aergo crypto latest news


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Here is some latest news about Aergo crypto:
- AMA Session on Telegram: Aergo is scheduled to hold a text-based AMA session on Telegram on March 21 at 9:00 UTC. The event will have a prize pool of $200 worth of AERGO tokens and will adhere to guidelines that encourage respectful and on-topic discussions1.
- Interim Half Year Results 2022: Argo Blockchain PLC, the company behind Aergo, reported a pre-tax loss of £36.9 million ($44.9 million) for the six months to 30 June 2022. This loss was primarily driven by a non-cash reduction in the fair value of digital currencies held on the balance sheet. The total number of Bitcoin and Bitcoin Equivalent mined during H1 2022 was 939, a 6% increase over the BTC mined in H1 2021. However, revenues decreased by 14% from H1 2021, mainly due to a decrease in Bitcoin price and an increase in network difficulty and global hashrate2.
- Equipment Financing Agreement with NYDIG: Argo Helios, a subsidiary of Argo Blockchain PLC, has entered into an equipment financing agreement with NYDIG. This agreement involves a loan of $26.66 million to recapitalize the purchase of electrical infrastructure equipment for the Company's flagship cryptocurrency mining facility, Helios, in Dickens County, Texas. The Financing Agreement has a term of four years and bears an interest rate of 8.25% per annum3.
- Celsius Resolution of Claims: Argo Blockchain PLC has reached an amicable resolution with Celsius regarding their respective claims in the litigation pending in New Jersey federal court. As part of the resolution, Argo paid Celsius $6,320,947.64 to terminate their lease agreement, and Celsius conveyed title to Argo for the Bitmain S19 Antminer S19 Pro mining machines covered by the lease. Additionally, Argo agreed to terminate its mining services arrangement with Celsius in return for a payment from Celsius to Argo in the form of Bitcoin4.
- Binance Warning and Roadmap Delays: Aergo has attributed Binance’s Monitoring Tag placement to delays in its roadmap rather than financial or technical issues. Binance added AERGO to its monitoring list alongside nine other tokens, subjecting it to heightened scrutiny due to increased volatility and risks. Aergo is working closely with Binance and plans to make series of announcements to address the situation and clarify its roadmap5.
In conclusion, Aergo and its underlying technology are currently undergoing various developments, including strategic financial arrangements, legal resolutions, and community engagement. These factors are shaping the trajectory of Aergo within the cryptocurrency landscape, emphasizing the importance of monitoring both technical and strategic developments in the blockchain sector.
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