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.

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