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Argo Blockchain’s renewable energy mining will differentiate it from the rest of the market, says broker In a note, the broker said the Bitcoin mining firm’s results for 2020 had also come in “slightly ahead” of their expectations Argo Blockchain PLC’s (LON:ARB) expansion of its Bitcoin mining operation with a new facility in Texas will enable it to differentiate itself in the market through “access to very low cost, renewable power”, according to analysts at its house broker finnCap. In a note on Thursday, the broker said the Bitcoin mining firm’s results for 2020 had come in...

Argo Blockchain report 'best in class' results with focus on 'growing intelligently' in 2021 Argo Blockchain PLC's (LON:ARB) Peter Wall catches up with Proactive London's Katie Pilbeam after swinging into profit in 2020 with a surge in revenues. In its results for the year to December 31, 2020, the company reported a net profit of £1.7mln compared to a £0.7mln loss in 2019 as revenues jumped 120% to £19mln. Speaking to Pilbeam, Wall says 'the goals for us were to be leaner and smarter and we've now done both of those things and put ourselves in a great place for 2021'. The number of Bitcoi...

Cryptos to watch: Could Ethereum eclipse Bitcoin? Companies Cryptos to watch: Could Ethereum eclipse Bitcoin? The second most valuable crypto on the market is still at a fraction of the worth of its older sibling, however the technological difference between the two could give it an edge in a battle of the blockchains The past week has not been a kind one to the crypto markets, with concerns over regulation and other legal issues causing the prices of many well-known tokens to rapidly fall in value. One such victim of the downturn was Ether, the crypto token that powers the Ethereum network, ...

Bitcoin falls below US$50,000 as crypto sell-off continues The original digital currency is currently trading at around US$48,000 just over a week after hitting a record high of over US$63,000 Bitcoin’s price has fallen below US$50,000 for the first time since early March as a sell-off in crypto markets continued to drag down the value of digital currencies across the board. In mid-morning trading on Friday, Bitcoin was down 11.3% in the last 24 hours at US$48,231, just over a week after hitting a record high of just over US$63,000, while its market cap stood at around US$901bn. Meanwhile, ...

Ether hits all-time high amid crypto market volatility The world's second-most valuable cryptocurrency hit an all-time high of US$2,592 in early afternoon on Thursday Ether, the cryptocurrency that powers the Ethereum blockchain, hit a record high on Thursday afternoon as the ongoing volatility in the crypto markets continued to produce large price swings. At around 1.30pm in London, Ether reached an all-time high of around US$2,592, and while it fell back slightly across the rest of the afternoon it was still hovering at around US$2,559 just after 3pm, up 7.7% over the last 24 hours. The ris...