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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Argo Blockchain Plc | ARB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.75 | 6.98% | 11.50 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.75 | 10.25 | 11.00 | 11.50 | 10.75 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 28/4/2024 21:21 by 1knocker I am out of ARB, and have ben saying for some time that it is un-investable. As I read them, the results give chapter and verse for my reasoning.I have yet to see a convincing case for investing in ARB, even if the mining sector is a good bet. On any metric yu look at, it is the runt of the litter. I don't see that the opportunity to buy in sterling, saving FX costs and cutting out potential exchange rate risks ( and potential rewards) begins to make ARB the go to miner, even for sterling investors. For those who favour the minig sector because of their BTC holdings (1) ARB has almost none and (2) if you want exposure to BTC, buy BTC, not a miner. |
Posted at 22/3/2024 23:33 by one_frankel Wow I read that FT article Knocker and honestly can't believe how shocking that man Gardin truly is and still continues to play the fiddle on investors but sadly sees no comeuppance whatsoever for being so bloody callous. |
Posted at 12/3/2024 10:11 by zydecoco Https://www.coindesk |
Posted at 04/3/2024 10:03 by qs99 think the Board should give some more guidance on post halving impact, although I am sure they would not have been able to raise any $s in the last raising if those investors thought there was an issue. DYOR |
Posted at 27/2/2024 18:43 by dipa11 "Argo Blockchain PLC GBP7.8 million ($9.9 million) PlacingSource: UK Regulatory (RNS & others)TIDMARBRNS Number : 8691YArgo Blockchain PLC08 January 2024Press Release8 January 2024Argo Blockchain plc("Argo" or "the Company")GBP7.8 million ($9.9 million) PlacingArgo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce it has raised, subject to Admission, gross proceeds of GBP7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of GBP0.001 each in the Company ("Ordinary Shares") at a price per share of GBP0.205 to certain institutional investors (the "Placing"). The Placing price represents a discount of approximately 1 per cent to the 30 trading day VWAP of the Company's existing ordinary shares for the period ended on 5 January 2024, and a discount of approximately 24 per cent to the closing mid-price of the Company's ordinary shares on 5 January 2024. The new Ordinary Shares being issued represent approximately 7.06 per cent of the existing issued ordinary share capital of the Company prior to the Placing.The net proceeds of the Placing are expected to be used by the Company for working capital, the repayment of indebtedness, and for general corporate purposes. The Placing is limited to those certain institutional investors that have already subscribed and this announcement should not be considered an offer or solicitation to purchase or subscribe for securities in the United States.The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC. Admission is expected to occur, and dealings in the new Ordinary Shares commence, on 11 January 2024."DOOR |
Posted at 20/2/2024 08:55 by apotheki BlockchainK2 [TSXv:BITK] ---- Announces Update on Strategic Investment in RealBlocksNew York --- February 20, 2024 - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) is pleased to announce an investment in Enverxergy Inc., commonly referred to as "RealBlocks", a modern investment platform bundling all front, and back-office capabilities needed by Asset Managers and Intermediaries to provide automated, efficient, and low cost global access to Alternative Investments. The Company will acquire a majority interest in RealBlocks. Sergei Stetsenko, CEO of BlockchainK2, stated, "BlockchainK2 and RealBlocks are advancing the automation of financial markets through our innovative platform and are excited about leveraging Generative AI with Blockchain Tokenization for our clients and partners. Decentralized, open-source smart contract protocols are enabling the tokenization of real-world assets — including equity and debt, making capital raises faster and more efficient. This is because Blockchain Technology limits inter-party dependency and creates transparency in an industry where information has traditionally been siloed. Tokenization also creates greater efficiencies, reducing operational expenses. Compliance requirements, for example, can now be programmed into tokens via smart contracts, reducing the effort and expense of on-going compliance efforts. Given this speed and efficiency, tokenized assets will allow for wider ownership, deepening markets and globalized micro-investing in all assets. Our industry is in the early days of adopting Generative AI, and the possibilities are