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

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

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Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) 147 mined bitcoin (BTC) or bitcoin equivalents in December compared to 198 the month prior, according to the group's latest operational update. The month-on-month reduction was due to the curtailment of mining operations at the Helios facility in Texas in response to a winter storm that impacted much of the US.

Winter storms hit Argo Blockchain's December bitcoin inflows, but company upbeat on ‘beginning of a new chapter'

LONDON, ENGLAND / ACCESSWIRE / January 11, 2023 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK) is pleased to provide the following operational update for December 2022. During the month of December, Argo mined 147 Bitcoin or Bitcoin Equivalents (together, BTC) compared to 198 BTC in November 2022.

Argo Blockchain PLC Announces December Operational Update

Crypto miner Argo Blockchain has sold its key data centre though expects to continue operating there. This smells like a fire sale but does improve the company's chances of survival in my view.

Argo Blockchain: Down But Not Out (Except From My Portfolio)

Closing of Transactions with Galaxy Digital Holdings, Ltd. LONDON, UK / ACCESSWIRE / December 29, 2022 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce that it has closed the previously announced transactions with Galaxy Digital Holdings, Ltd.

Argo Blockchain PLC Announces Closing of Transactions - Galaxy Digital Holdings

Galaxy Digital Holdings Ltd.

Galaxy plans to acquire Argo's bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner's restructuring.

Bitcoin miner Argo to avoid bankruptcy with $100M deal from Galaxy Digital

Crypto mining firm Argo Blockchain has made transactions allowing it to continue operating.  The firm said in a Wednesday (Dec. 28) press release that its subsidiary would sell its Helios bitcoin mining facility in Texas to Galaxy Digital Holdings for $65 million and refinance its asset-backed loans with a new $35 million loan from Galaxy.

Crypto Mining Firm Argo Blockchain Sells Facility to Galaxy Digital

Argo Blockchain (NASDAQ: ARBK ) stock soared more than 40% in early trading after the crypto miner announced deals that will reportedly help it avoid bankruptcy for the time being. ARBK stock is now up about 20% since trading began.

Argo Blockchain (ARBK) Stock Skyrockets Over 40% After Avoiding Bankruptcy

Argo Blockchain PLC (LON: ARB; NASDAQ: ARBK) shares more than doubled on Wednesday as news of the cryptocurrency mining giant's deal with blockchain firm Galaxy Digital hit the market. As we highlighted this morning, the Bitcoin (BTC/USD) miner has sealed a definitive agreement with Galaxy for the sale of Argo's Helios mining facility.

Argo Blockchain shares jump 100%+ after Galaxy Digital deal

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) told investors it has agreed to sell its Texas-based Helios blockchain mining facility for US$65mln (£54mln) to Galaxy Digital (TSX-V:GLXY) and now has a “renewed focus” on its Canadian operations. The cryptocurrency miner said it has also refinanced its asset-backed loans with a new US$35mln loan from Galaxy with a three-year term.

Argo Blockchain focused on Canada after agreeing sale of Helios facility to Galaxy Digital

Galaxy will acquire the Argo Blockchain facility at Helios for $65 million.

Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain

Crypto miner Argo Blockchain Plc said on Wednesday it will sell its mining facility Helios for $65 million and signed a new asset-back loan agreement, in an attempt to avoid filing for bankruptcy.

Argo Blockchain to sell its mining facility Helios for $65 mln

Announcement of Transformational Strategic Transactions with Galaxy Digital Holdings, Ltd. ● Argo's subsidiary to sell its Helios facility to Galaxy for $65 million (£54 million) and refinance asset-backed loans with a new $35 million (£29 million) loan with Galaxy ● Transactions will reduce total indebtedness by $41 million (£34 million) and simplify Argo's operating structure ● Argo will maintain ownership of all mining machines, and Galaxy will host Argo's fleet of Bitmain S19J Pros at Helios ● Transactions will strengthen Argo's balance sheet, improve Argo's liquidity position, and enable the Company to continue operations LONDON, UK / ACCESSWIRE / December 28, 2022 / Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces that it has entered into definitive agreements with Galaxy Digital Holdings, Ltd.

Argo Blockchain PLC Announces Transformational Strategic Transaction with Galaxy

Bitcoin miner Argo Blockchain requested a 24-hour suspension of trading for its US-listed shares as the company prepares to make a major announcement related to its financial performance and business strategy.

