Argo Blockchain Plc downgraded by Barclays with a new price target
$ARBK
Finance: Consumer Services
Finance
Barclays downgraded Argo Blockchain Plc from Overweight to Equal Weight and set a new price target of $3.00 from $7.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/26/2024 | Buy → Neutral | H.C. Wainwright | |
| 10/10/2022 | $7.00 → $3.00 | Overweight → Equal Weight | Barclays |
| 3/25/2022 | $11.00 | Hold | Stifel |
| 3/8/2022 | $21.00 → $25.00 | Buy | Compass Point |
LONDON, UK / ACCESSWIRE / April 25, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce its audited results for the year ended 31 December 2023.HighlightsTotal number of Bitcoin mined during 2023 was 1,760, or 4.8 Bitcoin per day.Revenues of $50.6 million, a decrease of 14% from 2022, driven primarily by a significant increase in the global hashrate and associated network difficulty level.Increased hashrate by approximately 0.3 EH/s with the deployment of ePIC BlockMiners at the Company's Quebec facilities.Reduced non-mining operating costs by 58% in 2023 compared to the prior year.Generated $7.2 million of power credits through
Appointment of Chief Executive Officer and PDMR NotificationLONDON, ENGLAND / ACCESSWIRE / November 27, 2023 / Argo Blockchain plc ("Argo" or "the Company"), a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce that it 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 assets, technology and financial services. He has previously held the positions of Chief Executive Officer of Citadel Technology LLC, Chief Operating Officer of Axon
Appointment of Chief Financial Officer & March Operational UpdateLONDON, UK / ACCESSWIRE / April 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce the appointment of Jim MacCallum as Chief Financial Officer. He will start in the position on 5 April 2023. Mr. MacCallum is not a statutory director of the Company.Mr. MacCallum is a Certified Public Accountant and a Chartered Financial Analyst, bringing over thirty years of experience across various roles in finance and accounting. He currently serves as Chief Financial Officer of East Side Games Group Inc (TSX:EAGR), a publicly-traded mobile game platform technology company ba
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
Notice of Q3 2024 Results and Investor Presentation LONDON, UK / ACCESSWIRE / November 14, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q3 2024 results will be released on 20 November 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on 20 November 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add
Notice of Q2 2024 Results and Investor PresentationLONDON, ENGLAND / ACCESSWIRE / August 22, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q2 2024 results will be released on 28 August 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 BST on 28 August 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add A
Q1 2024 Results (Unaudited) LONDON, UNITED KINGDOM / ACCESSWIRE / May 23, 2024 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining, is pleased to announce its unaudited financial results for the quarter ended 31 March 2024. All $ amounts are in United States Dollars ("USD") unless otherwise stated.Q1 2024 Financial Results● The Company ended the quarter with cash of $12.4 million and held 11 Bitcoin ("BTC") or Bitcoin Equivalent● Reduced debt by $12.4 million during the quarter, a 19% reduction of the December 31, 2023 balance● Revenue of $16.8 million, an increase of 4% compared to Q4 2023● Total BTC mined in the quarter was 319, or 3.5 BTC per day● Mining
H.C. Wainwright downgraded Argo Blockchain Plc from Buy to Neutral
Barclays downgraded Argo Blockchain Plc from Overweight to Equal Weight and set a new price target of $3.00 from $7.00 previously
Stifel initiated coverage of Argo Blockchain Plc with a rating of Hold and set a new price target of $11.00
Notice of Q3 2024 Results and Investor Presentation LONDON, UK / ACCESSWIRE / November 14, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), announces that the Company's Q3 2024 results will be released on 20 November 2024.Argo will host a conference call to discuss its results at 10:00 ET / 15:00 GMT on 20 November 2024. The conference call is open to all existing and potential shareholders, and the live webcast of the call can be accessed via the Investor Meet Company platform. Questions can be submitted via the Investor Meet Company dashboard before the meeting or during the live presentation.Investors can sign up to Investor Meet Company and add
Baie Comeau, High Performance Computing and Helios Updates LONDON, UNITED KINGDOM / ACCESSWIRE / November 7, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following update:Baie-Comeau and High Performance Computing (HPC)Argo has entered into a non-binding letter of intent ("LOI") with BE Global Development Limited ("BE"), a specialist in HPC solutions, to explore a significant expansion at the Company's owned and operated Baie-Comeau facility. This proposed expansion would involve deploying advanced HPC infrastructure, which would diversify Argo's capabilities beyond Bitcoin mining into high-performance computing, posit
LONDON, ENGLAND / ACCESSWIRE / November 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for October 2024.During the month of October, the Company mined 46 Bitcoin ("BTC"), or 1.5 BTC per day, a 24% increase over the Company's September production.Mining revenue in October 2024 amounted to $3.0 million up 36% from $2.2 million in September 2024. The increase in mining revenue reflects increased uptime as a result of lower power costs compared to September and the stronger hashprice realized during the month of October. As at 31 October 2024, the Company held two BTC equivalent.This announcem
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for June 2024. During the month of June, the Company mined 44 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day. This is consistent with May's production. Mining revenue in June 2024 amounted to $2.9 million (May 2024: $2.9 million). For the month of June, the Company has seen mining margins of approximately 30%. As at 30 June 2024, the Company held 11 BTC equivalent.
Argo Blockchain plc, (LSE:ARB)(NASDAQ:ARBK), a global leader in cryptocurrency mining using predominantly renewable energy, announces the extension of its loan with Galaxy Digital Holdings Ltd. ("Galaxy") through to December 28, 2024. As of June 30, 2024, the remaining balance of the loan is $5.7 million, which has been reduced from the $35 million originally advanced in December 2022. With this further loan repayment, the Company expects reduced monthly interest expense on the loan from $440k in July 2023 to $78k in July 2024.
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