Tag: argo blockchain

Jan 27 2023

Argo Blockchain faces class action lawsuit for misleading investors

Argo Blockchain investors have filed a class action lawsuit, claiming that the miner misled investors and omitted important details during its 2021 initial public offering (IPO). On January 26, a brand-new complaint was launched against Argo and a number of its executives and board members. It asserts that the company concealed its vulnerability to cash […] The post...

Dec 12 2022

Unpredictable electricity cost could have caused Argo’s troubles

Dec 12 2022 Published at CryptoSlate under tags  argo blockchain bitcoin mining mining

As rumors about Argo's possible bankruptcy continue to spread, more information about what caused the company's troubles are unraveling. The U.S.-based Bitcoin mining company has seen its shares plummet in the second half of the year as it struggled to keep a positive cash flow. In October, Argo failed to...

Dec 09 2022

Trading Shares Of Bitcoin Miner Argo Blockchain Suspended

A Friday operational update halted trading of the embattled bitcoin miner in the United Kingdom and United States.On Friday, the trading of shares of Argo Blockchain (NASDAQ: ARBK) was suspended in both the U.S. and U.K.Particular reasoning for the suspension was not provided.The suspension could indicate pending updates or changes to the firm.In the released...

Nov 05 2022

There Is Potential For More Capitulation From Bitcoin Miners

More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price....

Oct 31 2022

Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless

Oct 31 2022 Published at CryptoSlate under tags  argo blockchain bitcoin mining mining

Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to shut down in the near future. According to an October 31 press release, the company failed to secure a $27 million strategic investment that was supposed to improve its...

Oct 07 2022

Just-In: Top Bitcoin Miner Plans Selling Mining Machines And Strategic Fundraising

Crypto miner Argo Blockchain on Friday announced selling 3,400 mining machines for $6.8 million and raising nearly $27 million via a proposed subscription with a strategic investor to strengthen its balance sheet. Also, the miner signed a letter of intent to amend the existing equipment financing agreement to release $5.7... Read more

May 04 2022

Argo Blockchain receives $70M loan for Helios mining facility in Texas

May 04 2022 Published at Coinscreed under tags  argo blockchain helios news nydig texas

Argo Blockchain, a bitcoin miner based in Texas, has received a $70M loan from New York Digital Investment Group (NYDIG) to help purchase mining equipment for its Helios facility in Texas. The miner has signed a series of loan agreements with New York Digital Investment Group (NYDIG), a crypto-focused lender, under which the latter will […]

Just-In: Bitcoin Miner Argo Blockchain Takes $70 Mln Loan For Texas Site

Bitcoin miner Argo Blockchain on Wednesday said it will take on additional debt to buy equipment for its flagship Texas facility. The miner entered a series of loan agreements with crypto-focussed lender New York Digital Investment Group (NYDIG), under which the latter will provide Argo with up to $70.6 million in debt. Interest rates on...

Apr 05 2022

Intel Blockscale ASIC, New Bitcoin Mining Chip Available Q3 2022

The newly-named Blockscale ASIC has been one of the year’s top bitcoin stories. A juggernaut like Intel entering the bitcoin mining space is huge, and the company’s low-energy PR strategy has worked. The headline of today’s story is that the first batch arrives in Q3 of this year to the already announced clients. Related Reading |...

Dec 23 2021

Sep 14 2021

Aug 11 2021

Bitcoin Mining: North American Miners see 58% Rise in BTC Mining

North America saw an exceptional rise in BTC mining over the span of one month, with a 58 percent hike. Five Bitcoin Mining giants in North America, Marathon Digital, Riot Blockchain, Bitfarm, Argo Blockchain, and Hut8 mined a total of 1802 Bitcoins in July as compared to June’s collection of 1135.6 Bitcoins. The rain of The post Bitcoin Mining: North American Miners see...

Jul 21 2021

Bitcoin Mining firm Argo’s secret US listing application is now under SEC review

Argo Blockchain, a UK-listed Bitcoin Mining organization has recently announced that they had confidentially applied a draft Registration Statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC), to acquire secondary listing in the US, i.e., dual listing. The firm has revealed that the request is currently undergoing the SEC review process. Argo The post Bitcoin Mining firm Argo’s secret US...

Jul 07 2021

Argo Blockchain, A Cryptocurrency Mining Firm Awaits Secondary Listing On Nasdaq

Agro Blockchain that concentrates on cryptocurrency mining is desiring a secondary listing on Nasdaq. The crypto-mining company was already the first to appear on the London Stoch Exchange listings. Related Reading | Bitcoin Water Trust Raises $1.4 Million, And Counting While...

Jun 29 2021

Argo Blockchain Secures $20 Million, Bitcoin-Backed Loan To Expand Texas Mining Farm

Bitcoin mining company Argo Blockchain has secured a $20 million, bitcoin- backed loan agreement to expand its operations in Texas.Bitcoin mining firm Argo Blockchain has announced that it secured a $20 million loan agreement with financial services company Galaxy Digital for a term of six months, using a...

May 27 2021

The Bitcoin Mining Council, Saylor, And Musk: What Transpired In The Meeting?

The jury is still out on whether that meeting between the two gazillionaires and “the leading Bitcoin miners in North America” was positive or nefarious. Part of the Bitcoin community interpreted it as a shrewd PR move and supported the Bitcoin Mining Council. The others smell centralization, are suspicious of closed-door meetings and rejected...

May 14 2021

Argo, DMG Blockchain Join Group Promoting Bitcoin Mining Decarbonization

Bitcoin mining firms DMG Blockchain Solutions and Argo Blockchain have joined an accord promoting industry decarbonization.Bitcoin mining companies Argo Blockchain and DMG Blockchain Solutions have partnered with the Crypto Climate Accord (CCA) to promote industry decarbonization.Per a press release, in conjunction with CAA, both firms...

May 13 2021

Argo Blockchain Buys Hydro Data Centers To Realize Green Bitcoin Mining Vision

Argo Blockchain has purchased two hydro-powered data centers, allowing it mine bitcoin in a more sustainable and green way.Cryptocurrency mining firm Argo Blockchain has continued its move toward environmentally-friendly bitcoin mining by purchasing two hydroelectric-powered data centers in Quebec, Canada, according to a...

Apr 22 2021

Interview: Sustainable Bitcoin Mining In North America With Peter Wall

This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the CEO of Argo Blockchain to cover all things Bitcoin mining.Watch This Episode On YouTubeListen To This Episode:...

Inside Argo Blockchain’s Mission To Change Bitcoin Mining

With a new facility in Texas, Argo Blockchain is now working on a bitcoin mining pool with renewable energy sources only.Bitcoin mining company Argo Blockchain is on a new adventure as it sets up shop in West Texas, a growing North American mecca for the industry.“We are really excited about this site,” Argo CEO Peter Wall recently told Bitcoin Magazine....

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