Already on the app - discussion page here Argo Blockchain (ARB) - Share Chat
I was looking for the one traded in the US. £ARB is behind a paywall
Fingers crossed this helps with the next leg up!
Thanks for sharing.
anyone able to buy? my orders get rejected. thanks
Mine too
I purchased this morning without an issue
I had several rejected yesterday but eventually went through on my ‘last’ try. Trading on this one is pretty volatile atm I would assume.
why the big drop guys
because it was pumped to an astronomic price by hype and now people are taking profits
What’s their business model? What I found by quickly using google is that they’re essentially a crypto mining company and nothing more, right?
So just a collection of GPU rigs?
Not GPU - ASIC.
They mine bitcoin, if the price of bitcoin > their mining costs they make profit. Last month they made something like $2m mining profit and based on the bitcoin price, mining difficulty being low at the start of January and the fact that they added new units last week I expect it to be more like $3m this month.
They also hold 200+ bitcoin in their treasury so there’s the ongoing price appreciation from that.
It’s 100% a bitcoin play, but if you believe in the price of that rising this year then it’s likely Argo will out-perform. This (out-moving bitcoin) is also true in the opposite direction so it does remain to be seen what will happen if there is a large draw-down in the bitcoin price.
Up 35% in the states this afternoon. Looking forward to Monday here.
Up 44% last time I checked!
Everyone get ready to make some serious money once this gets on Nasdaq and BTC clears and maintains $50k.
Yep, closed at +44%. The US market is closed on Monday. Gives us the chance to catch up
Forgive my ignorance - why is there not a closer correlation between the US and U.K. share price?