Agro Blockchain PLC (ARBK)

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$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.