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    ARB   GB00BZ15CS02

ARGO BLOCKCHAIN PLC

(ARB)
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Argo Blockchain Gets Bitcoin-Backed Loan of GBP14 Million

06/29/2021 | 03:38am EDT

By Adria Calatayud

Argo Blockchain PLC said Tuesday that it has received a six-month loan of 14 million pounds ($19.4 million) from Galaxy Digital LP, using a portion of its bitcoin holding as collateral.

The London-listed cryptocurrency miner said the funds will be used to continue to build a data center in West Texas to pursue its growth plans and to meet its cash-flow requirements.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

06-29-21 0337ET

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Financials
Sales 2021 79,3 M 109 M 109 M
Net income 2021 38,4 M 52,8 M 52,8 M
Net Debt 2021 65,9 M 90,5 M 90,5 M
P/E ratio 2021 17,1x
Yield 2021 -
Capitalization 661 M 909 M 907 M
EV / Sales 2021 9,16x
EV / Sales 2022 8,89x
Nbr of Employees 9
Free-Float 94,3%
Chart ARGO BLOCKCHAIN PLC
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Argo Blockchain plc Technical Analysis Chart | ARB | GB00BZ15CS02 | MarketScreener
Technical analysis trends ARGO BLOCKCHAIN PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 173,00 GBX
Average target price 245,00 GBX
Spread / Average Target 41,6%
EPS Revisions
Managers and Directors
Peter Wall Executive Chairman & Chief Executive Officer
Alex Appleton COO, Finance Director & Executive Director
Perry Hothi Chief Technology Officer
Abdulrahman Hamdy Technical Systems Manager
Matthew Shaw Independent Non-Executive Director
Sector and Competitors
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