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What Led The Argo (ARBKF) Stock To Increase 13%?

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As of Wednesday, Argo Blockchain plc (OTCQX: ARBKF) closed at $2.07, up 13.74 percent. Argo stock has been trading in a range of $1.94 to $2.09 on the day. Within the last 12 months, ARBKF stock has advanced 1139.52% with a market cap of $657.54M. Because the ARBKF stock rose in the absence of current news, we can then examine recent developments to gain a deeper understanding of ARBKF.

ARBKF, how have things been?

One of the world’s largest and most efficient cryptocurrency mining operations is that of Agro Blockchain plc, which uses clean energy to mine cryptocurrency. ARBKF and its subsidiary, Argo Blockchain Canada Holdings Inc., are engaged in the mining of crypto assets internationally. As a London-based company, ARBKF used to be referred to as GoSun Blockchain Limited and became Argo Blockchain plc as of December 2017.

In an effort to decarbonize the cryptocurrency industry, Argo and DMG Blockchain Solutions Inc. recently partnered with the Crypto Climate Accord (CCA).

A new working group, formed by Argo and DMG, is developing frameworks for clarifying the CCA’s objectives and promoting a better understanding of the renewable energy sourcing used for crypto mining. As part of their commitment to environmental stewardship, Argo and DMG aligned their goals and objectives with those of the CCA.

What impact will this have?

As a result of the CCA’s partnership with Argo (ARBKF), DMG, and 40 organizations, including many cryptocurrency organizations, the CCA will achieve its stated objectives through promoting renewable energy solutions. In an open invitation to stakeholders and subject matter experts, the CCA asks them to join the working group and to help with its implementation.

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