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Argo Blockchain has been one of the winners in the recent Bitcoin rally, having rocketed 218 per cent to 107p in the first week of trading in 2021. The cryptocurrency miner, which started 2020 changing hands for 6p, broke records with trading volumes and new user numbers surging over 1,500 per cent and 500 per cent respectively between August and December. Argo’s success mirrors that of Bitcoin itself, which surged to a new record high above $41,000 on Friday. Last March it was worth just $5,355. Bitcoin surged to a new record high above $41,000 on Friday Demand has been driven by corporates pursuing alternative asset allocation strategies, diversification by institutional investors, the emergence of dedicated funds, and interest generated by retail platforms such as Square and PayPal. ....
About TSG TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka. Additional information is available from the Company s website: www.trans-siberiangold.com
Market Abuse Regulations The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ( MAR ). Upon the publication of this announcement via Regulatory Information Service ( RIS ), this inside information is now considered to be in the public domain. ....