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Argo Blockchain Plc - ARBK STOCK NEWS

Welcome to our dedicated news page for Argo Blockchain Plc (Ticker: ARBK), a resource for investors and traders seeking the latest updates and insights on Argo Blockchain Plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Argo Blockchain Plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Argo Blockchain Plc's position in the market.

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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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.94%
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Rhea-AI Summary
Argo Blockchain plc (ARB) Raises $9.9 Million in Gross Proceeds Through Private Placement, Plans to Use Funds for Working Capital and Debt Repayment
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.43%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.43%
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Rhea-AI Summary
Argo Blockchain plc (LSE:ARB);(NASDAQ:ARBK) announces its share capital and total voting rights as of December 29, 2023. The company's share capital consists of 536,963,471 ordinary shares of £0.001 each, all with equal voting rights. Shareholders can use this figure to determine their obligation to notify their interest in the company under the FCA Disclosure Guidance and Transparency Rules.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.33%
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Rhea-AI Summary
Argo Blockchain plc (ARBK) issued 1,638,305 new ordinary shares, bringing the total to 536,963,471. The new shares will be admitted to the Official List and trading on the Main Market of the London Stock Exchange PLC. Shareholders can use the total shares for FCA Disclosure calculations. The announcement contains inside information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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Rhea-AI Summary
Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) reports a 5% increase in daily Bitcoin production in November, mining 145 BTC and generating $5.30 million in revenue, a 25% increase from the prior month.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
35.48%
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Rhea-AI Summary
Argo Blockchain plc (ARB) has appointed Thomas Chippas as Chief Executive Officer and Director. Chippas, a New York-based executive, has significant experience in digital assets, technology, and financial services. Argo's chairman, Matthew Shaw, expressed excitement over Chippas' appointment, stating that it comes at a transformational time for the company. In connection with the appointment, the company has awarded 2,850,000 performance share units to Chippas. The PSUs vest over a three-year period, subject to Mr. Chippas' continued employment and satisfaction of performance conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.54%
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management
Argo Blockchain Plc

Nasdaq:ARBK

ARBK Rankings

ARBK Stock Data

125.24M
485.49M
0.01%
3.41%
0.57%
Data Processing, Hosting, and Related Services
Information
Link
United Kingdom
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.