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ARBKF - Argo Blockchain: Crypto Mining Growth Story Getting Stronger
Argo Blockchain
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.