ARBK stock is currently trading at $0.9650, reflecting a bearish sentiment due to a 13.8% pre-market drop after announcing a £4.2 million institutional subscription to strengthen its financial position. Despite a 52% surge in Bitcoin miners' market cap in November 2024, ARBK underperformed, declining 3%, as its diversified operations diluted its exposure to Bitcoin's rally. Bulls might argue that ARBK's improved November revenue of $3.4 million, driven by higher BTC prices, could support a recovery if Bitcoin sustains its upward trend.