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: 3,753,643
  • Market Cap: £70.65m
  • RiskGrade: 1,097

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Argo Blockchain pleased with mining efficiency after January performance

By Josh White

Date: Tuesday 04 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations for January on Tuesday, reporting that it mined 247 Bitcoin and generated revenues of £1.63m based on daily foreign exchange rates and the price of Bitcoin in the month.
The London-listed company said mining in January was more efficient than the previous month despite increasing algorithmic difficulty.

It said it considered its operations to be "one of the most efficient" in the market.

As it had previously announced, the firm was ahead of schedule to achieve its goal to bring 17,000 machines into production by the end of the first quarter of 2020.

It now had 16,500 machines in production, representing 630 petahash of mining power.

That infrastructure investment was funded from cash generated from operations and cash balances, the board said.

"We have made a strong start to the year and these results reflect Argo's position as one of the most efficient crypto miners in the market," said chief executive officer Peter Wall.

"Having successfully executed this significant capital investment programme ahead of schedule and on budget, we are in a great position to benefit from improving industry conditions."

At 1108 GMT, shares in Argo Blockchain were down 3.09% at 6.35p.

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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 3,753,643
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
16:03 2,555 @ 14.55p
16:00 2,597 @ 14.65p
15:56 15,461 @ 14.76p
15:56 40,000 @ 14.76p
15:54 28,529 @ 14.76p

Argo Blockchain Key Personnel

CEO Peter Wall

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