Argo BlockchainNASDAQ: ARBK

Argo Blockchain (ARBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

The fourth Bitcoin ( BTC-USD ) halving, scheduled for mid-April 2024, is poised to significantly impact the crypto market. Understanding how the halving will impact Bitcoin price dynamics and crypto mining is critical, especially when choosing which stocks to sell after the halving.

In a surprising turn of events, Argo Blockchain PLC (LSE: ARB) witnessed a substantial price drop in its shares today following the announcement of the departure of its Chief Operating Officer (COO). The company, known for its global leadership in cryptocurrency mining, disclosed this significant change in its management, impacting investor sentiment.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares fell over 16% on Monday morning following a £7.8 million equity round. New shares were issued at 20.5p to institutional investors, marking a 24% discount to the previous closing price *though only a 1% discount on a volume-weighted 30-day basis).

Over the festive season, as the world welcomed Christmas and New Year's, conversations likely gravitated toward Bitcoin and cryptocurrencies, as the popular digital currency has surged higher in recent months. Much like how Memorial Day and Labor Day weekends set the stage for engaging discussions earlier in the previous year surrounding Artificial Intelligence (AI), the resurgence of Bitcoin and the allure of the broader cryptocurrency market continue to captivate investors.

Argo Blockchain (LON: ARB) share price had its best day since November 9th as Bitcoin price continued its recovery. The stock surged to a high of 10.50p on Monday, much higher than last month's low of $7.50.

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares added 15% in early Monday trades following the London-listed bitcoin mining group's November operational update. Soaring bitcoin prices caused Argo's mining revenues to surge 25% month on month, while daily mining production increased by 5%.

Argo Blockchain plc (NASDAQ:ARBK ) Q3 2023 Results Conference Call November 14, 2023 10:00 AM ET Company Participants Tom Divine - VP, IR Seif El-Bakly - Interim Chief Executive Officer Jim MacCallum - Chief Financial Officer Operator Good afternoon, and welcome to the Argo Blockchain plc Q3 Update Investor Presentation. Throughout this recorded presentation investors will be in listen-only mode.

Argo Blockchain plc (ARBKF) Q3 2023 Earnings Call Transcript