ARBK - Cryptocurrency Miner Argo Blockchain H1 Revenue Tumbles 31% On Lower Bitcoin Price | Benzinga
Cryptocurrency mining company Argo Blockchain PLC (NASDAQ: ARBK) H1 2023 revenue declined 31% Y/Y to $24.0 million due to lower Bitcoin price, higher global hashrate (+78% Y/Y), and related network difficulty.
The company reported an EPS loss of $(0.03) in H1, narrower than $(0.08) a year ago.
In H1 FY23, ARBK achieved a mining margin of 42%, higher than 33% in H2 FY22, mainly aided ...