Why are Argo Blockchain plc (ARBKF) shares on the up?

With its subsidiary, Argo Blockchain Canada Holdings Inc., Argo Blockchain plc is engaged in ‎crypto asset mining worldwide. Argo Blockchain plc was initially known as GoSun Blockchain ‎Limited and changed its name to Argo Blockchain plc in December 2017.‎

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Argo Blockchain plc (ARBKF)price closed at $1.500 on Tuesday, up+69.11% from the day ‎before. The stock reached $1.600 in the same session, while the lowest price was $1.030. ‎The company’s17,721,413 shares changed hands on the last trading day. The company has a ‎market cap of 377.458M.‎

Latest Highlights ‎

  • On January 6, 2021, Argo Blockchain (LSE: ARB), one of the leading cryptocurrency ‎miners in the U.K., has announced the following operational update for ‎December. Argo mined 96 Bitcoins during December versus 115 Bitcoin Equivalents ‎in November. This brings the total amount of Bitcoins mined thus far this year to ‎‎2,465 Bitcoins. In December, the profits from mining were £1.63 million based on ‎daily foreign exchange rates and the price of cryptocurrencies during the month. ‎December revenue generated by Argo amounted to approximately 60% mining ‎margin on average.‎
  • On December 30, 2020, As one of the world’s largest cryptocurrency miners, Argo ‎Blockchain (OTC: ARBKF) announced that it has invested in Luxor ‎Technologies’hashrate management platform. As one of the world’s largest ‎cryptocurrency miners, Argo Blockchain (OTC: ARBKF) announced that it has invested ‎in Luxor Technologies’hashrate management platform.‎
  • A $100,000 investment from Argo into Luxor will allow Luxor to hire key engineers to ‎boost its hash rate management platform’s development. Since its inception, Luxor ‎has supported over 28,000 miners globally, mining over USD 45 million in ‎cryptocurrency. Today, Luxor has secured a seed funding round to develop its proof-of-work software infrastructure further.‎
  • ARBKF announced it has applied to the Financial Industry Regulatory ‎Authority to cross-trade its shares on the U.S. OTCQB Venture Market, under ‎the ticker ARBKF, thus making Argo’s shares more widely available to North ‎American investors.‎

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