Bitcoin miner Argo Blockchain has announced a private placement of its ordinary shares and accompanying warrants to an institutional investor. The transaction is expected to generate gross proceeds of approximately £6.5 million ($8.3 million). Argo Blockchain Announces $8.3 Million Private Placement According to the announcement, the bitcoin miner Argo Blockchain (Nasdaq: ARBK) will issue 57.8…
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Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023. The Argo Blockchain mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over…
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After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that Intel has “end-of-lifed the Intel Blockscale 1000 Series ASIC.” Intel Spokesperson Discloses Company Has End-of-Lifed the Blockscale 1000…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Top 10 Crypto Ransomware Attacks Took $69M in BTC Payments, Chainalysis Laid Off 5% of Workforce, TeraWulf Starts Public Offering of Common Stock Read more »Sign up for…
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The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments. Bitcoin (BTC) miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its…
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On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27…
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