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

0.42

Mkt cap

2.6M

Volume

365K

High

0.43

P/E Ratio

-0.46

52-wk high

2.48

Low

0.40

Div yield

N/A

52-wk low

0.30

Crypto-related stocks are trading higher due to an increase in the price of Bitcoin, indicating a positive correlation between these stocks and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:34 pm

A Cantor Fitzgerald report suggests that the upcoming Bitcoin Halving in April could render nine of the eleven largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000. Only Bitdeer (BTDR) and CleanSpark (CLSK) are expected to maintain profit margins. Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are projected to be the most affected. Other miners like Marathon Digital (MARA), Riot Blockchain (RIOT), and Core Scientific (CORZ) may also face significant impacts. The report considers the all-in cost per coin, which includes electricity, hosting fees, and other expenses. Miners are selling reserves ahead of the Halving to cover costs and prepare for future investments. The Halving, which reduces the reward per block for miners, is expected to create price increases due to supply contraction.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 5:16 pm

In Monday's after-market session, several Information Technology stocks experienced movement. ComSovereign Holding (COMS) and SMX (Security Matters) (SMX) were among the gainers, with shares rising 11.2% and 8.26%, respectively. Argo Blockchain (ARBK), EMCORE (EMKR), ZeroFox Holdings (ZFOX), and Indie Semiconductor (INDI) also saw gains. On the losing side, CI&T (CINT), Nvni Group (NVNI), CCSC Technology (CCTG), Crexendo (CXDO), Stronghold Digital Mining (SDIG), and Greenidge Generation Hldg (GREE) experienced declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:31 pm

In Monday's pre-market session, several information technology stocks showed significant movement. Mobix Labs, Phunware, FOXO Technologies, Castellum, EMCORE, and Verint Systems were among the gainers, with Mobix Labs leading with a 19.5% increase. On the other hand, Powerbridge Technologies, Nvni Group, Signing Day Sports, SatixFy Communications, Argo Blockchain, and Presto Automation experienced declines, with Powerbridge Technologies dropping by 12.5%. The movements were reflected in the changes in stock prices and market capitalizations for these companies.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 1:05 pm

In Monday's after-market session, several IT stocks saw significant movements. Atomera, Movella Holdings, SMX, Sonim Technologies, Argo Blockchain, and Prairie Operating were gainers, with Atomera leading at a 9% increase. On the losing side, Amplitude, WaveDancer, CalAmp, Signing Day Sports, Powerbridge Technologies, and Nvni Group saw declines, with Amplitude dropping 7.3%. CalAmp's recent Q3 earnings release is noted.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 9:30 pm

In Monday's intraday session, several IT stocks experienced significant movements. Wipro (WIT) saw a 17% increase after its Q3 earnings report. Airspan Networks (MIMO), EMCORE (EMKR), UTime (WTO), Inpixon (INPX), and Veritone (VERI) also gained. Conversely, SEALSQ (LAES), Minim (MINM), Argo Blockchain (ARBK), Movella Holdings (MVLA), Greenidge Generation (GREE), and The9 (NCTY) faced declines.

Portfolio Pulse from Benzinga Insights

January 15, 2024 | 5:30 pm

In Friday's intraday trading session, several information technology stocks experienced significant movements. Airspan Networks (MIMO) saw a sharp increase of 55.7%, while Wipro (WIT) rose by 18.46% following their Q3 earnings release. Other gainers included UTime (WTO), Inpixon (INPX), OMNIQ (OMQS), and EMCORE (EMKR). Conversely, SEALSQ (LAES), Spectaire Holdings (SPEC), Argo Blockchain (ARBK), WISeKey Intl Holding (WKEY), Greenidge Generation Holding (GREE), and Stronghold Digital Mining (SDIG) faced notable declines.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:31 pm

During Wednesday's intraday session, several information technology stocks experienced significant movements. SEALSQ, Zepp Health, Nvni Group, Argo Blockchain, Aeva Technologies, and SMART Global Holdings saw their shares rise, with SMART Global Holdings releasing Q1 earnings. Conversely, Presto Automation, Aehr Test Systems, AEye, MicroCloud Hologram, CalAmp, and GSE Systems faced declines in their stock prices, with Aehr Test Systems and CalAmp releasing their Q2 and Q3 earnings respectively.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 5:30 pm

Three tech stocks, Argo Blockchain plc (ARBK), NextNav Inc. (NN), and Alteryx, Inc. (AYX), are showing signs of being overbought according to their Relative Strength Index (RSI) values. ARBK recently raised $9.9 million and its stock surged 58% over the past month, with an RSI of 70.53. NN appointed a new CEO and saw a 14% stock increase over five days, with an RSI of 71.11. AYX, set to be acquired by private equity firms, rose 6% over the past month, with an RSI of 73.58.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 12:54 pm

In Tuesday's intraday session, several information technology stocks experienced significant movements. MicroCloud Hologram (HOLO) saw a 31.8% increase, while Wrap Technologies (WRAP) rose by 26.2%. Juniper Networks (JNPR) increased by 22.51%, SEALSQ (LAES) by 22.3%, Alarum Technologies (ALAR) by 21.4%, and Syntec Optics Holdings (OPTX) by 15.06%. On the downside, Aurora Mobile (JG) dropped by 18.7%, Argo Blockchain (ARBK) by 13.58%, GSE Systems (GVP) by 10.38%, Akerna (KERN) by 9.8%, Bitdeer Technologies (BTDR) by 9.29%, and Cambium Networks (CMBM) by 9.06%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 5:31 pm

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