On January 25th, according to GMGN data, the new AI project Argo token ARGO, in which ai16z advisor SamGao is involved, quickly reached a market capitalization of $70 million within 50 minutes of its launch, and is now reported at $49.4 million, with a total trading volume of $39.3 million.

BTC mining company Argo Blockchain announced a £4.2 million fundraising through stock subscription. After this transaction, the total issuance of Argo's shares has exceeded 717 million shares. It is reported that an undisclosed institutional investor participated in this stock subscription. The new funds will drive Argo to relocate its BTC mining facilities to Texas.

According to Jinse Finance, Argo Blockchain, an encryption mining company, has released its Q1 2024 report, which states that... ·Q1 generated revenue of $16.8 million. ·38% mining profit margin; · Reduced debt by $12.4 million, a 19% decrease compared to December 2023; · The net proceeds from the sale of the Mirabel factory are $3 million.

As its exclusive authorized manufacturer in China, Crystal Optoelectronics has completed the technical upgrade of 30° full-color holographic waveguide to meet the market's rise demand for ARGO glasses, and explore long application scenarios with first-line customers. ARGO glasses are the first stand-alone AR/XR device designed for the enterprise and light industrial markets. Since 2020, DigiLens has partnered with Crystal Optoelectronics to introduce the most advanced and cost-effective waveguide technology on the market.

PANews reported on March 27 that according to a research report by Wall Street investment bank Jefferies, Bitcoin mining was more profitable in February than in January. With the price of bitcoin rising by 15%, the share of bitcoin produced by listed North American miners has fallen from the previous month, from 19% to 17.5%, despite the fact that the Bitcoin network hashrate has almost doubled from a year ago, as new hashrate comes online from other sources. Jefferies lowered the price target for Marathon Digital to $24 and the Argo Blockchain price target to $1.50.

Investment bank Jefferies said that Bitcoin mining profits were higher in February than in January, as the price of the world's largest cryptocurrency rose by 15%, while the network hashrate grew at a slower rate of 9%. In addition, Jefferies maintained a hold rating on Marathon Digital stock and lowered the price target from $30 to $24, but raised the price target for Argo Blockchain (ARBK) from $1.20 to $1.50. （CoinDesk）

PANews reported on January 8 that crypto miner Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announced that it has successfully raised a total of £7.8 million (approximately US£9.9 million) through the issuance of 38,064,000 new ordinary shares at a price of £0.205 per share ("配售&# 34; ）。 This placement price is approximately 1% lower than the 30-trading day VWAP of the Company's existing common shares ending January 5, 2024, and approximately 24% lower than the mid-closing price on the same day. The newly issued ordinary shares will represent approximately 7.06% of the issued ordinary share capital of the Company prior to the placement. The Company expects to use the net proceeds from the Placement for working capital, debt repayment and general corporate purposes. The Placement is limited to certain institutional investors who have already subscribed, and the New Common Shares will be placed on an equal footing with the Company's existing Common Shares, and will apply for the New Common Shares to be placed on the Official List and traded on the Main Market of the London Stock Exchange. The listing and trading of the new common shares is expected to commence on January 11, 2024. Tennyson Securities, trading name Shard Capital Partners LLP, acted as agent for the placement.

Odaily Planet Daily News Crypto mining company Argo Blockchain said in a document on the X platform that it has completed the placement of 38 million shares with a total proceeds of 8 million pounds ($10 million), which will be used for working capital, debt repayment and other corporate purposes.

According to official news, Argo Blockchain, a crypto mining company, released its November operation report: a total of 145 BTC or BTC equivalents (collectively referred to as "BTC") were produced this month, equivalent to a daily output of 4.8 BTC. While the average network mining difficulty increased by 9% in November compared to October, the company's daily BTC production still increased by 5% month-on-month. Mining revenue for the month was $5.3 million, up 25% from the previous month ($4.26 million) and the highest month-to-date revenue of the year, with revenue growth mainly driven by higher BTC prices. In addition, as of November 30, 2023, the company held (HODL) 21 BTC.

Cryptocurrency mining company Argo Blockchain posted on social media X that it mined 145 BTC in November (up 5% from the previous month) and earned $5.3 million, which was the highest monthly revenue in 2023 and 25% more than October.

