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Argo Blockchain plc American Depositary Shares - $ARBK STOCK NEWS

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Rhea-AI Summary

Argo Blockchain plc provided an operational update for April 2024, mining 99 Bitcoin, maintaining daily production despite the halving, with mining revenue at $6.6 million. The Company also granted Equity Awards to employees as per the 2022 Equity Incentive Plan.

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End-of-Day
-2.16%
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Rhea-AI Summary
Argo Blockchain plc releases its 2023 Annual Financial Report, highlighting key figures such as 1,760 Bitcoins mined, $50.6 million in revenue, and an adjusted EBITDA of $8.3 million. The company reduced non-mining operating costs by 58% and decreased debt owed to Galaxy Digital. Despite a 14% revenue decrease, Argo maintains a mining margin of 43% and shows a positive trend in financial stability.
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0.66%
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Rhea-AI Summary
Argo Blockchain PLC announces the Notice of FY 2023 Results and Investor Presentation. The Company will release its FY 2023 results on Thursday, 25 April 2024, and host a conference call to discuss the results. Investors can access the live webcast via the Investor Meet Company platform. Questions can be submitted before or during the meeting. For further information, contact Argo Blockchain Investor Relations.
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-2.03%
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Argo Blockchain plc reports a 5% increase in daily Bitcoin production in March 2024, selling its Mirabel facility and relocating mining machines to Baie Comeau. Mining revenue surged by 55% to $7.0 million, with digital assets worth 26 Bitcoin as of March 31, 2024.
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1.92%
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Rhea-AI Summary
Argo Blockchain plc announces the closing of the sale of its Mirabel, Quebec data center for $6.1 million, reducing debt by $12.4 million in Q1 2024. The company used the proceeds to repay debts, including $1.4 million for the Mirabel Facility's mortgage. The consolidation of mining operations to Baie Comeau, Quebec, is expected to cut non-mining expenses by $0.7 million annually.
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35.62%
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Rhea-AI Summary
Argo Blockchain plc announces the sale of its Mirabel, Quebec data center for $6.1 million, reducing debt and strengthening its balance sheet. The company also provides an operational update for February, highlighting a decrease in Bitcoin production due to maintenance-related outage.
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-18.64%
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Rhea-AI Summary
Argo Blockchain plc, a global leader in cryptocurrency mining, reported a 20% decrease in daily Bitcoin production in January 2024 compared to the prior month. The decrease was driven by a 16% decrease in Bitcoin-denominated hashprice and weather-related curtailments. Mining revenue also decreased by 19% to $5.3 million. The company held digital assets worth the equivalent of 18 Bitcoin as of January 31, 2024.
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-4.66%
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Rhea-AI Summary
Argo Blockchain plc, a global leader in cryptocurrency mining, has issued 154,475 new ordinary shares pursuant to the terms of previously granted Restricted Share Units. The new shares rank pari passu with the existing shares and will be admitted to the Official List and trading on the Main Market of the London Stock Exchange PLC. As of January 31, 2024, the Company's share capital consisted of 577,155,838 ordinary shares, with equal voting rights and no shares held in Treasury.
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-6.94%
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Argo Blockchain plc (ARB) Raises $9.9 Million in Gross Proceeds Through Private Placement, Plans to Use Funds for Working Capital and Debt Repayment
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-9.43%
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Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) mined 155 Bitcoin in December 2023, with a 4% increase in daily production. Revenue amounted to $6.6 million, a 25% increase from the prior month. The company held 9 Bitcoin on its balance sheet and digital assets worth the equivalent of 18 Bitcoin as of 31 December 2023.
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-9.43%
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Argo Blockchain plc American Depositary Shares

Nasdaq:ARBK

ARBK Rankings

ARBK Stock Data

78.49M
485.52M
3.78%
0.76%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
50 Jermyn Street

About ARBK

say hello to the future. argo makes it easy to mine bitcoin gold, ethereum and other altcoins from home. argo is a platform that enables customers to efficiently mine ethereum and other altcoins from their own computer or mobile device. with just a click of a button and a transparent monthly fee, our users can immediately select which coin(s) they want to mine. our service provides immediate access to argo's cutting-edge mining rigs, which seamlessly perform the complex crypto-mining operations for our users and then directly deposit all coins mined into users’ digital wallets.