News with the tag "Argo Blockchain"

Bitcoin miner Argo Blockchain announced a CEO departure and interim leadership changes. Argo Blockchain, the British dual-listed Bitcoin ( BTC ) mining company, has revealed that CEO Thomas Chippas will step down from his role and board position, effective Feb. 28. CFO Jim MacCallum will step in as ...

Argo Blockchain, a UK-based cryptocurrency miner, announced the departure of its CEO Thomas Chippas from his role as the company’s CEO and board of directors. According to the announcement, this will take effect from February 28, 2025. His resignation comes at a tough time for the cryptocurrency min...

Argo mined 39 BTC in November, generating $3.4 million in revenue despite a production drop from October. Bitcoin ( BTC ) mining firm Argo Blockchain has released its November production update, showcasing an increase in revenue despite a decline in Bitcoin mining. In a Dec. 4 press release , the fi...

Argo Blockchain reported a 28% decline in Q3 revenue year-over-year, reflecting continued challenges in the crypto mining space. Bitcoin (BTC) mining firm Argo Blockchain reported wider losses for Q3, with quarterly revenue of $7.5 million, down from $10.4 million a…

Crypto mining company, Argo Blockchain, sees its shares rise by 14% after Donald Trump was projected to win the 2024 United States Presidential Election. Based on data from the London Stock Exchange, Argo Blockchain’s stocks rose more than 14% to…

Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than the previo...

Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement...

U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said.

Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said.

London-based mining company Argo Blockchain saw its shares drop by 7.5% on Monday after revealing a 20% decline in mined Bitcoin production for January. The company cited various factors contributing to this decrease, including a 16% reduction in Bitcoin-denominated hash price and weather-related cu...