Previous close | 9.00 |
Open | 0.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 0.00 - 0.00 |
52-week range | |
Volume | |
Avg. volume | 3,111,205 |
Market cap | 43.96M |
Beta (5Y monthly) | 2.65 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.40 |
Earnings date | 06 Jun 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 5.80 |
Here is how Argo Blockchain PLC Sponsored ADR (ARBK) and Brown & Brown (BRO) have performed compared to their sector so far this year.
Here is how Argo Blockchain PLC Sponsored ADR (ARBK) and Brink's (BCO) have performed compared to their sector so far this year.
The crypto mining company is in a stronger position now, interim CEO El-Bakly said
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its audited results for the year ended 31 December 2022.
Mining equities were up about 17% on average, along with the price of bitcoin.
The Argo Blockchain plc ( LON:ARB ) share price is down a rather concerning 34% in the last month. But in three years...
The troubled mining firm had to sell its biggest facility to stave off bankruptcy.
Chief Operating Officer Seif El-Bakly has been appointed as interim CEO, effective immediately, while Matthew Shaw will take over as the board chairman. Wall's departure follows the resignation of Chief Financial Officer Alex Appleton earlier this month.
Alex Appleton, who has served in this role since September 2020, is departing to "pursue other opportunities."
Argo failed to disclose that it suffered from significant capital constraints, as well as electricity and network difficulties, the suit says.
The latest price moves in bitcoin (BTC) and crypto markets in context for Jan. 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The miner gained compliance to continue listing on Nasdaq after the minimum bid for its stock surpassed $1 for the last 10 consecutive days.
The London-based miner's production fell 29% in December as it powered off during a Texas storm.
The crypto mining sector is posting the largest gains in Monday trading.
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
(Reuters) -Crypto miner Argo Blockchain said on Wednesday it will sell its mining facility Helios for $65 million and refinance a new asset-backed loan as it seeks to avoid bankruptcy, sending its London-listed shares soaring. Argo, which earlier this month warned that it might have to file for Chapter 11 bankruptcy protection due to insufficient cash, said the deals will allow the company to continue its operations. London-listed shares of Argo, which have tumbled 92% so far this year, were up 120% to 8.5 pence in early trade, after the sale and refinancing agreement with Canada-listed crypto-investor Galaxy Digital Holdings.
Galaxy will also loan $35 million to Argo as part of the deal.
The company said earlier this month it was close to restructuring without having to declare bankruptcy.
LONDON, December 27, 2022--Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces that it has requested a suspension of trading for its ADSs and unsecured notes traded on the Nasdaq Global Select Market as the London Stock Exchange is closed for trading on Tuesday, 27 December 2022. The Company expects that trading on Nasdaq will resume on Wednesday, 28 December 2022 after the Company makes an announcement that is expected to be released before opening
The London-based company warned, however, there's no guarantee it will be able to do so.
The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing.
The Canadian firm said it would receive 5,800 machines by end-January, raking in upwards of 630 PH/s.
Two analysts downgraded their recommendation on Argo's shares.
By Geoffrey Smith
Argo Blockchain's plan to raise $27 million from a strategic investor has fallen through, the company said.