Argo Blockchain Requests a 24-Hour Trading Suspension of US Shares

Argo Blockchain, a Bitcoin miner, asks for its U.S.-listed shares to be suspended on Tuesday. An announcement from the company is expected early Wednesday.

Crypto Miner Stocks Are on a Hair Trigger. Argo Blockchain May Be Set for a Big Move.

LONDON--( BUSINESS WIRE )--Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces that it has requested a suspension of trading for its ADSs and unsecured notes traded on the Nasdaq Global Select Market as the London Stock Exchange is closed for trading on Tuesday, 27 December 2022. The Company expects that trading on Nasdaq will resume on Wednesday, 28 December 2022 after the Company makes an announcement that is expected to be released before opening of trading on Wednesday, 28 December 2022.

Suspension of Trading on Nasdaq for Argo Blockchain plc

Argo Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency LONDON, UK / ACCESSWIRE / December 16, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces today that it has received written notification (the "Notification Letter") from the Nasdaq Stock Market LLC Listing Qualifications Department ("Nasdaq") that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rule 5450(a)(1) since the closing bid price for the Company's American Depositary Shares ("ADS") listed on the Nasdaq Global Select Market was below $1.00 for 30 consecutive business days. In accordance with Listing Rule 5810(c)(3)(A), the Company has until 12 June 2023, to regain compliance with the minimum bid price requirement, during which time the ADSs are expected to continue to trade on the Nasdaq Global Select Market.

Argo Blockchain PLC Announces Nasdaq Notification - Minimum Bid Price Deficiency

Argo Blockchain (NASDAQ: ARBK ) stock is falling hard on Tuesday after the Bitcoin ( BTC-USD ) mining company warned of financial troubles. According to a press release, the company may not have enough cash to keep operations going for another month.

ARBK Stock Alert: Will Argo Blockchain Go Bankrupt?

The stock price of Argo Blockchain (ARBK) fell over 20% pre-market today. This is why.

Why The Argo Blockchain (ARBK) Stock Fell Over 20%

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares fell in Tuesday's early deals as they resumed trading, following concerns and miscommunication over the company's financial position. The company, in a statement, said that it inadvertently published a test page on the company's website which implied that the company was filing for Chapter 11 bankruptcy.

Argo Blockchain shares fall as trading restarts in London

Restoration of Trading on the London Stock Exchange LONDON, ENGLAND / ACCESSWIRE / December 12, 2022 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(Nasdaq:ARBK), makes the following announcement: The Company is at risk of having insufficient cash to support ongoing business operations within the next month. The Company is in advanced negotiations with a third party to sell certain assets and engage in an equipment financing transaction that the Company believes will strengthen its balance sheet and improve its liquidity.

Argo Blockchain PLC Announces Restoration of Trading on the LSE

November 2022 Operational Update LONDON, UK / ACCESSWIRE / December 9, 2022 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK) is pleased to provide the following operational update for November 2022. During the month of November, Argo mined 198 Bitcoin or Bitcoin Equivalents (together, BTC) compared to 204 BTC in October 2022.

Argo Blockchain PLC Announces November Operational Update

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Argo Blockchain plc, Inc. ("Argo" or the "Company") (NASDAQ: ARBK).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Argo Blockchain plc - ARBK

October Update LONDON, UK / ACCESSWIRE / October 31, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), provides the following announcement regarding certain strategic actions that were announced on 7 October 2022. As previously disclosed, the Company signed a non-binding LOI with a strategic investor to raise approximately £24 million ($27 million) via a subscription for ordinary shares.

Argo Blockchain PLC Announces Strategy/Company/Ops Update

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Examining 2022 To Date; And Looking Ahead

● Argo signs LOI to amend existing equipment financing agreement ● Argo plans to sell 3,400 mining machines for cash proceeds of £6.0 million ($6.8m) ● Argo intends to raise approximately £24 million ($27m) via Proposed Subscription with a strategic investor LONDON, UK / ACCESSWIRE / October 7, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce several strategic actions that are intended to bring in additional capital to the business and ensure that the Company has the working capital necessary to execute its current strategy and meet its obligations over the next twelve months. As previously reported on 9 September 2022, the Company has seen headwinds from the price of both natural gas and electricity caused by the geopolitical situation in Europe and low levels of natural gas storage in the United States.

News for Argo Blockchain PLC Stock (ARBK)