Cryptocurrency mining giant Argo Blockchain could cut down or halt operations if the company fails to complete any more financing. With the ongoing crypto winter, more bitcoin miners continue to strug...
Tag: Argo
Argo Blockchain says it faces negative cash flow, shares fall 45%
Argo Blockchain (LSE:ARB), one of the leading Bitcoin (BTC/USD) miners in the world, has revealed its facing a potential negative cash flow if it doesn’t secure fresh financing in the short term to pr...
Tesla and Argo AI setbacks sap momentum for driverless tech
The driverless tech industry hit a couple of snags this week. First came news in Ford’s (F) Q3 earnings report that the automaker was shutting down its Argo AI autonomous driving joint venture. Ford s...
Argo Blockchain shares crumble as it sets out plan to raise $34 million
Investor confidence in Argo Blockchain was rocked on Friday morning as it unveiled a plan to shore up its balance sheet amid declining bitcoin prices and rocketing energy costs. The company, which is ...
Bitcoin Miner Argo to Raise $40M to Combat Liquidity Pressure
Bitcoin mining company Argo Blockchain announced Friday that it is on track to secure $40 million to combat its rising liquidity pressures. To achieve this, Argo seeks to unlock $6 million from its c...
Argo Blockchain Continuously Sells Its Btc Holding To Pay Debt To Galaxy Digital
Argo Blockchain sold another slot of 887 Bitcoin holding in July 2022, amounting to $20.1Million. Argo Blockchain is a cryptocurrency mining company continuously selling its Bitcoin holding to p...
Mobileye Files For An IPO (again!)- How Will Other Autonomy Companies React?
LAS VEGAS, NEVADA – JANUARY 08: A display highlights Mobileye’s autonomous driving technology at CES … [+] 2020 at the Las Vegas Convention Center on January 8, 2020 (Photo by Mario ...
Argo Blockchain saw its Bitcoin mining margin drop to 20% in August
Argo Blockchain PLC (LON: ARB), a publicly traded Bitcoin mining company that’s one of the largest in the world, has released an operational update showing its mining margin decreased to 20% in August...
Researchers Slashes Targets for Argo Blockchain
Jefferies and H.C. Wainwright analysts have slashed their price targets for Argo. Argo Blockchain is one of the leading cryptocurrency miners. Expectations regarding the funding goal have lowered cons...
Sell-Side Trims Targets for Bitcoin Miner Argo Blockchain
Argo expects to sign a fixed-price power purchasing agreement in the next couple of months, which will both stabilize its electricity spending and allow it to sell power back to the grid, along with o...
Bitcoin Miner Argo Blockchain Looks to Raise $25M-$35M for 4.1 EH/s Hashrate Target
On Wednesday, Argo lowered its 2022 hashrate expectations from 5.5 EH/s to 3.2 EH/s, citing delays in the delivery and deployment of Intel’s (INTC) Blockscale ASIC chips because Intel is redesig...
Bitcoin Miner Argo Updates Computing Power to 3.2 EH/s at the end of 2022
U.K.-based publicly traded cryptocurrency miner Argo Blockchain said on Wednesday it plans to update its year-end computing power from 5.5 EH/s to 3.2 EH/s by the end of 2022, a drop of 41.8%. The tot...
Argo announces sustainability report- The Cryptonomist
Argo is a company that uses blockchain technology and is focused on large-scale mining, it operates in Texas while its offices are in the US, Canada and the UK, and is listed in both the US and the UK...
Argo mined 22.4% more bitcoin in July than in June — and sold 887
Bitcoin miner Argo mined 22.4% more bitcoin in July compared with June. It also sold 887 BTC in July, at an average price of $22,670 per coin. The company used a majority of those revenues to reduce i...
Argo Blockchain continues selling Bitcoin to pay off Galaxy Digital debt
Argo Blockchain, a cryptocurrency mining company, has continued to sell its Bitcoin holdings to repay the debt owed to Galaxy Digital, a cryptocurrency investment company owned by Michael Novogratz. A...
Argo Mining Crypto Production Rose to 219 BTCs in July
Argo Blockchain plc, a publicly traded cryptocurrency mining firm based in the UK, on Friday, announced its operational update for July 2022. During the month of July, Argo revealed that it mined 219 ...
In July, Argo Mined 22.4% More Bitcoin in Comparison to June and Sold 887 BTC
Argo Sold 887 BTC holding in July and used the amount to pay the debt borrowed from Galaxy digital. Argo Blockchain is a leading crypto mining firm globally with a support of 280 MS Equihash Rate. Th...
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital. Argo sold another 887 Bitcoin in J...
Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July
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Bitcoin Miner Argo Blockchain Reports Selling 637 BTC to Reduce Loan – crypto.news
The Bitcoin mining firm Argo Blockchain PLC is the latest miner to disclose selling more Bitcoin in a month than it mined. The firm reported having an outstanding balance of $22 million on a loan from...
Argo sold 637 bitcoin in June in an effort to strenghen its balance sheet
Bitcoin miner Argo Blockchain became the latest big mining firm to reveal that it sold bitcoin last month. The firm sold 637 bitcoin in June, at an average price of $24,500, according to a statement o...
Argo Blockchain reports selling 637 BTC to pay debts
Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold 637 Bitcoin (...
Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans
Argo Blockchain plc, a major global cryptocurrency mining firm, announced Thursday an update of its business operations for June 2022. Argo said it mined 179 Bitcoins in June compared to 124 BTC in Ma...
Argo Blockchain Sold More BTC Than What it Mined in June
The UK-based cryptocurrency mining firm – Argo Blockchain – mined 179 BTC last month. However, due to the current market conditions and its loan agreement with Galaxy Digital, the company had to sell ...
Argo Blockchain the Latest Crypto Mining Firm to Dump Bitcoin
Argo Blockchain PLC has become the latest Bitcoin mining company to have sold more Bitcoin than it mined in a month. According to a recent update, Argo sold 637 Bitcoin (BTC) in June at an average pr...
Argo Blockchain to Build Intel-Based Bitcoin Mining Rigs With ePIC Blockchain
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Argo Blockchain Plc Expected To Record Sales Of $ 24.66M For The Ongoing Quarter
As per the prediction of research analysts, Argo Block plc is going to declare sales of $ 24.66 million for the ongoing quarter, according to Zacks. Estimates for Argo Blockchain’s earnings are ...
Argo CEO Peter Wall claims Bitcoin is gold 2.0, will become hedge against inflation
? Want to work with us? CryptoSlate is hiring for a handful of positions! Peter Wall, the CEO of leading crypto mining company Argo, told CNBC in an interview on May 30 that Bitcoin (BTC) is “gold 2.0...
Argo Blockchain Reports 1.6 million Pounds In Net Income: 90% Drop Since Last Year
Argo Blockchain (ARB) shares that a net income of 1.6 million British pounds (US$2.1 million) was recorded in Q1. A drop of 90% in comparison to last year. Argo also cited various factors for it incl...
Argo Blockchain Announces 1st Quarter Financial Results
Argo Blockchain has released its financial report for the first quarter of 2022. It showed total quarterly revenue of $19.52 million, up from $17.84 million in the same period last year, attributed to...