Geometry Dash APK Hill Climb Racing APK
66.1 F
New York
Saturday, June 3, 2023

Argo Blockchain PLC (OTCMKTS:ARBKF) Rockets 70% On Positive Triggers

Must read

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be...

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

The blockchain and cryptocurrency mining companies have been in focus among investors over the past weeks owing to the strong rally in the crypto market.

One of the companies that came into focus in the markets this week was the British firm Argo Blockchain PLC (OTCMKTS:ARBKF) which closed today at $1.50 pps.

Co-Leads Investment In Luxor Technologies

The company is involved in cryptocurrency mining and currently ranks as the leading firm in its industry in the United Kingdom.

Last week, the company announced that it was one of the entities to have led a round of investment in the hashrate management platform Luxor Technologies. This particular development was possibly the trigger behind the rally in the stock yesterday.

As per the provisions of the deal, Argo is going to invest as much as $100,000 in Luxor. The money being invested is going to be deployed towards boosting the engineering team by Luxor.

Luxor is looking to further strengthen its hashrate management platform and in order to do so, it is going to need plenty of new engineers. It is a key investment from Argo considering the progress that Luxor has been able to make over the past few years.

At this point in time, Luxor provides its services to as many as 28,000 miners in the world. On top of that, it is also important to note that since its establishment, Luxor has mined cryptocurrencies that are valued at $45 million.

The reason behind the excitement with regards to this investment from Argo among market participants is understandable. Luxor has developed its own proprietary technology and that has the potential of helping miners in earning significantly larger returns. If that happens, then Luxor’s technology could eventually become far more popular than it already is.

The Chief Executive Officer of Argo, Peter Wall, spoke about the development last week. He stated that Argo is ‘delighted’ to have been a maiden investor in Luxor. Investors could consider keeping an eye on the Argo stock over the coming days.

Disclaimer: We hold no stock in ARBKF stock

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service