Geometry Dash APK Hill Climb Racing APK
38 F
New York
Sunday, November 28, 2021

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

Must read

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Attempts To Recover After The Recent Move

Among the many sectors that have made a comeback in the stock markets this year, the comeback made by the cannabis sector...

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Looks RAD: Extends Rally

The artificial intelligence space has grown at a highly impressive rate over the past few years and nowadays, investors are increasingly looking...

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

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

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.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
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.
SmsVerifyer.com Affordable best sms verification service