Aug 29, 2023
Argo Blockchain cuts 2022 debt by half, down to $75M
Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023.
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Argo Blockchain cuts 2022 debt by half, down to $75M
Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023.
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Marathon Digital blames weather conditions for mining 21% less Bitcoin in June
The transition from spring to summer in Texas has been a major factor in Marathon Digital’s 21% decline of Bitcoin’s mined in June, according to a statement.
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Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty. (Read More)
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Argo Blockchain accused of misleading investors in class action lawsuit
After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain’s woes are worsening after a recent class action suit.
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Mike Novogratz calls Helios a 'transformative acquisition' for Galaxy
Mike Novogratz calls Helios a ‘transformative acquisition’ for Galaxy
The Galaxy CEO seems unfazed by the carnage in the BTC mining sector this year, and outlined that the firm is looking to significantly ramp up its mining initiatives.
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Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners
On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27 Million Financing Deal Falls Through, Stock…
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Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless
Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless
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 liquidity position. The company agreed to issue 87 million shares to a sole investor, which…
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