Argo Blockchain PLC (ARBK) News

This thing is a scam folks stay away from it

ARBK.....................................https://stockcharts.com/h-sc/ui?s=ARBK&p=W&b=5&g=0&id=p86431144783

pretty

ARBK.........................................https://stockcharts.com/h-sc/ui?s=ARBK&p=W&b=5&g=0&id=p86431144783

ARBK...............................................https://stockcharts.com/h-sc/ui?s=ARBK&p=W&b=5&g=0&id=p86431144783

Loving this rally in Bitcoin and the miners. It is not just MARA and RIOT taking off. ARBK, IREN, SDIG and MIGI are kicking it too.

Tread with care.. daddys watching u

i dont go where u tell me.. i go where i want..

Better head over to ABSI we would love to have you over there

but u luv $$$.. at any cost.. hence your karma is out to get u

Good thing I never believed in him as a child

but you will not enjoy your holidays not now.. not after.. santa wants to punish your nonsense..santa had beautiful plans for u.. minus $$$

Enjoy your holidays and sorry about your scams that went against your pumping
Hopefully Santa will be nicer to you

whatever.. god said that you will sink..along with your charts..

Stick to the chart and let it do the work for you, so the 3.50 exit on holiday Friday gap and run was the play

well its departing actually..gravity seems to be pulling it back from where it started

Angels will short your riches..

You are going to feel his wrath..in every ticker that you are in..minus $$$

I didn’t know they prayed

But if there is a god he’s disgusted with your futile pumping of stocks and people losing money on your scams that you pump all day

I am an agnostic..

I’m a atheist

I made a chart on you.. its depressing.. down.. down.. down and down..I pray for u.. but god said .. dont pray for vermins..

Chartists give targets and precise trading strategies not futile pumping with no results
Watch and learn

You WILL get your free haircut and a very close shave.. Guarenteed..

you can shove your price targets.. get ready for your karma..

Follow the price targets and sell the gaps

its about to sink..

ARBK...BREAKING 3.50....1 DOLLA SWING...NOT TOO SHABBY!!!

ARBK....3.50

ARBK...3.50 ARRIVING

ARBK...3.50 COMING FAST

ARBK...MOVES FAST HERE TO 3.50

ARBK...3.50 UP AHEAD

ARBK...BLOCK CHAIN PLAY READY TO RIP IT UP

Argo Blockchain Trims Debt & Costs, But Revenue Suffers!

Argo Blockchain, a leading cryptocurrency miner, has reduced its debt to $75 million in the first half of 2023, compared to $143 million at the end of June 2022. The company also reduced operating costs and expenses by 33%, while non-mining costs and expenses fell by 21% in Q2. However, revenue in H1 was significantly lower than in the first half of last year, with a pre-tax loss of $18.6 million. The company attributed this downturn to bitcoin's falling USD valuation and increased global hash rate.

Argo Blockchain will focus on strengthening its balance sheet and growing the business, emphasizing financial discipline and operational excellence.

Argo Blockchain PLC announces its share capital and total voting rights.

Nice climber here

Nobody here but anyone know what the deal is with lawsuits posted on the recent news? Flipped in/out this today, was going to hold but figured take the profits while it lasts

ARBKL Argo Blockchain 8.75% Senior Notes Due 11/30/2026
https://seekingalpha.com/article/4540958-high-yield-baby-bonds-argo-blockchain

Took some here on refinancing news.

Announcement of Transformational Strategic Transactions with Galaxy Digital Holdings, Ltd.


- Argo's subsidiary to sell its Helios facility to Galaxy for $65 million (£54 million) and refinance asset-backed loans with a new $35 million (£29 million) loan with Galaxy

- Transactions will reduce total indebtedness by $41 million (£34 million) and simplify Argo's operating structure

- Argo will maintain ownership of all mining machines, and Galaxy will host Argo's fleet of Bitmain S19J Pros at Helios

- Transactions will strengthen Argo's balance sheet, improve Argo's liquidity position, and enable the Company to continue operations

Good deal!!!

Argo Blockchain's said a deal to raise 24 million British pounds (US$27 million) from a strategic investor has fallen through, sending the bitcoin mining company's shares tumbling as much as 72%.
The London-based firm, which earlier this month signed a letter of intent to sell 87 million shares to the investor as it looked to ease liquidity pressures, didn't say why the agreement had been called off. It is working to secure other deals to provide working capital for the next 12 months.
https://www.coindesk.com/business/2022/10/31/bitcoin-miner-argos-27m-fundraise-falls-through-shares-plunge/

Analysis for $ARBKF and not $ARBK

$ARBKF - Publicly traded miner Agro Blockchain PLC spiked 5% on Monday trade, sparking interest in the company.

A change from previous close of $0.36 to $0.38 was significant for a penny stock.

In the year range, $ARBKF has traded between $0.34 - $2.15 which shows that there is more upside than downside for the stock to move in.

Starting out as a Mining-as-a-Service (MaaS) company in 2018, the Nasdaq and LSE listed company moved into mining for own account in 2019, diversified into digital blockchain infrastructure in 2020 and in 2021 did acquire 160 acres to build a 200 MW facility in Dickens County-Texas.

In May 2022, mining operations have started at the 126,000 square feet Dickens County data center.

Argo Investor Presentation 2022

Revenue of Agro Blockchain is poised to grow exponentially, given that from a total revenue of $1.1 million in 2018 FY it has scaled to $100.1 million in 2021 FY.

Compared to its peers $HUT (Hut 8 Mining Corp) $BITF (Bitfarms Ltd) $MARA (Marathon Digital Holding) that in the first half of 2022 have a mining margin of 61%, $ARBKF has achieved a mining margin of 71%, which is significant.

However, movement in $ARBKF is tied to pricing of $BTC Bitcoin - which to registered a jump of 5.21% on Monday, an increase of $1002 over the previous close.

Volatility in $BTC Bitcoin prices have increased as geo-political tensions mount and this will have an impact on mining companies as well.

Given the bottoming out of $ARBKF stock price, it is a buy at this price and can give rich returns over a 12 month period.