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Argo Blockchain PLC Announces PDMR Dealing

1. CEO purchased 75,000 ADRs at prices ranging from $0.4550 to $0.4700. 2. This insider buying indicates confidence in Argo Blockchain's future performance.

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FAQ

Why Bullish?

Insider purchasing typically signals management's confidence, which can positively influence investor perception. Previous instances of insider buying at declining stocks often precede share price recoveries.

How important is it?

Insider buying is a strong indicator of management confidence, which often translates to positive market reactions, impacting stock prices. The level of investment and volume indicates potential for meaningful influence on ARBK's price.

Why Short Term?

The immediate effect of insider buying can result in short-term upward price movements as market sentiment shifts. However, longer-term effects will depend on the company's performance and market conditions.

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ARBKARB
LONDON, ENGLAND / ACCESS Newswire / February 3, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) announces that between 29 and 30 January 2025, Jim MacCallum, the Company's Interim Chief Executive Officer and Chief Financial Officer, purchased American Depositary Receipts representing the Company's ordinary shares ("ADRs"): PDMR / Person closely associated Purchased Weighted average price per Ordinary Share/ADR Jim MacCallum 25,000 ADRs US $0.4550 per ADR Jim MacCallum 25,000 ADRs US $0.4600 per ADR Jim MacCallum 25,000 ADRs US $0.4700 per ADR This announcement contains inside information. PDMR notification Share Purchase Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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