Argo Blockchain

The London-based company’s stock has already tumbled more than 90% this year. The American depository receipts are down a similar amount. Shares of Argo Blockchain Plc were temporarily suspended by the UK's Financial Conduct Authority after the beleaguered Bitcoin miner disclosed a November decline in revenue. The London-based company's stock has already tumbled more than 90% this year. The American depository receipts are down a similar amount. In October, the mining firm was warned that it could be forced to…

The most efficient bitcoin-mining machines are selling for 77% less than last year. The machines, used to process transactions, currently cost about $24 per 100 “terahashes,” a measure of the machine’s computing power, according to mining-services firm Luxor Technology Corp. Last year the same machines cost about $106. Mining companies like Core Scientific Inc. CORZ 5.29% expanded rapidly during the bull run, sometimes borrowing hundreds of millions to buy hardware and…

Bitcoin miner Argo Blockchain Pls tumbled the most since its 2018 initial public offering in London. Bitcoin miner Argo Blockchain Pls tumbled the most since its 2018 initial public offering in London after a $27 million share sale appeared to have collapsed, prompting the company to warn that it might have to shut down. The stock dropped as much as 73% and traded at £9.375 at 10:15 a.m. in London on Monday, down 40%. Argo has fallen 90% this year, as a slump in cryptocurrency prices roiled the mining industry.…