According to PANews on August 29, according to Cointelegraph, the mid-year financial report of the encryption mining company Argo Blockchain showed that the net loss in the first half of 2023 was 18.8 million US dollars, a decrease of more than 50% from the net loss of 39.6 million US dollars in the same period last year. Argo also noted that by mid-2023, the company has reduced its debt by $4 million, bringing its total debt to $75 million. The company has cut its debt by $68 million, compared to $143 million in June 2022. Compared to the first half of 2022, Argo's revenue fell by 31%, and by mid-2023, Argo's net income was 24 million US dollars, which is related to the decline in the value of Bitcoin, the increase in global computing power and related network difficulty. Argo reported that a total of 947 Bitcoins were mined in the first half of this year, an increase of just 1% over the BTC mined during the same period in 2022. It is worth noting that the total global computing power will increase by 78% in 2023. As of June 2023, Argo's balance sheet reflects $9.1 million in cash holdings and 46 bitcoins.

Odaily Planet Daily News Mining company Argo released its semi-annual financial report, with a net loss of US$18.8 million in the first half of 2023, a decrease of more than 50% compared to the net loss of US$39.6 million in the first half of 2022. In 23 years, the debt was reduced by 4 million US dollars, and the total debt dropped to 75 million US dollars. In addition, revenues in 1H23 amounted to $24 million, a 31% decrease compared to the same period last year, which is related to the decline in the value of Bitcoin and the increase in global hashrate and related network difficulty. (Cointelegraph)

Jinse Finance reported that Argo Blockchain, a cryptocurrency mining company, reported a half-year net loss of $18.8 million in 2023, a drop of more than 50% from the net loss of $39.6 million in 2023. Argo also noted that by 2023, the company has reduced its debt by $4 million, bringing its total debt to $75 million. The company has cut its debt by $68 million, to $143 million in June 2022. Compared with the first half of 2022, Argo's revenue has decreased by 31%, and by mid-2023, Argo's net income is 24 million US dollars, which is related to the decline in the value of Bitcoin, the increase in global computing power and related network difficulty.

Odaily Planet Daily News Encrypted mining company Argo Blockchain produced 129 equivalent bitcoins in July, that is, 4.2 bitcoins per day. Mining revenue was $3.87 million in July, compared to $3.84 million in June. As of July 31, 2023, Argo Blockchain holds 46 Bitcoins. (Accesswire)

According to news from PANews on August 4, Argo Blockchain, an encryption mining company, released an operational update for July. The company produced 129 equivalent bitcoins in July, or 4.2 bitcoins per day, a decrease of 11% from the previous month. Mining revenue in July was $3.87 million, similar to that generated in June ($3.84 million). As of July 31, 2023, the company holds 46 bitcoins.

Cryptocurrency miner Argo Blockchain raised £5.7 million ($7.5 million) through a new share offering, Jinse Finance reported. The sale includes a private placement raising £5.134 million and a public offering raising £616,000, the London Stock Exchange-listed company said on Wednesday. The funds will be used to reduce the company's outstanding debt.

Jinse Finance reported that Peter Wall, the former CEO of the Bitcoin mining company Argo Blockchain, has a new job. He has joined the blockchain company SBP and will serve as the company's new senior advisor.

According to news on June 7, Argo Blockchain, a bitcoin mining company, produced 173 bitcoins in May. As of May 31, 2023, Argo held 50 bitcoins and sold about 206 bitcoins in May (the company held 83 bitcoins at the end of April).

According to news from PANews on June 6, according to the financial report for the first quarter of 2023 released by Bitcoin mining company Argo Blockchain, the revenue was US$11.4 million, an increase of 15% compared with the fourth quarter of 2022; the net loss was US$8.7 million; The total amount of mined BTC is 491, or 5.3 BTC per day; the mining profit rate is 49%, which is higher than the 35% mining profit rate in the fourth quarter of 2022; compared with the quarterly average in the second half of 2022, operating costs and The cost is reduced by 70%, and the financial cost is reduced by 63%.

Odaily Planet Daily News Sustainable Bitcoin Protocol (SBP) announced the appointment of Peter Wall, the former CEO of Argo Blockchain, as its new senior advisor to help SBP's climate investment vision. It is reported that SBP is committed to helping Bitcoin become the investment of choice for sustainable investment. With the addition of Peter Wall as a Senior Advisor, the organization is poised to further its mission and help the world realize Bitcoin’s potential as a tool for the clean energy transition. (Business Wire)