Argo Blockchain profits surge amid share rise in BTC price
The London Stock Exchange-listed company shares rose this week after reporting first-half revenue stronger than many had expected.
The London Stock Exchange-listed company shares rose this week after reporting first-half revenue stronger than many had expected.
Argo Blockchain PLC is planning to explore a secondary listing on the NASDAQ exchange as it looks to take advantage of the soaring investor interest in the blockchain sector.
U.K.-based blockchain company Argo Blockchain has secured a £14 million (US$20 million) loan agreement to continue the build-out of its West Texas data center.
The block reward miner has completed the purchase of two data centers in Quebec, Canada. This follows an earlier announcement this year that the firm purchased land in Texas.
For 2020, London-based Argo Blockchain reported increased revenue by 120% to £19.0 million, compared to £8.6 million the prior year.
Argo Blockchain is partnering with Canada-based DMG Blockchain Solutions to launch Terra Pool, an alleged environmentally friendly BTC mining pool powered by sustainable clean energy.
Argo Blockchain has completed the purchase of 320 acres of land in West Texas where it intends to put up a 200MW block reward mining facility.
The London-listed firm inked the deal with ePIC Blockchain Technologies, committing to an initial $8 million mining rigs purchase.
The block reward miner entered a non-binding letter of intent (LOI) with DPN LLC of New York to gain 320 acres of land in West Texas.
U.K.-based block reward miner Argo Blockchain Plc is mining 545% more BTC than in 2019, with profits up 280%.
England is looking into digital currencies, India to explore blockchain in securities and Turkish city developing digital currency and more in this week’s edition
Nasdaq has issued a warning to Golden Bull Ltd, a P2P lending marketplace-cum-crypto miner for not submitting its financial statements for a six-month period.