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CryptoCurrency
Crypto Mining Company Argo Reduced Losses by 85% in 2023
The company slashed its debt burden by 63% and optimized operations.
However, the mining difficulty of BTC after the halving has reached historical highs.
Thursday, 25/04/2024 | 06:58 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024
Argo Blockchain closes Mirabel's sale and reduces debt by $12.4 million.
However, its shares on the LSE and NASDAQ are experiencing the most pronounced decline within the crypto industry.
Thursday, 28/03/2024 | 08:33 GMT
by
Damian Chmiel
CryptoCurrency
Argo Crypto Miner Chops Galaxy Debt by 60% in $6.1M Deal
The cryptocurrency miner aims to strengthen its balance sheet by reducing debt burden.
Despite BTC prices jumping in February, the company reported another drop in production.
Tuesday, 05/03/2024 | 09:20 GMT
by
Damian Chmiel
CryptoCurrency
Bitcoin Winter Hits Argo: A Look into Its Sluggish Start in 2024
Argo Blockchain's Bitcoin mining fell 20% in January 2024 due to reduced BTC prices.
This translated into a revenue decline to $5.3 million last month.
Monday, 05/02/2024 | 09:23 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Excels in Bitcoin Production, Announces COO Exit
The company's mining strongly rebounded from this year's lows.
Meanwhile, it secures £7.8m in funding and bids farewell to the COO.
Monday, 08/01/2024 | 08:31 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 27 November: Argo Welcomes New CEO; HIVE Acquires Swedish Data Center
Also, the FCA issued a warning against VentureXchange.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 27/11/2023 | 10:35 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Q3 Revenue Clouded by Net Loss, despite Cost Cuts
Argo Blockchain's Q3 sees increased mining margins and lower Bitcoin production costs.
Even with positive EBITDA and reduced debts, the company reported another quarterly net loss.
Tuesday, 14/11/2023 | 08:03 GMT
by
Damian Chmiel
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CryptoCurrency
Argo Blockchain Reports 34% Increase in Bitcoin Mining for September 2023
Argo mined 136 Bitcoin in September, which is a visible increase from the previous month.
The company also reported a rise of 23% in mining revenue to $3.59 million.
Thursday, 05/10/2023 | 09:14 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Mines More but Earns Less in H1 2023: Reports $18.8M Net Loss
Despite reducing debt and operational costs, Argo reports a net loss in H1 2023.
The company's revenue declined 31%, but it managed to increase its BTC mining 1%.
Tuesday, 29/08/2023 | 08:31 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 19 July: Rakuten Brings AI Assistant; Argo Raises Money
Also new director at Velocity Trade; Nordea buying Danske Bank's Norwegian business.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 19/07/2023 | 11:09 GMT
by
Finance Magnates Staff
CryptoCurrency
Argo’s June Bitcoin Production and Revenue Fall by Almost 20%
June 2023 sees a decrease in Argo’s Bitcoin mining to 139 BTC.
The firm's revenue also fell, but enhancements to mining capacity are underway.
Wednesday, 12/07/2023 | 06:56 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Notes 16% Uptick in Bitcoin Production in May 2023
The publicly-listed BTC miner produced 173 BTC last month.
Additionally, it increased its mining revenue by 14%.
Wednesday, 07/06/2023 | 07:27 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Reports $8.7m Net Loss in Q1 2023 amid Revenue Growth and Cost Reductions
The publicly-listed miner reported increased revenue and cost reductions in Q1 2023.
However, the quarter did not prove profitable with a net loss of almost $9 million.
Tuesday, 06/06/2023 | 08:10 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Turns £194M in Loss as BTC Price Tumbled in 2022
The revenue of the company declined 36 percent.
It strengthened its balance sheet with the sale of the Helios facility.
Friday, 28/04/2023 | 08:58 GMT
by
Arnab Shome
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CryptoCurrency
Argo Blockchain Hires New CFO, Bitcoin Mining Decreases in March
The crypto company appoints Jim MacCallum as the new Chief Financial Officer.
Also, it reports 161 BTC mined in March, a 10% decrease from February.
Tuesday, 04/04/2023 | 08:03 GMT
by
Damian Chmiel
CryptoCurrency
Argo Daily BTC Production Rises 7% in February despite Network Difficulty Jump
Bitcoin network difficulty rose by 10% in February 2023.
However, Argo was still able to increase its daily Bitcoin mining capacity.
Tuesday, 07/03/2023 | 08:45 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Produces More BTC in January Due to Lighter Winter
Harsh winter conditions limited BTC production in December 2022.
In January 2023, the overall Bitcoin production was 14% higher.
Wednesday, 08/02/2023 | 10:21 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Reports 35% Lower Bitcoin Production in December
Argo produces less BTC due to the harsh winter in the US.
The firm halted production at one of its mines to lower the strain on the electric grid.
Wednesday, 11/01/2023 | 09:39 GMT
by
Damian Chmiel
CryptoCurrency
Mike Novogratz's Galaxy Saves Bitcoin Miner Argo from Bankruptcy
Argo sells Helios mine and takes asset-backed loans from Galaxy.
The company wants to renew its focus on Canadian operations.
Wednesday, 28/12/2022 | 09:26 GMT
by
Damian Chmiel
CryptoCurrency
Argo Blockchain Cancels £24 Million Funding, Shares Plunge 46%
The share price of the company dropped by 46 percent on Monday.
The company's focus is now on maximizing liquidity and preserving cash.
Monday, 31/10/2022 | 08:53 GMT
by
Arnab Shome
News
Bitcoin Price Decline Pushes Argo Blockchain’s H1 Revenue Down by 14%
The revenue of the company for the period came in at £26.7 million.
It ended the period with a pre-tax loss of £36.9 million.
Thursday, 25/08/2022 | 06:51 GMT
by
Arnab Shome
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News
Argo Blockchain Sees 2,033% Jump in 2021 Net Income
The company benefited from the reduced hashrate last year.
It is expecting to kick off operations at Helios in May.
Thursday, 28/04/2022 | 06:53 GMT
by
Arnab Shome
News
Argo Blockchain’s BTC Mining Revenue Drops to £5.26M in January
It only mined 172 Bitcoin last month.
The difficulty of BTC mining increased significantly.
Monday, 07/02/2022 | 09:07 GMT
by
Arnab Shome
News
Argo Blockchain Generates Record Revenue of $26 Million in Q3 2021
The company mined 597 Bitcoin and BTC equivalents in the third quarter.
Tuesday, 02/11/2021 | 09:47 GMT
by
Bilal Jafar
News
Argo Blockchain’s Revenues Increase by 180% in H1 2021
The company reported revenues of £31.1 million for the first half of 2021.
Monday, 09/08/2021 | 07:42 GMT
by
Bilal Jafar
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