Argo Blockchain PLC (ARBKF)

[gp22]

ARBKF @ $1.80s. News...Uplisting to Nasdaq...NOT posted on wires yet.

Link:
https://www.sec.gov/Archives/edgar/data/0001841675/000110465921107653/tm2115473-11_f1.htm

[kairos]

Market likes ... ARBKF

[chestnut42]

Baby steps, still have a long way to go for up-listing.

[kairos]

https://www.sec.gov/Archives/edgar/data/0001841675/000110465921107653/tm2115473-11_f1.htm

[tw0122]

Added some here might be the only large Bitcoin miner that hasn’t made a big run.

[kairos]

Agree Belgianshareholder, exciting times for ARBKF ...

[Belgianshareholder]

Only the beginning for #ARB $ARBKF!

Something big cooking imo.

Great times ahead!

[diskman]

Michael Saylor MicroStrategy "I am going to host my first SaylorSpacesThinking face on Tuesday at 6pm EDT. Join me as I discuss all things #Bitcoin with @PeterGWall , CEO of @ArgoBlockchain. Peter leads publicly traded bitcoin miner $ARBKF. Post your questions below, or just show up and join our conversation".

https://twitter.com/michael_saylor

[dshade]

nice!

[diskman]

In 1975, Gold topped at 1.2 trillion usd, corrected 50%, then mooned to 5 trillion usd.

In 2021, Bitcoin topped at 1.2 trillion usd, corrected 50% then ...

[dshade]

that 30k btc and 1.20-1.40 was a good add spot

[kairos]

looking good today ... ARBKF

[dshade]

waiting for the BTC stabilization before re-entry

[dshade]

Argo Blockchain Gets Bitcoin-Backed Loan of GBP14 Million
June 29 2021 - 03:51AM
Dow Jones News
By Adria Calatayud


Argo Blockchain PLC said Tuesday that it has received a six-month loan of 14 million pounds ($19.4 million) from Galaxy Digital LP, using a portion of its bitcoin holding as collateral.

The London-listed cryptocurrency miner said the funds will be used to continue to build a data center in West Texas to pursue its growth plans and to meet its cash-flow requirements.

[diskman]

$$$$$$ ARBKF $$$$$$

[kairos]

Strong buying today ... ARBKF

[kairos]

Added some 1.97s this mornin' ... ARBKF lookie good this mornin'

[diskman]

(CNN) — El Salvador will become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in a video recording shown during the Bitcoin 2021 conference held in Miami.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” Bukele said, according to the conference’s organizer, Bitcoin Magazine.

Bukele said El Salvador partnered with digital finance company Strike to establish the logistics of the decision.

“Over 70% of the active population of El Salvador doesn’t have a bank account. They’re not in the financial system,” Strike CEO Jack Mallers said. “They asked me to help write a plan and that they viewed bitcoin as a world-class currency and that we needed to put together a bitcoin plan to help these people.”

El Salvador currently uses the United States Dollar as its official currency.

The-CNN-Wire
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

© 2021 Circle City Broadcasting I, LLC. | All Rights Reserved.

[diskman]

El Salvador is the 1st country to adopt #Bitcoin as a legal tender, but as the #USDollar keeps devaluing due to endless money printing more countries will follow very soon


https://t.co/mXC7jw3ry7?amp=1

[kairos]

Nice update! Over 1k BTC! Crypto and Green Energy strong memes right now .... ARBKF

[diskman]

May Operational Update

Update on Mining Infrastructure

Investment in DeFi Company



Operational Update



Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide the following operational update for May.



During the month of May, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 163 BTC in April. This brings the total amount of BTC mined year-to-date to 716 BTC.



Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in May amounted to £5.51 million (April 2021: £6.70 million). Argo generated this income at an average monthly mining margin of approximately 82% for the month of May despite fluctuations in mining difficulty. (April 2021: 85%).



At the end of May, the Company held 1108 Bitcoin or BTC equivalent.



Argo is also pleased to announce that it has executed a Grid Interconnection Agreement with the Wind Energy Transmission of Texas (WETT) and American Electric Power (AEP) for 200 MW at their Helios site in the Panhandle of Texas for its Texas mining facility. The facility is expected to connect to the Electric Reliability Council of Texas (ERCOT) grid in Q1 2022. Argo has also purchased two 90 MVA 345kV transformers from Pennsylvania Transformer Technology, a key part of the electrical infrastructure for the Company's Texas development. The transformers will be manufactured in the United States and are scheduled to be delivered to the site in February 2022. When completed, Argo's Texas mining facility is expected to be one of the largest facilities in the United States.



