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: 3,404,271
  • Market Cap: £70.65m
  • RiskGrade: 1,097

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Argo Blockchain reports bumper month of crypto mining

By Josh White

Date: Friday 07 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations in December, reporting that it mined 214 Bitcoin and Bitcoin equivalent (BTC) during the month, up from 185 BTC in November.
The London-listed firm said it brought the total amount mined in 2021 to 2,045 BTC.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in December totalled £7.82m, which was down from the £8.29m value attributed to November's mining.

Argo said it generated the income at a mining margin of about 83% for December, compared to November's margin of 86%.

At the end of the month, Argo Blockchain said it owned 2,595 Bitcoin or Bitcoin equivalent.

Argo also updated shareholders on the construction of its 200MW flagship cryptocurrency mining facility 'Helios' in Dickens County, Texas on Friday.

The company said its construction remained on time, with the main structure, outside facade and roof now complete.

It said the next phase of construction and the build-out of essential infrastructure were ongoing, with a projected completion date in the first half of 2022.

"2021 has been a transformational year for both Argo and the cryptocurrency sector," said chief executive officer and interim chairman Peter Wall.

"We began development on our mining facility in Texas and we took Argo to Nasdaq.

"Our efforts allowed us to expand our global presence and we look forward to the year ahead and the opening of our mining facility in Dickens County, Texas."

At 1443 GMT, shares in Argo Blockchain were up 3.66% at 85p.

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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 3,404,271
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
15:07 1,351 @ 14.95p
15:05 140 @ 15.00p
15:02 5,387 @ 14.68p
15:01 6,580 @ 14.68p
14:53 479 @ 14.68p

Argo Blockchain Key Personnel

CEO Peter Wall

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