2 years ago
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Argo Blockchain (ARB) shares surged connected the London Stock Exchange connected Thursday aft the bitcoin miner raised the hashrate guidance successful its yearly net report.
The shares traded astir 70 pence, ($0.9) astatine the clip of writing, an summation of 15% from Wednesday's marketplace close. The leap is the biggest since March 9, erstwhile it gained 18% connected the day, information from TradingView shows.
In a study published aft U.S. markets closed, Argo said it expects its hashrate to summation to 5.5 exahash/second (EH/s) by the extremity of the year, up from its erstwhile estimation of 3.7 EH/s.
The miner is among 4 companies that person disclosed they volition beryllium utilizing Intel's caller bitcoin mining chip, the different three being Hive Blockchain, Griid Infrastructure, and Jack Dorsey's Block (formerly Square).
The miner besides saw income scope $100.1 million, beating the mean expert estimation of $98.3 million, with gross up 291%.
CORRECT (April 28, 9:38 UTC): Corrects stock terms to pence. Original quoted it arsenic pounds.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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