Update on Mining Infrastructure



The Company also announces an update to its 18 January 2021 announcement relating to the expansion of the Company's mining capacity in Q1 and Q2 2021. As previously announced, Argo purchased machines with a total of 540 petahash (PH) from a leading manufacturer. However, as a result of production delays the order was cancelled and Argo has received a full refund. Due to Argo's long-standing partnership with Core Scientific, a replacement order has been placed with Bitmain (via Core Scientific) of Antminer S19 and S19J machines totalling 530 PH at a competitive price to current market rates. These mining rigs are expected to be delivered and installed in stages, with some machines already operational, and the rest expected to be installed, later than the original order, in September and October 2021.



To meet the balance of the order, Argo has also increased a previous order from a second manufacturer from 70 PH to 80 PH, delivery of which is currently scheduled for July 2021. Combined, the new mining hardware is expected to add approximately 610 PH to Argo's existing operations, bringing the Company's expected total computing power to 1.68 exahash by mid October 2021.



Investment in DeFi Company



As part of the Company's ongoing strategy to build physical and digital cryptocurrency infrastructure, Argo is also pleased to announce it has made an investment of £146,000 (CAD $250,000) in WonderFi Technologies Inc. (formerly DeFi Ventures Inc.), as part of a larger CAD $16.4 million fundraising round by WonderFi. WonderFi is a technology company with a mission to bring decentralised finance to the masses through a suite of products and tools which are built on the core principles of simplicity and education. As part of the investment, Peter Wall has been appointed as an unpaid advisor to WonderFi.



Peter Wall, Chief Executive of Argo said: "May has been a busy month. We have continued to deliver strong revenue and as a result, Argo's Bitcoin holding has now surpassed 1,000 BTC. We are also delighted to have signed the Crypto Climate Accord and to have been involved in the creation of the Bitcoin Mining Council. These initiatives have the potential to enact systemic change within our sector and speed up the rate at which miners switch to renewable energy to power their operations. We are also pleased to announce Argo's strategic investment into WonderFi. Access to this emerging sector needs to be democratised and we believe WonderFi is in an excellent position to achieve this."



This announcement contains inside information.



For further information please contact:

Argo Blockchain



Peter Wall

Chief Executive

Ian MacLeod

Executive Chairman

via Tancredi [phone]











finnCap Ltd



Corporate Finance

Jonny Franklin-Adams

Tim Harper



Joint Corporate Broker



Sunila de Silva

[phone]















Tennyson Securities



Joint Corporate Broker

Peter Krens

[phone]

OTC Markets



Jonathan Dickson

[e-mail]



[phone]



[phone]

Tancredi Intelligent Communication

UK & Europe Media Relations



Emma Valgimigli

Emma Hodges

Salamander Davoudi

[e-mail]



[phone]

[phone]

[phone]



About Argo:

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.

argoblockchain.com





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[diskman]

$ARBKF Lean Green Bitcoin Mining Machine. Be interesting to see how many Bitcoins generated this month.

[dshade]

still adding on the dip factors

[Belgianshareholder]

Absolutely, me too. This could go hard in the coming months.

[kairos]

I really like management's approach and focus on green energy. ARBKF for the win ...

[Belgianshareholder]

Yes! Funds buying.

$ARBKF #ARB

[kairos]

ARBKF lookie good ...

[Belgianshareholder]

$ARBKF #ARB - Elon Musk liked two tweets regarding the recent purchase of the two data centers. Sweeeet!

https://stocktwits.com/Belgian79/message/330490236

https://stocktwits.com/Belgian79/message/330474389

[diskman]

ARBKF ready $$$$$$

[Surfacetite]

Sticky is out dated.

