Argo Blockchain (ARB)

Sector:

IT Services

14.79p
   
  • Change Today:
    -0.81p
  • 52 Week High: 81.00
  • 52 Week Low: 2.50
  • Currency: UK Pounds
  • Shares Issued: 477.83m
  • Volume: 3,595,611
  • Market Cap: £70.65m
  • RiskGrade: 1,097

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Argo Blockchain sales exceed supply

By Iain Gilbert

Date: Tuesday 04 Dec 2018

LONDON (ShareCast) - (Sharecast News) - British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.
Argo's sales increased 146% between 1 October and 4 December to a total of 10,325 after a new batch of mining packages sold out immediately on release to the market.

As a result, the AIM-listed firm beat its sales targets by a "significant margin ahead of schedule".

The company now anticipates its current annualised revenue run-rate to be somewhere in the vicinity of $6.2m - a marked improvement from the $260,000 recorded at the time of its IPO back in August.

Co-founder Mike Edwards said: "Despite a recent downturn in the cryptocurrency market, we are continuing to experience a strong ramp-up in revenues due to good execution of our growth strategy."

"With a strong balance sheet and prudent management of our investment in growth, Argo's long-term prospects remain bright and we look to the future with confidence."

As of 1440 GMT, Argo shares had shot up 15.16% to 5.47p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Argo Blockchain Market Data

Currency UK Pounds
Share Price 14.79p
Change Today -0.81p
% Change -5.22 %
52 Week High 81.00
52 Week Low 2.50
Volume 3,595,611
Shares Issued 477.83m
Market Cap £70.65m
RiskGrade 1,097

Argo Blockchain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.37% above the market average82.37% above the market average82.37% above the market average82.37% above the market average82.37% above the market average
87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average87.50% above the sector average
Price Trend
96.56% below the market average96.56% below the market average96.56% below the market average96.56% below the market average96.56% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Income Not Available
Growth
95.61% above the market average95.61% above the market average95.61% above the market average95.61% above the market average95.61% above the market average
97.98% above the sector average97.98% above the sector average97.98% above the sector average97.98% above the sector average97.98% above the sector average

Argo Blockchain Dividends

No dividends found

Trades for 01-Feb-2023

Time Volume / Share Price
15:40 550 @ 14.55p
15:40 61,262 @ 14.73p
15:37 33 @ 14.98p
15:36 44,000 @ 14.73p
15:33 3,172 @ 14.71p

Argo Blockchain Key Personnel

CEO Peter Wall

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