News
Argo Blockchain PLC Announces June Operational Update
Argo Blockchain has released its June 2024 operating update, announcing that it has mined 44 Bitcoin or Bitcoin equivalents, or 1.5 BTC per day. This production rate remains in line with May 2024. Mining revenue for June 2024 also matched May, totaling $2.9 million. The company’s mining margins stood at around 30% for the month, and it held 11 BTC equivalents as of June 30, 2024.
Negative
- Bitcoin production stable but not improved at 44 BTC.
- Mining revenues are flat at $2.9 million.
- Mining margins remained at 30%, indicating that there has been no improvement.
07/05/2024 – 02:00 AM
June Operational Update
LONDON, UK / ACCESSWIRE / 5 July 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for June 2024.
In June, the Company mined 44 Bitcoin or Bitcoin Equivalents (collectively, “BTC”), or 1.5 BTC per day. This is consistent with May’s production.
Mining revenues as of June 2024 were $2.9 million (May 2024: $2.9 million). For the month of June, the Company saw mining margins of approximately 30%. As of June 30, 2024, the Company held the equivalent of 11 BTC.
This announcement contains confidential information.
For further information contact:
About Argo:
Argo Blockchain plc is a publicly traded (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the United States, Canada, and the United Kingdom, Argo’s global and sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate-positive cryptocurrency mining company and a signatory to the Crypto Climate Accord. For more information, visit www.argoblockchain.com.
This information is provided by RNS, the London Stock Exchange news service. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the UK. Terms and conditions relating to the use and distribution of this information may apply. For further information, contact e-mail: rns@lseg.com or visit www.rns.com.
SOURCE: Argo Blockchain PLC
View original Press release on accesswire.com
FAQ
How many Bitcoins has Argo Blockchain mined in June 2024?
Argo Blockchain mined 44 Bitcoin or Bitcoin equivalent in June 2024, averaging 1.5 BTC per day.
What was Argo Blockchain’s mining revenue as of June 2024?
Argo Blockchain has reported $2.9 million in mining revenue for June 2024.
What were Argo Blockchain mining margins as of June 2024?
As of June 2024, Argo Blockchain’s mining margins were around 30%.
How many Bitcoins did Argo Blockchain hold as of June 30, 2024?
As of June 30, 2024, Argo Blockchain held the equivalent of 11 Bitcoin.