- Vela Technologies noted that Argo Blockchain had formed a strategic partnership with Hive Blockchain Technologies.

Vela Technologies currently held a 1.0% stake in Argo Blockchain.

The deal would see Argo Blockchain taking a 5% stake in Hive, while Hive would take a 15% stake in Argo Blockchain.

The transaction valued Argo Blockchain shares at 11.6p each.

At 2:26pm: [LON:VELA] Vela Technologies share price was +0.01p at 0.12p

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