[kairos]

ETH may outperform BTC over the next few months ... most cryptos will be strong going forward ... ARBKF

[aljafy]

Ethereum is getting Big Finance's seal of approval. $APLD $ARBKF

[kairos]

2020 Full Year Results

120% revenue and 5 times EBITDA growth delivers first annual profit

Argo Blockchain Plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce its audited results for the year ended 31 December 2020.
Financial highlights

? Revenue increased by 120% to £19.0m (2019: £8.6m)



? Total number of Bitcoins mined rose from 1,330 in 2019 to 2,465 in 2020, an 85% increase in annual production



? Mining margin 41% (2019: 60%) despite challenging market conditions, including Bitcoin halving in May 2020 and the global impact of the COVID-19 pandemic



· Administrative expenses were reduced by £1.1m to £2.4m as a result of series of cost reduction efforts



? Achieved EBITDA* of £7.9m in 2020 compared with EBITDA* of £1.4m in 2019



? Delivered net profit of £1.7m (2019: £0.7m net loss)



? Cash and digital assets held as at 31 December 2020 amounted to £6.7m (2019: £1.2m)



? As at 31st March 2021, the Group held 764 Bitcoin and equivalents valued at a £32.6m based on the Bitcoin price at that time



*Earnings before interest, tax, depreciation and amortisation


Operating highlights



? Strong execution of "smart growth" strategy by new leadership team under chief executive officer Peter Wall and executive chairman Ian MacLeod following their respective appointments in January 2020



? Mining capacity expanded from 210 petahash in January 2020 to 645 petahash on SHA-256 and from 180 Megasols to 280 Megasols on Equihash


Post balance sheet events



? All mining machines currently mining have achieved over 100% ROI*, including those installed in January and February of 2021



? Acquired 320 acres of land in west Texas for a total consideration of US$17.5m with access to some of the lowest-cost clean electricity to support a hosting facility project as part of the next phase of smart growth in 2022



? Raised £49m in new equity for investment in mining rigs, Texas development, blockchain/fintech ventures including a significant equity investment in Pluto Digital Assets Plc, and working capital



? Memorandum of understanding signed with DMG Blockchain Solutions to create Terra Pool, the first "green" Bitcoin mining pool to be powered by clean energy, in response to climate change concerns



? Shares admitted to trading on the OTCQB Venture Market in January 2021 and upgraded to trading on the OTCQX Best Market in February 2021



? On 2 February 2021, the Group signed a Sale and Purchase Agreement with GPUone for the purchase of two data centres in Quebec



? Q1 2021 was the most profitable quarter to date with 387 Bitcoin mined, revenues of £13.4 million and a mining margin of 81%



*ROI defined as yield of mining being greater than machine cost





Current Trading and Outlook



? Strong start to trading in Q1 2021 driven by rise in Bitcoin prices and stable mining difficulty



? Continued investment in new mining capacity, new ventures and strong balance sheet has positioned Argo for long-term growth



? Well placed to benefit from robust trading conditions amid buoyant demand for cryptocurrency







Commenting on the results, Peter Wall, CEO, said: "Argo crossed a major inflexion point in 2020 in its history by achieving full-year profitability on a 120% increase in revenue, our second consecutive year of triple-digit top-line growth. With a proven management team, world-class mining infrastructure, and strong tailwinds from the industry's recent growth, the Board looks forward to the future with great confidence."

[kairos]

APLD is a nice one also ... ARBKF

[diskman]

Argo Blockchain Plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce its audited results for the year ended 31 December 2020.

https://www.londonstockexchange.com/news-article/ARB/2020-full-year-results/14956589

[aljafy]

Argo & APLD, my 2 favorite crypto plays... 2021 is just the start :)

[diskman]

AGRO BLOCKCHAIN #1

[kairos]

Trading nicely again ... ARBKF

[kairos]

thx, i thought so ... ARBKF

[diskman]

Excellent move

[kairos]

picked some cheapies this mornin' ... ARBKF

[tw0122]

DTCC rule starts 4/22

[kairos]

strong again. looks like sellers done ... ARBKF

[diskman]

Boots on the ground, ready for action.

[Belgianshareholder]

$ARBKF News - https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/xlqngpw/export

[Space Cats]

Aye...just change "might" to "will" :)

Both looking very good in the long run though!

https://www.otcmarkets.com/stock/ARBKF/security

[aljafy]

Newcomer to the crypto world is APLD, might even outperform our beloved Argo...

[kairos]

One of the few green plays in the crypto space today. maybe bottom in ... ARBKF

[diskman]

ARGO BLOCKCHAIN #1

[hockeypond]

I sent Peter Wall a message on LinkedIn regarding the institution dumps recently. Maybe Peter started an avalanche when he sold....still holding, but Argo should do a better job holding on to the major shareholders.