I wrote a follow-up article about publicly traded crypto mining companies six days ago, but these companies are moving fast with their investments and tactical positions. Here are news flashes from two of those companies.
Marathon Patent Group announced the purchase of 70.000 Bitmain S-19 ASIC Miners with $170m. Shipping starts on July 2021 and should end in December 2021. When ready, the company mining power will be 10.36 EH/s. To my knowledge, this is the world's biggest mining hardware purchase ever. The company's previous purchase announcement was just two weeks ago.
Argo Blockchain announced that its stock is cross-traded publicly on the US OTCQB Venture Market with ticker ARBKF. It allows easier asses to US-based investors. It is already available at these brokers: Vanguard, Fidelity, Free Trade, TD Ameritrade, E-Trade. The effect on Argo stock price is apparent. The current price is 35.00 GBX compared to the 17.70 GBX previous price in my post just six days ago. There is also an arbitrage situation because the ARBKF ticker closing price was 0.75 USD (about 56.00 GBX).
There is so much going on in the cryptocurrency world, not only in the crypto mining area, so I will soon make a specified section to this kind of news flashes.
CryptoGandalf