Argo increases Bitcoin production despite BTC difficulty growth
Argo’s daily Bitcoin production rate in February surged 7% despite a 10% month-over-month increase in average network difficulty.
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Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule
Bitcoin mining firm Argo regained compliance with Nasdaq's listing rule, which requires a company to maintain its common stock's minimum bid price of $1 for 30 consecutive trading days.
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy.
Argo blockchain suspends trading on NASDAQ due to upcoming announcement
The mining company has faced financial problems due to escalating energy costs and the falling price of Bitcoin.
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.
Argo Blockchain is at risk of closing if it fails further financing
Argo Blockchain has been selling its Bitcoin holdings earlier this year to cut debt to Michael Novogratz’s crypto investment firm Galaxy Digital.
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
Argo Blockchain facility in West Texas expects to start mining Bitcoin in May
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.
Argo Blockchain among most traded stocks by Fidelity customers
Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the most actively traded by Fidelity customers in 2021.