|Bid||5.70 x 0|
|Ask||6.20 x 0|
|Day's range||5.65 - 6.19|
|52-week range||2.55 - 17.40|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Argo is pleased to announce that it has entered into conditional heads of terms with HIVE Blockchain Technologies Ltd (“HIVE”) to create the world’s largest purpose-built business-to-business mining service provider aimed at large-scale enterprise and institutional customers. The new partnership, which follows three months of discussions, will enable miners to benefit from the combination of the two groups’ existing mining capacity, including part of HIVE’s 45MW and part of Argo’s 10.5MW capacity. As a foundation stone of their proposed strategic co-operation, HIVE and Argo have conditionally agreed to a share swap arrangement, by which Argo will receive 16,321,281 HIVE common shares, representing 5% of the existing outstanding share capital in exchange for 44,062,500 ordinary shares in Argo, representing 15% of Argo’s existing issued share capital.
Argo, a UK-based provider of cryptocurrency mining services, is pleased to announce the launch of Bitcoin, the world’s largest cryptocurrency, on its platform from 1st of November 2018. The move comes in response to consumer demand and will increase the total number of cryptocurrencies available for mining by subscribers to seven. The current market capitalisation of Bitcoin is $114bn.
Argo, a UK-based provider of cryptocurrency mining services (ARB.L), is pleased to announce the introduction of two new coins to its platform, increasing the total number of alt-currencies available for mining by subscribers to six. Both coins have been introduced to the Argo platform following strong customer demand and were bench tested for efficiency. Their addition follows the expansion of Argo’s mining platform with new ASIC-based hardware, announced on 6 September.