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Argo Blockchain Plc - ARBK STOCK NEWS

Welcome to our dedicated page for Argo Blockchain Plc news (Ticker: ARBK), a resource for investors and traders seeking the latest updates and insights on Argo Blockchain Plc stock.

Argo Blockchain Plc (ARBK) operates at the intersection of cryptocurrency mining and sustainable technology, leveraging renewable energy to power its North American data centers. This news hub provides investors and industry observers with comprehensive updates on the company's strategic initiatives, operational milestones, and market developments.

Access authoritative reporting on ARBK's cryptocurrency mining operations, high-performance computing expansion, and energy-efficient infrastructure projects. Our curated collection includes official press releases, financial disclosures, and analysis of key business moves – from equipment upgrades to partnership announcements.

Key coverage areas include quarterly earnings reports, mining capacity updates, sustainability initiatives, and technological innovations. Bookmark this page for real-time updates on ARBK's progress in optimizing blockchain infrastructure while maintaining its competitive edge in renewable-powered operations.

For stakeholders tracking the evolution of energy-conscious crypto mining, this resource offers essential updates on ARBK's operational efficiency metrics and strategic positioning within the blockchain ecosystem. Return regularly for unfiltered access to primary source materials and expert commentary on company developments.

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Argo Blockchain has announced its Annual General Meeting (AGM) scheduled for June 6, 2024, at 15:00 BST in London. Shareholders can attend in person or via the Investor Meet Company platform, though online participants cannot vote. Argo encourages shareholders to submit questions in advance via email or the platform, which will be addressed during the AGM and posted online afterward. The Notice of AGM and proxy forms are being sent to shareholders and will be available on Argo's website shortly.

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Argo Blockchain plc provided an operational update for April 2024, mining 99 Bitcoin, maintaining daily production despite the halving, with mining revenue at $6.6 million. The Company also granted Equity Awards to employees as per the 2022 Equity Incentive Plan.

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Argo Blockchain plc releases its 2023 Annual Financial Report, highlighting key figures such as 1,760 Bitcoins mined, $50.6 million in revenue, and an adjusted EBITDA of $8.3 million. The company reduced non-mining operating costs by 58% and decreased debt owed to Galaxy Digital. Despite a 14% revenue decrease, Argo maintains a mining margin of 43% and shows a positive trend in financial stability.
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Argo Blockchain PLC announces the Notice of FY 2023 Results and Investor Presentation. The Company will release its FY 2023 results on Thursday, 25 April 2024, and host a conference call to discuss the results. Investors can access the live webcast via the Investor Meet Company platform. Questions can be submitted before or during the meeting. For further information, contact Argo Blockchain Investor Relations.
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Argo Blockchain plc reports a 5% increase in daily Bitcoin production in March 2024, selling its Mirabel facility and relocating mining machines to Baie Comeau. Mining revenue surged by 55% to $7.0 million, with digital assets worth 26 Bitcoin as of March 31, 2024.
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Argo Blockchain plc announces the closing of the sale of its Mirabel, Quebec data center for $6.1 million, reducing debt by $12.4 million in Q1 2024. The company used the proceeds to repay debts, including $1.4 million for the Mirabel Facility's mortgage. The consolidation of mining operations to Baie Comeau, Quebec, is expected to cut non-mining expenses by $0.7 million annually.
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Argo Blockchain plc announces the sale of its Mirabel, Quebec data center for $6.1 million, reducing debt and strengthening its balance sheet. The company also provides an operational update for February, highlighting a decrease in Bitcoin production due to maintenance-related outage.
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Argo Blockchain plc, a global leader in cryptocurrency mining, reported a 20% decrease in daily Bitcoin production in January 2024 compared to the prior month. The decrease was driven by a 16% decrease in Bitcoin-denominated hashprice and weather-related curtailments. Mining revenue also decreased by 19% to $5.3 million. The company held digital assets worth the equivalent of 18 Bitcoin as of January 31, 2024.
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Argo Blockchain plc, a global leader in cryptocurrency mining, has issued 154,475 new ordinary shares pursuant to the terms of previously granted Restricted Share Units. The new shares rank pari passu with the existing shares and will be admitted to the Official List and trading on the Main Market of the London Stock Exchange PLC. As of January 31, 2024, the Company's share capital consisted of 577,155,838 ordinary shares, with equal voting rights and no shares held in Treasury.
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Argo Blockchain plc (ARB) Raises $9.9 Million in Gross Proceeds Through Private Placement, Plans to Use Funds for Working Capital and Debt Repayment
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Argo Blockchain Plc

Nasdaq:ARBK

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ARBK Stock Data

22.19M
64.03M
0.11%
2.78%
2.62%
Capital Markets
Financial Services
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United Kingdom
London