|Bid||7.00 x 0|
|Ask||7.30 x 0|
|Day's range||7.00 - 7.42|
|52-week range||2.55 - 11.25|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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Argo, a UK-based provider of enterprise scale cryptocurrency mining services (ARB.L), is pleased to announce the variation and extension of a multi-year agreement with GPU.one, a leading Canadian data centre provider which increases the Company’s access to clean power supplies to a total of 14 megawatts at significantly reduced prices. The agreement builds on the Company’s existing relationship with GPU.one and replaces an existing three-year deal signed in August 2018, at the time when Argo commenced its industrial-scale mining operations.
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.