Argo Blockchain – DIGIT INFO

Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024

DIGIT — Mon, 05 Aug 2024 10:17:44 +0000

Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than the previous month due to a lower […]

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Bitcoin Miner Argo Blockchain Secures $8.3 Million From an Institutional Investor

DIGIT — Wed, 31 Jul 2024 04:46:17 +0000

Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8 […]

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Argo Blockchain cuts 2022 debt by half, down to $75M

DIGIT — Tue, 29 Aug 2023 09:09:01 +0000

Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023.

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Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions

DIGIT — Sun, 09 Jul 2023 03:50:04 +0000

Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month.

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Argo Blockchain accused of misleading investors in class action lawsuit

DIGIT — Fri, 27 Jan 2023 05:17:11 +0000

After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain’s woes are worsening after a recent class action suit.

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Mike Novogratz calls Helios a ‘transformative acquisition’ for Galaxy

DIGIT — Fri, 30 Dec 2022 02:19:40 +0000

The Galaxy CEO seems unfazed by the carnage in the BTC mining sector this year, and outlined that the firm is looking to significantly ramp up its mining initiatives.

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Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas

DIGIT — Thu, 29 Dec 2022 00:30:22 +0000

After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially troubled […]

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Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading

DIGIT — Tue, 27 Dec 2022 23:30:13 +0000

Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” […]

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Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG

DIGIT — Tue, 20 Dec 2022 20:30:39 +0000

The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity, and Greenidge further entered into a hosting deal with NYDIG for the same 2.8 […]

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Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy

DIGIT — Mon, 12 Dec 2022 20:43:34 +0000

According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.

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