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ARB Argo Blockchain Plc

8.125
0.00 (0.0%)
Last Updated: 08:00:00
Delayed by 15 minutes

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Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 8.125 34,815 08:00:00
Bid Price Offer Price High Price Low Price Open Price
8.00 8.25 8.125 8.125 8.125
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Services, Nec 47.36 -194.23 -40.60 - 43.50
Last Trade Time Trade Type Trade Size Trade Price Currency
08:05:22 O 486 8.175 GBX

Argo Blockchain (ARB) Latest News

Argo Blockchain (ARB) Discussions and Chat

Argo Blockchain Forums and Chat

Date Time Title Posts
28/9/202317:38Argo Blockchain PLC32,213
04/7/202317:26The Argo Blockchain TA & OT thread 10,940
10/3/202314:32ARGO Blockchain PLC 931
03/8/202213:44Argo Blockchain - multibagger52
24/5/202217:57Carnival of sleepy market makers136

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Argo Blockchain (ARB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:05:228.1848639.73O
07:04:328.112,932237.81O
07:04:058.1265553.19O
07:01:178.1212,111983.05O
07:00:288.1214,6311,188.04O

Argo Blockchain (ARB) Top Chat Posts

Top Posts
Posted at 27/9/2023 09:20 by noirua
The weakness of the GBP and the strength of the USD is holding the ARB price up as RIOT and other US miners weaken.
Posted at 23/9/2023 00:35 by noirua
Despite the negativity about BTC, I have great expectations.

If a stock's share price drops below $1.00 and remains below that level for 30 days, the exchange may notify the company that it is not in compliance with listing requirements and is at risk of being delisted.- 8 Aug 2023

1 Year Bitcoin (BTCUSD) Price Chart
Posted at 15/9/2023 11:28 by amaretto1
Making it clear Im NOT talking about ARB chartIm talking about ARB share price movement !
Posted at 31/8/2023 15:38 by 1knocker
The market tends toward over-optimism. In the aggregate, ARB's shareholders lost money. A great deal of money - the company has been an absolute money pit. Look at the capital raised over the past few years, the price paid for it, and what it those shares sell for today.

ARB appeared to have a spectacularly good project. In fact it did, IMO. but it lacked the capital resources to fund it and the human resources to manage its project and its balance sheet competently. A few made money - those who bought the vision and sold out when the cold wind of commercial reality began to blow away the hopes that the vision would be realised.

As for QBT, even the vision is not convincing enough to attract the market. Sure, QBT has been a money pit too, for about a quarter of a century, but perhaps the aggregate losses its shareholders suffer will be lower than in the case of ARB because at present its share price shows little sign of spiking and enabling it to raise huge sums in new capital before collapsing. Instead, it continues to flat line after the 'transformative breakthrough' just as it had for the preceding 20 years plus.
Posted at 05/8/2023 15:31 by amaretto1
He actually does not own a car Seriously Back to ARB Mining 130 BTC per month What price ARB at 30 k 40 k 50 k and above ? These are low estimates for BTC and people say ARB cannot reach 100 pence again Think again imo ! The BTC ETF application is the knod to the big boys What price BTC on approval If you want a clue look at the approval of a Gold ETF !
Posted at 04/8/2023 14:04 by 1knocker
Yes, and I shall be made as soon as I win the lottery.

If only it were so simple for ARB (or QBT). I sold out the last of my ARB a while back, distinctly above the current price, and have never held QBT. While i should greatly like to be around for another couple of decades, its a long time to wait while QBT dilutes its shareholders who are patiently waiting for its next 20 year spike up (and back down).

Whether you are right or wrong about QBT, if you want a crypto miner you would be better off with (say) Riot than ARB. No debt, better margin on BTC mining, and with the balance sheet fire power to ramp up mining at the appropriate moment with whatever turns out to be the best kit. And don't forget, ARB may be like Moses, fated to see the promised land across the Jordan at the end of his wanderings, but to die before setting foot in it.

