LONDON: Argo Blockchain plc reported a net loss of $8.1 million for the first half of 2025, down from $38 million in the same period last year, as the cryptocurrency miner grappled with machine refurbishment and relocation efforts. Revenue fell sharply to $6.3 million from $29.3 million in H1 2024, with Bitcoin production dropping…
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining, announced on Monday that it has agreed to sell its Quebec data center in Mirabel, Quebec, for $6.1 million. The deal is expected to close by the end of March 2024, subject to regulatory approvals and other conditions. The sale will help Argo…
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining, has appointed Thomas Chippas as Chief Executive Officer and Director with immediate effect. Thomas Chippas, most recently the Chief Executive Officer of CBOE Digital and a former member of its Board of Directors, is a New York-based executive with significant experience in digital…
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining (NASDAQ: ARBK) has signed a fleet swap agreement with Core Scientific Inc. (NASDAQ: CORZ). The agreement exchanges Argo’s Bitmain Antminer S19 series bitcoin mining fleet hosted at Core for S19J Pro bitcoin miners previously ordered by Core to be delivered directly to Argo’s…
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB) announced that Argo Helios LLC, a wholly owned Delaware-registered subsidiary of Argo Blockchain plc, has entered into an equipment financing agreement with NYDIG ABL LLC, a wholly owned subsidiary of New York Digital Investment Group LLC. As part of the Financing…
LONDON, UK: Argo Blockchain, a global leader in cryptocurrency mining, has commenced an initial public offering (IPO) of 7.5 million American Depositary Shares (ADSs), representing an aggregate of 75 million ordinary shares. Each ADS represents 10 ordinary shares of Argo Blockchain. The last closing price of Argo Blockchain’s ordinary shares on the London Stock…
LONDON, UK: Argo Blockchain (LON: ARB), a global leader in cryptocurrency mining, announced that on Sunday 23 May 2021, leading North American miners came together to discuss ESG issues related to Bitcoin mining with Elon Musk. The meeting was organised by Michael Saylor who chaired a productive 90-minute call resulting in the group agreeing…
LONDON: Argo Blockchain, a global leader in cryptocurrency mining, has signed a Memorandum of Understanding (MoU) with DMG Blockchain Solutions to launch the first Bitcoin mining pool powered exclusively by clean energy. Under the terms of the MoU, Argo and DMG will jointly launch Terra Pool, a Bitcoin mining pool powered by clean energy.…
LONDON: Argo Blockchain, a global leader in cryptocurrency mining, announced 4,500 Bitmain Antminer S19 and S19 pro miners Argo agreed to lease from Celsius Network in November 2020 have been installed on time and are now fully operational. This installation represents the final delivery of Antminers under Argo’s lease with Celsius Network. The new…
LONDON: Argo Blockchain has signed a commercial agreement with ePIC Blockchain Technologies (ePIC), a supplier of industry-leading ASIC mining machines which will allow Argo priority access to state-of-the-art ASIC mining rigs. The companies will also work together throughout the development process to build machines specifically to Argo’s specifications, a news release said. As part…
LONDON: Argo Blockchain, the leading cryptocurrency miner based in UK, has entered into a non-binding Letter of Intent (LOI) with DPN LLC of New York, setting out the terms for Argo to acquire 320 acres of land in West Texas, USA, with access of up to 800-megawatts of electrical power where Argo intends to…
LONDON: Argo Blockchain, the leading cryptocurrency miner based in the UK, announced that 1295 S19 and S19 pro miners were brought onstream this week. The machines, which were ordered in November 2020 and delivered ahead of schedule, will add approximately 127 petahash to the company’s existing mining fleet, bringing the Company’s total installed computing…