Has the Argo Blockchain share price fallen too far?
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Cryptocurrency mining company
Argo Blockchain(LSE: ARB) owns impressive banks of specialised computers. And they chug along night and day aiming to verify cryptocurrency transactions and add them to a blockchain ledger. Each new block of transactions has a complex mathematical function that must be solved. And that’s the reason for all the computing power.
Argo Blockchain’s recent mining success
The company has enjoyed some recent success with its cryptocurrency mining operations. In an operational update on 3 March, Argo Blockchain said it mined 129 Bitcoin, or Bitcoin Equivalent, in February, up from 93 in January. To put those figures in perspective, at the end of February, the firm had 599 Bitcoins.
Executive Board and Management Team to be Paid in Cryptocurrency NFT Investments, a company specializing in the identification, acquisition, investment, and development of non-fungible tokens ( NFTs ) , is pleased to announce it has made its maiden investment by acquiring a stake in AEON International, a leading developer of cutting-edge technology for the luxury fashion industry.
The Company has invested US$1,000,000 in AEON in an oversubscribed private round. NFT Investments joins an exclusive club of existing investors including a NYSE listed Chinese ecommerce giant which has a significant stake. This is the first investment made by the Company since its flotation on the AQSE Growth Market on 16 April 2021.
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A glance at some of the day s highlights from the Proactive Investors newswire
Argo Blockchain PLC (LON:ARB) revealed that it has signed a contract with Navier Inc, a specialist designer and builder of cryptocurrency mining facilities, to co-develop the company’s new facility in Helios, Texas.
Parity Group PLC (LON:PTY) said it has seen an encouraging start to 2021 and anticipates more growth in the second half as business confidence returns.
Savannah Resources PLC (LON:SAV) said it raised £10.3mln, before expenses, through an oversubscribed placing and direct subscription and that the net proceeds will mainly go towards progressing its flagship Mina do Barroso project in Portugal.
TRADING UPDATES: Wentworth payout up; Distribution Finance loss steady
Wed, 21st Apr 2021 19:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Wentworth Resources PLC - Tanzania-focused natural gas producer - Revenue for 2020 rises 1.9% to USD19.0 million from USD18.6 million in 2019, while pretax profit surges to USD2.2 million from USD987,000. Profit growth outstrips revenue increase as cost of sales falls 7.1% to GBP9.4 million. Says performance was strong and resilient against challenging backdrop. Declares dividend of 1.0 pence per share, bringing total dividend for year to 1.5p, up 27% on 2019. Adds that it has seen a record first quarter performance to date, with average production volumes for the first quarter of 2021 84.7 million standard cubic feet per day per day versus 63.6 million a year ago.
Investors lost their appetite for shares in Just Eat and Deliveroo as fierce competition and questions over labour issues plagued the two takeaway giants.
Just Eat tumbled after rival Uber announced it would launch in Germany, which would break the FTSE 100 company’s stranglehold on the German market.
Over the next few weeks Uber Eats will start operating in Berlin before potentially moving to other cities. Just Eat – now known as Just Eat Takeaway after its £6billion merger with a Dutch rival last year – has been the main player in Germany since Deliveroo pulled out in 2019.
Just Eat tumbled after rival Uber announced it would launch in Germany, which would break the FTSE 100 company’s stranglehold on the German market