for a payment from Celsius to Argo in the form of Bitcoin.

Argo Blockchain PLC Announces Celsius Resolution of Claims

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) told investors it mined 185 Bitcoins in the month of November, taking its tally of mined Bitcoins in 2021 to 1,831. The company in a statement said it has retained and, at the end of November held some 2,317 Bitcoins or equivalents.

Argo Blockchain increased Bitcoin output and upped mining capacity in November

LONDON, UK / ACCESSWIRE / December 7, 2021 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for November 2021. During the month of November, Argo mined 185 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 167 BTC in October.

Argo Blockchain PLC Announces November 2021 Operational Update

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Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP), the cryptocurrency miner, said it made net proceeds of US$38.6mln from a bond issue. The company issued US$40mln of 8.75% senior notes due 2026, which are expected to begin trading on Nasdaq under the symbol ‘ARBL'.

Argo Blockchain eyes investment in mining machines or acquisitions after issuing bonds

LONDON, UK / ACCESSWIRE / November 18, 2021 / Argo Blockchain, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announced the closing of its SEC-registered public offering of $40.0 million aggregate principal amount of 8.75% Senior Notes due 2026 (the "Notes"). The Notes are expected to begin trading on Nasdaq under the symbol "ARBL" following the closing date of this offering.

Argo Blockchain PLC Announces Closing of 8.75% Senior Notes due 2026 Offering

LONDON, ENGLAND / ACCESSWIRE / November 17, 2021 / Argo Blockchain, a global leader in cryptocurrency mining (LSE:ARB; NASDAQ:ARBK), today announces that on 16 November 2021, Peter Wall, Chief Executive Officer of Argo, and Alex Gow, a person closely associated with Sarah Gow, a non-executive director of Argo, purchased the following American Depositary Receipts (ADRs) representing 10 ordinary shares of £0.001 each in the capital of the Company (Ordinary Shares) and Ordinary Shares respectively. PDMR / Person closely associated Ordinary Shares / ADRs purchased1 Weighted average price Resultant Shareholding of Ordinary Shares Percentage of the total voting rights of the Company Peter Wall 7,100 ADRs representing 71,000 Ordinary Shares $19.132 per ADR 1,116,000 0.24% Alex Gow1 40,000 Ordinary Shares £1.32 per Ordinary Share 815,0002 0.17%2 Notes: 1 - Person closely associated with Sarah Gow, a director of the Company 2 -The total interests of Sarah Gow and persons closely associated with her in the Company's share capital are 2,740,000 Ordinary Shares representing 0.59% of the total voting rights of the Company.

Argo Blockchain PLC Announces Director's Dealings

The following amendment has been made to the Pricing of Senior Unsecured Notes announcement released by Argo Blockchain Plc on 15 November 2021. The sentence "The total net proceeds from the Offering are approximately $38,600,000 million (after deducting underwriting discounts and commissions, but before other fees and estimated expenses).

CORRECTION - Argo Blockchain PLC Announces Pricing of Senior Unsecured Notes

Argo Announces Pricing of $40 Million Aggregate Principal Amount of its 8.75% Senior Unsecured Notes Due 2026 LONDON, UK / ACCESSWIRE / November 15, 2021 / Argo Blockchain, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), today announced that it has priced its previously announced public offering (the "Offering") of $40.0 million aggregate principal amount of 8.75% Senior Notes due 2026 (the "Notes"). The total net proceeds from the Offering are approximately $38,600,000 million (after deducting underwriting discounts and commissions, but before other fees and estimated expenses).

Pricing of Argo's Senior Unsecured Notes

LONDON, ENGLAND / ACCESSWIRE / November 10, 2021 / Argo announces that it has received notice of the exercise of options of 1,000,000 ordinary shares of £0.001 each in the share capital of the Company at an exercise price of £0.07 each. The aggregate gross proceeds of this exercise are £70,000.

Argo Blockchain PLC Announces Exercise of Share Options

Argo Announces Proposed Public Offering of 8.75% Senior Notes Due 2026 LONDON, ENGLAND / ACCESSWIRE / Novemeber 8, 2021 / Argo Blockchain, a global leader in cryptocurrency mining (LSE:ARB) (NASDAQ:ARBK), announced today that it has filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (the "SEC") relating to its proposed public offering (the "Offering") of 8.75% Senior Notes due 2026 (the "Notes"). Argo plans to offer the Notes in minimum denominations of $25.00 and integral multiples of $25.00 in excess thereof.

Argo Blockchain PLC Announces Proposed Public Offering

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) told investors it mined a total of 167 Bitcoins (or equivalents) in the month of October, bringing the crypto mining tally to 1,646 for the year to date. The company, in a statement, said it held 2,128 Bitcoins (or equivalents) at the end of the month – which based on today's Bitcoin price (cUS$65,939) would be worth around US$140.3mln.

Argo Blockchain reveals monthly Bitcoin mining stats

October 2021 Operational Update, Mining Expansion and Board Change LONDON, UK / ACCESSWIRE / November 8, 2021 / Operational Update Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for October 2021. During the month of October, Argo mined 167 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 165 BTC in September.

Argo Blockchain PLC Announces October 2021 Operational Update

London-based Bitcoin (CRYPTO: BTC) mining giant Argo Blockchain ADR (NASDAQ:ARBK) plans to build an 800-megawatt data center in West Texas that would cost the firm from $1.5 to $2 billion. What Happened: The cost estimate for the mining facility is based on “the type of mining machines to be installed in the facility, the mix of owned and hosted machines, the cost of raw materials, labor and power required to construct the facility, the timing of build-out and machine purchase, and other factors," according to a Friday regulatory filing from Argo Blockchain.

Argo Blockchain's Texas Bitcoin Mining Farm To Be A $2B Powerhouse

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) issued a statement to provide and clarify information for investors after statements were made by a Twitter user. The company said it held a meeting with Anthony Coyle where representatives of the company inadvertently disclosed certain information that could be viewed as material non-public information under US securities laws or inside information under UK securities laws, known as MNPI.

Argo Blockchain clarifies non-public information disclosed on Twitter

LONDON, UK / ACCESSWIRE / November 5, 2021 / On November 4, 2021, representatives of Argo Blockchain (LSE:ARB)(NASDAQ:ARBK) ("Argo") held a meeting with Anthony Coyle in which they discussed Argo Blockchain's business. During the meeting, these representatives intended to review and explain previously published or publicly available information regarding Argo, but inadvertently disclosed certain information that could be viewed as material non-public information under US securities laws or inside information under UK securities laws (collectively, "MNPI").

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