Argo Blockchain: Stay Safe And Warm This Crypto Winter With High-Yielding Baby Bonds

SummaryARBK has a strong balance sheet with good liquidity and moderate debt.At a recent price of $18.10 the par $25, ARBKL baby bonds offer an attractive 12.1% cash yield with the potential for significant capital gains.Very low Bitcoin mining costs and technological leadership provide a competitive advantage during tough times.Crypto winter is here. At a recent price of $20,444, Bitcoin (BTC-USD) is trading for less than 1/3 its 52-week high. Bitcoin miners have faced lower margins due to the combination of low Bitcoin prices and high energy prices. At a recent price of $4.55, Argo Blockchain (NASDAQ:ARBK) is trading for less than 25% of its 52 week high. This article looks at Argo Blockchain PLC 8.75% Senior Notes due 2026 (NASDAQ:ARBKL). The ARBKL baby bonds now yield 12.2% and trade at only 72 cents on the dollar. This article makes the positive case for why income investors should consider ARBKL and also provides some discussion of the major risks.What is ARBKL?ARBKL is a par $25 unsecured baby bond with a generous 8.75% coupon maturing on 11/30/2026. Quarterly interest payments of 54.7 cents are paid on 1/31, 4/30, 7/31 and 10/31 to holders of record on 1/15, 4/15, 7/15 and 10/15. ARBK is headquartered in England and trades in London as well as on NASDAQ. For U.S. investors there is no withholding tax on the ARBKL interest paymentsARBKL can be called at par $25 starting on 11/30/2025 and matures on 11/30/2026. See prosp...