Argo Blockchain (ARB) – Bitcoin and profit

Argo Blockchain (ARB) – Bitcoin and profit

Bitcoin and profit – two words you seldom here in the same sentence. Yet profit is what ARB could be making, if Bitcoin holds above $2,500.

Argo Blockchain started life as a “Mining as a Service” company, a picks-and-shovels cryptocurrency play. However, they floated after the crash in Bitcoin prices, and with no lock-in the share price promptly dumped, reaching as low as 3p.

They decided to start mining for themselves recently, which, looking at the numbers, appears to be a good value-accretive strategy.

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