endless. We now plan to incorporate Generative AI into the platform to further automate fully-digital straight-through processing, aiding asset managers and investors as they leverage alternative investments for client portfolios to generate better outcomes for investors, by lowering operational costs and improving transaction accuracy. We are committed to maintaining our innovative edge to scalably bring the benefits of Generative AI to our clients for all investing processes especially KYC and AML." Perrin Quarshie, CEO of RealBlocks stated, "RealBlocks democratizes access to alternative investments by digitizing issuance and end-to-end processing of funds using advanced technology. The platform is designed to create unmatched levels of liquidity and transparency in the traditionally complex world of alternatives, enabling fund managers, financial intermediaries and investors to have greater control and impact on their performance. We are excited to partner with BlockChainK2, as we turn the page to a new chapter in our journey to continue to afford our clients the best experience for investing in alternatives." About RealBlocks Founded in 2017 in New York City, RealBlocks has built the most advanced alternative investment experience for fund managers and their investors worldwide through its online platform. RealBlocks is a pioneer in using advanced Technology to offer a fully digital, white-label solution for today's fund managers wishing to expand their firm's investor base by allowing them to offer more funds in more locations with lower investor minimums. The firm's Software Infrastructure-As-A- About BlockchainK2 BlockchainK2 is working to build a bridge from the blockchain sector to traditional capital markets and to represent one of the few pure play ways for stock market equity investors to get exposure to the cryptocurrency market via investment in mining and infrastructure, and proprietary SaaS blockchain solutions with leading industry partners. For information on BlockchainK2 Corp., please visit hxxp://www.blockchai |
Posted at 15/2/2024 10:30 by apotheki BLOCKCHAINK2 / TSXv:BITK - ANNOUNCES STRATEGIC INVESTMENT IN REALBLOCKSBlockchainK2 Corp. has invested in Enverxergy Inc., commonly referred to as RealBlocks, a modern blockchain investment network providing global access to alternative investments. The amount of the company's investment is $225,000 (U.S.), acquiring over 99.3 per cent of the equity interest in RealBlocks. Sergei Stetsenko, chief executive officer of BlockchainK2, stated: "Decentralized, open-source smart contract protocols are enabling the tokenization of real-world assets -- including equity and debt. Tokenization of equity and debt means that capital raises will be faster and more efficient. This is because blockchain limits interparty dependency for access to relevant information. Compliance requirements, for example, can now be programmed into tokens via smart contracts, reducing time and money spent on ongoing compliance efforts. Given this speed and efficiency, tokenized assets can be further fractionalized, allowing for wider ownership and deepening markets." Perrin Quarshie, CEO of RealBlocks, stated: "RealBlocks democratizes access to alternative investments by digitizing shares of the funds over a blockchain-enabled network. The network is designed to create unmatched levels of liquidity and transparency in the traditionally complex world of alternatives, enabling fund managers, financial intermediaries and investors greater control and impact on their performance." About BlockchainK2 BlockchainK2 is working to build a bridge from the blockchain sector to traditional capital markets and to represent one of the few pure play ways for stock market equity investors to get exposure to the cryptocurrency market via investment in mining and infrastructure, and proprietary software-as-a-servic BlockchainK2 / TSXv:BITK / |
Posted at 12/2/2024 08:36 by r9505571 Let's not get carried away! Remember still living hand to mouth. Selling BTC flat out to survive. Weather and electricity supply to contend with. Class action for misleading investors. Not to mention the impending halving in April! https://cointelegrap |
