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Seeking Alpha 2022-02-08 00:23:45

ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting

Senior Notes Mature 11/30/26 Yielding 9.5% with a 10.9% YTM.My analysis on current business model suggests Argo needs just $14K BTC price to cover interest payments with current mining business.Argo nears completion of Helios mining plant in Texas by end of 1H '22. Result will increase total hashrate greater than 2.4x.Principal backstopped by crypto asset portfolio plus fixed investments.

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