ARBK Stock Recent News

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) mined 2,156 bitcoin or bitcoin equivalent (BTC) during the 2022 financial year, a 5% increase compared to 2021, per the London-listed company's Friday earnings call. Mining operations generated £47.4mln ($58.6 million) in revenue, a decrease of 36% from 2021 due to the bitcoin bear market, an increase in global hashrate and network difficulty level, and surging energy costs.

London-listed cryptocurrency miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has confirmed that neither Argo Blockchain, nor any of its subsidiaries, had any exposure to the collapse of either Silvergate Bank or Silicon Valley Bank. A subsidiary of Argo held a portion of its operating funds in cash deposits at Signature Bank in New York, which were secure and available for use as of Monday, March 13.

London-listed cryptocurrency miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) mined 162 bitcoin or bitcoin equivalents (together, BTC) in February, resulting in a 7% daily increase compared to December 2022. Argo was able to achieve this increase in daily BTC production despite a 10% increase in average network difficulty in February compared to the prior month.

Peter Wall is stepping down as Argo Blockchain's CEO and interim chairman to “pursue other opportunities,” the bitcoin miner announced in a press release today.

London-listed cryptocurrency miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has announced that Peter Wall will step down from his positions as chief executive and interim chairman to pursue other opportunities.  The board has appointed chief financial officer Seif El-Bakly as interim chief executive, while Matthew Shaw has been appointed as chairman of the board.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) mined 168 Bitcoin or Bitcoin Equivalents (together, BTC) in January, a month-on-month increase of 14%, according to the London-listed cryptocurrency mining company's latest update. The increase in BTC mined was primarily due to fewer curtailment hours in January compared to December, when a severe winter storm impacted much of the United States, though this was partially offset by a 3% higher network difficulty compared to December 2022.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) has announced the resignation of chief financial officer and executive director Alex Appleton following the successful sale of Argo's Texas-based Helios facility to Galaxy Digital (TSX-V:GLXY) Holdings on 29 December 2022. Appleton, who departed to pursue other opportunities, commented: "I am very proud of what we have achieved over my time with Argo.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) told investors it is again in compliance with Nasdaq's minimum bid price rule. The crypto miner, in a statement, said it had received a letter from the listing qualifications department of The Nasdaq Stock Market informing the company that it has regained compliance with Nasdaq Listing Rules, and, it now considers the matter closed.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) 147 mined bitcoin (BTC) or bitcoin equivalents in December compared to 198 the month prior, according to the group's latest operational update. The month-on-month reduction was due to the curtailment of mining operations at the Helios facility in Texas in response to a winter storm that impacted much of the US.

Crypto miner Argo Blockchain has sold its key data centre though expects to continue operating there. This smells like a fire sale but does improve the company's chances of survival in my view.