Posted at 18/1/2024 20:11 by zydecoco Useful FT Article: "If spot bitcoin ETFs are so great, why’s the bitcoin price down? .... GBTC redemptions"Article is behind a paywall so text pasted below: Following their approval by the US securities regulators a week ago, about $3bn gross has flowed into spot bitcoin ETFs and bitcoin’s spot price is down 9 per cent. Bitcoin’s slide is inconvenient for crypto promoters who said spot ETFs would be crypto’s watershed moment, though they have plenty of tradfi-proven excuses: profit taking, better to travel than arrive, buy the rumour sell the news, etc. A neater explanation involves Grayscale Bitcoin Trust, a publicly listed bitcoin warehouse that led the lobbying for US spot ETFs to be legalised. GBTC had since 2017 been operating a bitcoin lobster pot: anyone with bitcoins could give them to Grayscale Investments in exchange for OTC-traded shares in the trust, but there was no way to get the bitcoins back. GBTC last week converted to an ETF, giving its backers their first opportunity to reclaim the $28bn or thereabouts of bitcoin it had collected. And in the four days following spot ETF approval GBTC redemptions have totalled more than $1.6bn. It’s been industry practice to assume all the coins previously trapped in GBTC are being reallocated to cheaper ETFs, meaning at-launch net inflow falls to $1.4bn-ish — but fund reallocation shouldn’t move the bitcoin price; there’s no net selling pressure. It’s also possible, however, that some GBTC shareholders just want to cash out. And though it’s silly to draw conclusions from only four days of data, it’s interesting that GBTC redemptions on Tuesday exceeded total inflows for all the other US spot ETFs. Here’s a chart from JPMorgan, whose analyst Nikolaos Panigirtzoglou expects an overhang from previously trapped GBTC punters to remain for a while yet: It looks like GBTC investors who over the past year had been buying the GBTC fund at a significant discount to NAV to position for its eventual ETF conversion, have been taking full profit post ETF conversion by exiting the bitcoin space entirely rather than shifting to cheaper spot bitcoin ETFs. We had previously estimated that up to $3bn had been invested into GBTC in the secondary market during 2023 in order to take advantage of the discount to NAV. If the previous $3bn estimate proves correct and given $1.5bn has exited already then there could be an additional $1.5bn still to exit the bitcoin space via profit taking on GBTC, thus putting further pressure on bitcoin prices over the coming weeks. Whatever the motive behind the past few days $1.5bn of outflows from GBTC, these outflows are exerting pressure on GBTC to lower its fees. The GBTC fee at 1.5% still looks too high compared to other spot bitcoin ETFs risking further outflows even if for some institutional investors fees are not the only reason to consider when deciding whether to shift to cheaper spot bitcoin ETFs. Liquidity and market depth also matter but again there is risk for GBTC on that front also if other spot bitcoin ETFs manage to reach critical mass in terms of size and liquidity. A lot more capital, perhaps an additional $5bn-$10bn, could exit GBTC if it loses its liquidity advantage. Other places to look for rotation are among futures-based bitcoin ETFs, which have bled out by about $300mn since last Thursday, and from exchange accounts. Panigirtzoglou highlights that since spot ETFs were legalised, on-chain cumulative bitcoin flow by smaller digital wallets — an imperfect proxy for retail punting — has ticked a tiny bit lower. JPMorgan says that if retail brokers and exchanges aren’t quick enough cut fees then approximately $36bn ex GBCT could rotate into spot bitcoin ETFs. Its base case however is that exchanges will retaliate, the price war escalates, and spot BTC ETFs inflows fall short of the highest expectations. Whichever way, for bitcoin’s price, it’s all a nil-sum game at best. |
Posted at 08/1/2024 07:39 by growthinvestor2001 8 January 2024Argo Blockchain plc ("Argo" or "the Company") £7.8 million ($9.9 million) Placing Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to announce it has raised, subject to Admission, gross proceeds of £7.8 million ($9.9 million) by the issue of 38,064,000 new ordinary shares of £0.001 each in the Company ("Ordinary Shares") at a price per share of £0.205 to certain institutional investors (the "Placing"). The Placing price represents a discount of approximately 1 per cent to the 30 trading day VWAP of the Company's existing ordinary shares for the period ended on 5 January 2024, and a discount of approximately 24 per cent to the closing mid-price of the Company's ordinary shares on 5 January 2024. The new Ordinary Shares being issued represent approximately 7.06 per cent of the existing issued ordinary share capital of the Company prior to the Placing. The net proceeds of the Placing are expected to be used by the Company for working capital, the repayment of indebtedness, and for general corporate purposes. The Placing is limited to those certain institutional investors that have already subscribed and this announcement should not be considered an offer or solicitation to purchase or subscribe for securities in the United States. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange PLC. Admission is expected to occur, and dealings in the new Ordinary Shares commence, on 11 January 2024. |
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