Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-05-20 17:59:24

Argo Blockchain: Crypto Mining Growth Story Getting Stronger

Argo's first quarter profits plummeted, mostly due to crypto valuations falling.A massive new facility has now started operations and will continue to ramp up, which should improve output, and the company has an attractive mining margin.Crypto pricing is a large risk, but accepting that, I see the valuation now as attractive and change my rating accordingly.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer