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Tag: ARBKF Stock

  • What Led The Argo (ARBKF) Stock To Increase 13%?

    What Led The Argo (ARBKF) Stock To Increase 13%?

    As of Wednesday, Argo Blockchain plc (OTCQX: ARBKF) closed at $2.07, up 13.74 percent. Argo stock has been trading in a range of $1.94 to $2.09 on the day. Within the last 12 months, ARBKF stock has advanced 1139.52% with a market cap of $657.54M. Because the ARBKF stock rose in the absence of current news, we can then examine recent developments to gain a deeper understanding of ARBKF.

    ARBKF, how have things been?

    One of the world’s largest and most efficient cryptocurrency mining operations is that of Agro Blockchain plc, which uses clean energy to mine cryptocurrency. ARBKF and its subsidiary, Argo Blockchain Canada Holdings Inc., are engaged in the mining of crypto assets internationally. As a London-based company, ARBKF used to be referred to as GoSun Blockchain Limited and became Argo Blockchain plc as of December 2017.

    In an effort to decarbonize the cryptocurrency industry, Argo and DMG Blockchain Solutions Inc. recently partnered with the Crypto Climate Accord (CCA).

    A new working group, formed by Argo and DMG, is developing frameworks for clarifying the CCA’s objectives and promoting a better understanding of the renewable energy sourcing used for crypto mining. As part of their commitment to environmental stewardship, Argo and DMG aligned their goals and objectives with those of the CCA.

    What impact will this have?

    As a result of the CCA’s partnership with Argo (ARBKF), DMG, and 40 organizations, including many cryptocurrency organizations, the CCA will achieve its stated objectives through promoting renewable energy solutions. In an open invitation to stakeholders and subject matter experts, the CCA asks them to join the working group and to help with its implementation.

  • How Did The Argo Blockchain (ARBKF) Stock Fell Nearly 7%?

    As of the previous close, Argo Blockchain plc [OTCQX: ARBKF] stock was down -6.91% to $2.0200. A volume of 1.25M was recorded against a 30-day average of 1.24M for Argo stock. ARBKF stock price has fluctuated between $0.1670 and $4.6500 over the past 52 weeks. Following a gain of more than 10% in prior session after making a green initiative, ARBKF stock has been affected by profit-taking on the day.

    The partnership was for what?

    Argo Blockchain has one of the world’s largest and most efficient operations that run on clean energy, making it a global leader in cryptocurrency mining. This past weekend ARBKF and DMG Blockchain Solutions Inc. (OTCQB: DMGGF) announced a partnership with the Crypto Climate Accord (CCA).

    • This partnership was established in order to promote decarbonization of the cryptocurrency industry.
    • A new working group has been established by ARBKF and DMG in conjunction with the CCA to outline the accord’s objectives as well as implement technologies that improve transparency in crypto mining with regard to solar and wind energy sources.
    • As far as ARBKF and DMG are concerned, the CCA’s objectives will contribute significantly to reducing overall emissions across the crypto industry.
    • Their goals and objectives reflected a commitment to environmental stewardship, demonstrating how they were aligned with the CCA.
    • It is estimated that Bitcoin miners use around 0.5% of the world’s electrical power.
    • It is crucial to reduce the carbon footprint of that growing energy consumption in this industry.
    • A private sector initiative, the Crypto Climate Accord, committed to powering the cryptocurrency industry with 100% renewable energy in April.

    ARBKF’s commitment:

    A crypto climate accord helps instill real, tangible actions to address the environment’s impact of Bitcoin mining, according to Peter Wall, CEO of Argo Blockchain (ARBKF). The CEO of ARBKF reiterated ARGO’s readiness and determination to support the green initiatives of CCA Supporters and Signatories.