ARBK Stock Recent News

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP)'s monthly mining output more than halved in May, as the London-listed bitcoin miner reckoned with the recent bitcoin Halving event. The Halving, which occurs every four years on the bitcoin ledger, slashes mining rewards by 50% as an anti-inflationary measure.

LONDON, ENGLAND / ACCESSWIRE / June 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for May 2024. During the month of May, the Company mined 45 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day.

Argo Blockchain (ARBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Argo Blockchain plc (NASDAQ:ARBK ) Q1 2024 Results Conference Call May 23, 2024 10:00 AM ET Company Participants Markella Zarifi - Financial Communications Representative Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, and welcome to the Argo Blockchain plc Q1 update. Throughout this recorded meeting, investors will be in listen-only mode.

Argo Blockchain plc (OTCPK:ARBKF) Q1 2024 Earnings Conference Call May 23, 2024 10:00 AM ET Company Participants Thomas Chippas - Chief Executive Officer Jim MacCallum - Chief Financial Officer Thomas Chippas Thank you, [Marcella], and thank you to everyone for joining us today. We recently shared our 2023 full year results, and I'm excited to update you on our progress, since then for this quarter.

LONDON, ENGLAND / ACCESSWIRE / May 16, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q1 2024 results will be released on Thursday, 23 May 2024. Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on Thursday, 23 May 2024.

In a surprising turn of events, Argo Blockchain PLC (LSE: ARB) witnessed a substantial price drop in its shares today following the announcement of the departure of its Chief Operating Officer (COO). The company, known for its global leadership in cryptocurrency mining, disclosed this significant change in its management, impacting investor sentiment.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares fell over 16% on Monday morning following a £7.8 million equity round. New shares were issued at 20.5p to institutional investors, marking a 24% discount to the previous closing price *though only a 1% discount on a volume-weighted 30-day basis).

Over the festive season, as the world welcomed Christmas and New Year's, conversations likely gravitated toward Bitcoin and cryptocurrencies, as the popular digital currency has surged higher in recent months. Much like how Memorial Day and Labor Day weekends set the stage for engaging discussions earlier in the previous year surrounding Artificial Intelligence (AI), the resurgence of Bitcoin and the allure of the broader cryptocurrency market continue to captivate investors.

Argo Blockchain (LON: ARB) share price had its best day since November 9th as Bitcoin price continued its recovery. The stock surged to a high of 10.50p on Monday, much higher than last month's low of $7.50.