Argo Blockchain (ARB)

Sector:

IT Services

14.92p
   
  • Change Today:
    -0.083p
  • 52 Week High: 81.00
  • 52 Week Low: 2.50
  • Currency: UK Pounds
  • Shares Issued: 477.83m
  • Volume: 1,860,415
  • Market Cap: £71.28m
  • RiskGrade: 1,097

Argo Blockchain brings 500 new mining machines online

By Josh White

Date: Monday 11 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Enterprise-scale cryptocurrency mining company Argo Blockchain announced on Monday that 500 new 'Bitmain S17 Antminer' machines had been brought onstream in the last week, increasing the total number of machines in production to 7,000.
The London-listed firm said the new machines were part of its strategy to install and operate a total production base of approximately 17,000 machines by the end of the first quarter of 2020 - a more than 140% increase from current levels.

It said the rest of the 10,000 machines required to achieve that target were already on order, and were expected to be delivered in batches from early December.

Argo also reported that, further to its announcement on 28 August, 1,026 S17 Antminers that began production in late May had achieved a 100% payback on their investment.

"Our strategy to make a major investment in new mining hardware this year continues to deliver strong returns," said executive chairman Mike Edwards.

"We are also confident that the ongoing expansion of our mining infrastructure will deliver returns in line with our expectations and create long-term value for shareholders."

At 0916 GMT, shares in Argo Blockchain were up 0.73% at 6.89p.

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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 14.92p
Change Today -0.083p
% Change -0.56 %
52 Week High 81.00
52 Week Low 2.50
Volume 1,860,415
Shares Issued 477.83m
Market Cap £71.28m
RiskGrade 1,097

Argo Blockchain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.61% above the market average82.61% above the market average82.61% above the market average82.61% above the market average82.61% 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
96.67% below the market average96.67% below the market average96.67% below the market average96.67% below the market average96.67% below the market average
96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% 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 31-Jan-2023

Time Volume / Share Price
12:40 19,861 @ 15.00p
12:37 6,691 @ 14.95p
12:27 4,000 @ 14.90p
12:20 165 @ 15.07p
12:20 13 @ 15.07p

Argo Blockchain Key Personnel

CEO Peter Wall

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