Fidelity’s Insight into Trading Habits
Fidelity Investments has a fascinating peek into the U.K. stock trading scene. Over the last year, their customers have shown a keen interest in Argo Blockchain, a firm diving deep into the crypto mining world. In a recent report, they unveiled that Argo ranked third in the roster of the most actively traded stocks among clients in 2021, falling just behind household names like Rolls-Royce and British Airways’ parent company. Talk about riding the crypto wave!
Argo Blockchain: The People’s Favorite?
While Argo Blockchain may have captured hearts and trading tickets, Fidelity cautions that its days in the spotlight might be numbered. New contenders are tossing their hats into the trading ring, potentially pushing Argo off the list. December saw a surge of interest in stocks from COVID-19 testing firms and fast-fashion retailers, creating a capricious trading landscape. Will Argo hold onto its crown? Only time will tell!
The Bitcoin Mining Titan
On the broader scale of the trading arena, Argo is not just another firm. Established in 2018, it became a pioneer among crypto mining companies listed on the London Stock Exchange. Recently, they took a leap forward by listing on the Nasdaq, making their offerings more appealing to U.S. investors. This company doesn’t just talk the talk; they’re gearing up to build a massive facility in West Texas, aiming to harness 800 megawatts of power to crank out that sweet, sweet Bitcoin.
A Look at Argo’s Numbers
Performance-wise, Argo appears to be doing well, particularly in North America, where their facilities are generating more than 1.6 exahashes per second of Bitcoin. With a reported generation of 1,831 BTC, their holdings are valued at a cool $118 million. Sounds like a solid day at the office, wouldn’t you say?
The Rough Road Ahead
As of now, shares of Argo are trading at around $130.10—a significant dip from their all-time high of $380.96 reached in February. Crypto trading is thrilling, but it can also be quite the rollercoaster. So, for those jumping into this wild ride, buckle up and maybe hold onto something sturdy; it’s going to be a bumpy yet exhilarating journey!
