Argo – DIGIT INFO

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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Chip Giant Intel Abandons Bitcoin ASIC Production

DIGIT — Wed, 19 Apr 2023 10:00:34 +0000

After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000 […]

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100%: Public Bitcoin miners sold almost everything they mined in 2022

DIGIT — Wed, 28 Dec 2022 02:38:28 +0000

Public Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again in what some hope is a bullish signal.

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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 hashrate recovers after big freeze shuts down miners

DIGIT — Mon, 26 Dec 2022 03:40:30 +0000

The Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s.

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Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt

DIGIT — Wed, 21 Dec 2022 15:30:33 +0000

On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]

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Core Scientific in ‘substantial doubt’ of continuing without more cash

DIGIT — Wed, 23 Nov 2022 02:23:44 +0000

The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.

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Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners

DIGIT — Wed, 02 Nov 2022 04:30:54 +0000

On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27 […]

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Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip

DIGIT — Mon, 21 Feb 2022 21:30:51 +0000

Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information […]

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