Think of the state of the art rigs ARB bought for big bucks and found itself so deep in the debt wilderness that it had to sell them off for a song, still in their unopened boxes, to rival miners who are presumably now making money with them. Before you decide whether to load up on shares like ARB and QBT remember what the good book says 'To him that hath shall be given, and from him that hath not shall be taken away even that which he hath'.
Posted at 26/7/2023 11:21 by 1knocker
The current BTC and ARB price action is a useful reminder that, to quote Tyke, 'EW is not predictive in any way, shape, or form'. Certainly not his chartless version of it, anyhow.
Posted at 15/7/2023 20:07 by poggy120
It looks as though Tyke has taken on board that ARB's balance sheet is weak, that a period of weakness in BTC prices would hit it hard, and that yet another capital raise would need to be deeply discounted and is probably only a runner if BTC gets motoring and ignites a bit of FOMO amongst crypto mining punters. In that context, he is quite right not to get carried away by a penny stock 3X price movement. It all hinges on BTC. A period of BTC strength enabling ARB to lengthen its cash runway and ARB will survive, raise capital and possibly prosper. A period of BTC weakness .... well it's then a less happy story, reminiscent of RMM and Mode. He has been there, got the T-shirt, doesn't want another, and is wisely keeping to the ARB sidelines for the present

But if pressed, I expect he will tell you that there is more than one roadmap, and that EW reveals that ARB may soar or flop, or possibly go sideways.I think there is a very high probability that such a prediction will be borne out by events.
Posted at 14/7/2023 19:31 by sharetalk
In the last Update (12/7/2023) ARB stated they had 44 bitcoins left at the end of June (down 6 from 50 the previous month) yet mined 139 bitcoins during June, so presumably they sold 145 bitcoins (139 + 6); a burn of 145 bitcoin in June. They also stated the June mining revenue = $3.84 million, implying they sold mined and reserve bitcoin at an average price of $26,482 ($3.84m / 145).

A rough forward calculation for July (with bitcoin averaging £30,000 or higher) suggests to me:

a) If ARB continue to spend $3.84m per month (as in June) and they can now sell bitcoin at $30,000, they would only need to sell 128 bitcoin per month (i.e. $3.84m / $30,000 = 128).

b) If ARB continue to mine 139 bitcoin per month (as in June) and sell 128 bitcoin at $30,000 (above), they could be trading positively, by +11 bitcoin per month (i.e. 139 - 128) and would not need to sell bitcoin from their remaining 44 bitcoin reserve.

c) The above numbers for ARB could look even better, with bitcoin now well above £30,000 and infact moving above $31,000 today (14/7/2023) before falling back to consolidate support; and the last Update stating they have begun receiving and installing new BlockMiner machines which are expected to increase their total hashrate capacity by 12% (to approx 2.8 EH/s).

So with bitcoin now well above $30,000 and 12% extra hash coming online, ARB could be trading positively and potentially accumulating bitcoin again.
Posted at 12/7/2023 13:15 by sharetalk
In the last Update (12/7/2023) ARB stated they have 44 bitcoins left at the end of June (down 6 from 50 the previous month) yet mined 139 bitcoins during June, so presumably they sold 145 bitcoins (139 + 6); a burn of 145 bitcoin in June. They also stated the June mining revenue = $3.84 million, implying they sold bitcoin at an average price of $26,482 ($3.84m / 145).

A rough calculation for July (when bitcoin has been £30,000 or higher) suggests to me:

a) If ARB continue spend $3.84m per month (as in June) and they can sell bitcoin at $30,000, they would only need to sell 128 bitcoin per month (i.e. $3.84m / $30,000 = 128).

b) If ARB continue to mine 139 bitcoin per month (as in June) and sell 128 bitcoin at $30,000 above, they could be trading positively, by + 11 bitcoin per month (and would not need to sell bitcoin from their remaining 44 bitcoin reserve).

c) Obviously ARB's numbers should look even better with bitcoin now well above £30,000; and the last Update stating they has begun receiving and installing new BlockMiner machines which are expected to increase their total hashrate capacity by 12% (to approximately 2.8 EH/s).

So with bitcoin now well above $30,000 and extra hash coming online, ARB could be trading positively and potentially accumulating bitcoin again.
Argo Blockchain share price data is direct from the London Stock Exchange
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