Streetbeat News

ARBK

Argo Blockchain plc

https://www.argoblockchain.com

Industry

Financial - Capital Markets

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017. Argo Blockchain plc was incorporated in 2017 and is headquartered in London, the United Kingdom.

Open

1.13

Mkt cap

71M

Volume

2.6M

High

1.21

P/E Ratio

-1.30

52-wk high

4.45

Low

1.02

Div yield

N/A

52-wk low

1.02

Argo Blockchain is focusing on growth opportunities, leveraging its expertise in cryptocurrency mining and financial technology. The company reported Q3 2024 revenue of $7.50 million and $36.70 million for the first nine months of the year.

Portfolio Pulse from

November 20, 2024 | 9:15 am

Shares of crypto-related companies are trading lower in sympathy with Coinbase, potentially due to a drop in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:52 pm

Longboard Pharmaceuticals shares surged 46.8% in pre-market trading after Lundbeck agreed to acquire the company for approximately $2.6 billion. Other notable pre-market movers include Inventiva, Tevogen Bio, and Expion360, which saw significant gains, while Molecular Templates and Vicinity Motor experienced sharp declines.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 11:04 am

Argo Blockchain reported a decrease in Bitcoin mining revenue to $2.2M in September 2024 from $2.3M in August 2024. The mining margin for Q3 was below 10% due to lower hash prices and higher power costs. The company held 4 BTC equivalent as of September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 6:23 am

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

The article reports on the after-market movements of various information technology stocks. Glimpse Group (VRAR) and ReposiTrak (TRAK) saw significant gains following their Q4 earnings reports. Other gainers include Next Technology Holding (NXTT), Argo Blockchain (ARBK), Greenidge Generation (GREE), and Daktronics (DAKT). On the losing side, Cemtrex (CETX) experienced a sharp decline, along with CPI Card (PMTS), BIT Mining (BTCM), Intchains Gr (ICG), Signing Day Sports (SGN), and BIO-key Intl (BKYI).

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:30 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. EMCORE (EMKR) saw a remarkable 132.2% increase, while OneConnect Financial Tech (OCFT) rose by 16.75%. On the downside, Nano Labs (NA) decreased by 12.0%, and Bitdeer Technologies (BTDR) fell by 9.6%.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 12:06 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:46 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

Argo Blockchain reported a decrease in Bitcoin mining revenue for August 2024, with revenue dropping to $2.3 million from $3 million in July. The company mined 38 BTC in August, down from 1.5 BTC per day in July, due to economic curtailments and lower hash prices.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:19 am

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