(LON:ARGO) shares started rising sharply and are up 22% to 105.65p in afternoon trading.
The cryptocurrency miner, which said earlier this month that it is exploring a potential secondary listing on the Nasdaq market, started the day at their lowest level since January, but have perked up strongly despite no concrete news.
On social media, there was only speculation and rumour, including one seemingly unsubstantiated rumour that Tesla has bought a stake in Argo, while elsewhere in the social ether technical analysts spied encouraging signals.
$ARBKF #ARB Argo Blockchain hit support this morning and is in the process of putting in a might bullish engulfing hammer candle. 5M shares have changed hands and it’s only 10.20am. Reversal is on. pic.twitter.com/hVxXtMyvrc
— HudCap???? (@Hudders1985) July 16, 2021
The latest mining figures from Argo for June revealed it had mined 167 Bitcoin and Bitcoin Equivalent (BTC) compared to 166 BTC in May, taking the total BTC mined in the year-to-date to 883.
10.21am: Eve Sleep falls out of bed
Eve Sleep PLC () investors…
