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Argo Blockchain
Bitcoin Miner Argo Blockchain Loses More Wall Street Bulls After Financial Woes
Two analysts downgraded their recommendations on Argo's shares.
Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines
The company has acquired more than 26,500 rigs and 116 MW of facilities in recent months.
Bitcoin Miner Argo's $27M Fundraise Falls Through; Shares Plunge
The bitcoin mining industry is battling soaring energy prices coupled with the stagnated value of cryptocurrencies.
Goldman Still Sees Strong USD; Bitcoin Miners Downgraded Amid Bear Market Woes
A Goldman Sachs strategist wrote a peak in the U.S. dollar "feels several quarters away," which could be bad news for bitcoin (BTC). Bitcoin miners Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded by Wall Street investment bank DA Davison due to bear market woes. Terraform Labs co-founder Do Kwon is rumored to have left Singapore for Dubai, according to Bloomberg.
Argo Blockchain Raises $27M to Ease Liquidity Pressures; US Jobs Report Impact on Bitcoin
London-based bitcoin (BTC) miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor. Plus, the U.S. added 263,000 jobs in September, slightly more than expected but still reflecting a weakening labor market.
Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%
The firm has also sold 3,400 Antminer S19's to raise $7 million.
Fed’s Waller Sees Another ‘Significant’ Rate Hike This Month; SEC Enforcement Chief: We Can’t Ignore Crypto Law-Breaking
Federal Reserve Governor Christopher Waller said Friday he expects a big interest rate increase later this month. Gurbir Grewal, director of enforcement at the U.S. Securities and Exchange Commission, said his agency can’t look the other way as the crypto industry violates securities laws.
Argo Blockchain's Crypto Mining Margin Narrows to 20% as Natural Gas Prices Soar
The miner signed a deal to host up to 32 megawatts of mining machines, enough to power about 10,000 rigs.
Bitcoin Under $21K After Powell's Hawkish Remarks; Analysts Trim Price Targets for Argo Blockchain
Bitcoin (BTC) dropped following Fed Chair Jerome Powell's hawkish speech at the annual Jackson Hole Economic Symposium. H.C. Wainwright and Jefferies analysts slashed their price targets for Argo Blockchain after disappointing guidance from the bitcoin miner's quarterly results. The wife of Alexey Pertsev, the web developer arrested in Amsterdam over alleged ties to sanctioned crypto mixer Tornado Cash, dismissed speculation her husband had links to the Russian secret service.
Sell-Side Analysts Trim Targets for Bitcoin Miner Argo Blockchain
Earlier this week, Argo lowered its year-end hashrate outlook from 5 EH/s to 3.2 EH/s.