Argo Blockchain - ARB - Share Chat

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I was looking for the one traded in the US. £ARB is behind a paywall :upside_down_face:

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Fingers crossed this helps with the next leg up!

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https://polaris.brighterir.com/public/argo_blockchain/news/rns/story/rg4e5jr

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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.

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why the big drop guys

because it was pumped to an astronomic price by hype and now people are taking profits

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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.

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https://www.proactiveinvestors.co.uk/companies/news/940889/argo-blockchain-inks-letter-of-intent-to-acquire-land-for-new-mining-facility-940889.html

Up 35% in the states this afternoon. Looking forward to Monday here.

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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. :sunglasses:

Yep, closed at +44%. The US market is closed on Monday. Gives us the chance to catch up :grin:

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Forgive my ignorance - why is there not a closer correlation between the US and U.K. share price?