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

Crypto-related stocks, including BTDR, COIN, HIVE, and MARA, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:54 pm

The article discusses the overestimated fears surrounding the upcoming Bitcoin halving event, highlighting its potential impact on miners and the broader crypto market. It emphasizes that historical data shows Bitcoin's price typically surges post-halving, countering concerns about miner profitability and exodus. The analysis mentions specific companies like Argo Blockchain (ARBK) and Hut 8 (HUT) as vulnerable, while Bitdeer (BTDR) and CleanSpark (CLSK) are positioned to remain profitable. Additionally, the introduction of Bitcoin Ordinals and the approval of Bitcoin ETFs are seen as positive developments that could support the market.

Portfolio Pulse from Gracy Chen

March 19, 2024 | 4:01 pm

In Friday's after-market session, several Information Technology stocks showed notable movements. Gainers included Sobr Safe, Nano Labs, XIAO-I, Rubicon Technologies, EMCORE, and AEye, with increases ranging from 4.95% to 10.3%. On the losing end, MMTEC, Verb Tech, SMX, SEMrush Hldgs, Wetouch Technology, and Argo Blockchain saw declines between 5.46% and 12.3%. These movements reflect significant volatility and investor interest in the tech sector.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 9:33 pm

Shares of software companies are trading lower due to a pullback in the tech sector, triggered by the release of February PPI data.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:42 pm

In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included NextTrip, Turtle Beach, Presto Automation, Veritone, Minim, and Bit Origin, with increases ranging from 15.38% to 33.4%. On the losing side, Pagaya Techs, CXApp, XTI Aerospace, NextNav, SentinelOne, and Argo Blockchain saw declines between 14.33% and 21.7%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

In Tuesday's after-market session, several information technology stocks showed significant movement. CrowdStrike Holdings, Couchbase, and Box reported Q4 earnings, contributing to their stock price increases. Other notable gainers included Alarum Technologies, Argo Blockchain, and Mawson Infra Gr. Conversely, Minim, CISO Global, Quantum, 8x8, NAPCO Security Techs, and Phunware experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 9:31 pm

In Tuesday's intraday session, several information technology stocks experienced significant movements. Notably, Datasea, Airship AI Holdings, and Dave saw substantial gains, with increases of 86.1%, 84.85%, and 56.57% respectively. On the downside, SEMrush Holdings, GitLab, and Argo Blockchain faced notable declines. The movements were largely attributed to recent earnings releases for some companies.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:33 pm

Argo Blockchain's stock is trading lower following a report of decreased mining revenue in February and the sale of its Mirabel, Quebec Data Center.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 4:21 pm

In Tuesday's pre-market session, several Information Technology stocks showed significant movement. Notably, Phunware, Viant Technology, BigBear.ai Holdings, Casa Systems, Cipher Mining, and Dave reported gains, with Phunware leading at a 20.0% increase. Conversely, GitLab, SEMrush Holdings, Presto Automation, SmartRent, Wetouch Technology, and Argo Blockchain experienced declines, with GitLab seeing the largest drop of 20.8%. The movements were largely attributed to the release of Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:09 pm

Argo Blockchain PLC (ARBK) announced the sale of its Mirabel Quebec Data Center for $6.1M and reported a 15% decrease in mining revenue for February 2024 to $4.5M, attributed to a 21% reduction in daily Bitcoin production due to maintenance-related outages and a 5% increase in average network difficulty.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:08 am

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