Stifel initiated coverage on Argo Blockchain Plc with a new price target
$ARBK
Finance: Consumer Services
Finance
Stifel initiated coverage of Argo Blockchain Plc with a rating of Hold and set a new price target of $11.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Underperform | Keefe Bruyette | |
| 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 |
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
6-K - Argo Blockchain Plc (0001841675) (Filer)
LONDON, UK / ACCESS Newswire / January 21, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that Thomas Chippas is stepping down from his positions as Chief Executive Officer and Director effective 28 February 2025. Argo intends to engage an executive search firm to assist with the process of selecting a new Chief Executive Officer and will update the market in due course. In the interim, the Board has appointed Jim MacCallum, current Chief Financial Officer, as interim-Chief Executive Officer.Matthew Shaw, Chairman of the Board, said: "Thomas has made significant contributions to Argo including the repayment of the Galaxy loan ahead of schedule and improving the balance sheet. On
LONDON, UNITED KINGDOM / ACCESS Newswire / January 17, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK), announces today that it has received written notification (the "Notification Letter") from the Nasdaq Stock Market LLC Listing Qualifications Department ("Nasdaq") that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rule 5450(a)(1) since the closing bid price for the Company's American Depositary Shares ("ADS") listed on the Nasdaq Global Select Market was below $1.00 for 30 consecutive business days.In accordance with Listing Rule 5810(c)(3)(A), the Company has until 15 July 2025, to regain compliance with the minimum bid price requirement, during whi
LONDON, UNITED KINGDOM / ACCESSWIRE / January 7, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) is pleased to provide the following operational update for December 2024.During the month of December, the Company mined 39 Bitcoin ("BTC"), or 1.3 BTC per day, consistent with November's production.Mining revenue in December 2024 amounted to $3.9 million, an increase from $3.4 million in November 2024 due to the higher hashprice and BTC price realized in December as compared to November. As at 31 December 2024, the Company held two BTC equivalent.As previously announced, the Company's hosting agreement with Galaxy ended on December 28, 2024. The 23,619 S19J Pros at the Galaxy site will be refu
Keefe Bruyette initiated coverage of Argo Blockchain Plc with a rating of Underperform
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
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
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