
Argo Blockchain plc American Depositary Shares (ARBK)
Company News
Argo, a leader in next-generation transit solutions, has announced a $10.9 million 12-month pilot with the City of Brampton to deploy its fully electric Smart Routingâ„¢ transit system, which will provide on-demand rides and seamless integration with existing public transit networks.
Jefferies analysts have lowered their price targets for Marathon Digital (MARA) and Argo Blockchain (ARBK) due to the ongoing impact of the Bitcoin halving. The report highlights a 'modest recovery' in June but notes continuing challenges, including a shift by some miners towards high-performance computing and AI hosting.
Argo Blockchain (ARBK) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
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