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home / news releases / ARBK - Argo Blockchain posts a 19.1% sequential drop in bitcoins mined in August

ARBK - Argo Blockchain posts a 19.1% sequential drop in bitcoins mined in August

Argo Blockchain plc

2023-09-08 06:15:23 ET

  • Cryptocurrency miner Argo Blockchain ( NASDAQ: ARBK ) said in August company mined 105 bitcoin ( BTC-USD ) or bitcoin equivalents or 3.4 BTC per day, a 19.05% drop from 4.2 BTC per day mined in the previous month.
  • Mining revenue in August amounted to $2.93 million vs $3.87 million in July.
  • Decrease in BTC mined driven primarily by economic curtailment at Helios, which generated significant power credits that the Company expects will more than offset the foregone revenue from the curtailment.
  • As of 31 August, company held 49 BTC ( BTC-USD ).
  • ARBK +4.6% after hours to $1.14 on Thursday.

For further details see:

Argo Blockchain posts a 19.1% sequential drop in bitcoins mined in August
Stock Information
Company Name: Argo Blockchain plc
Stock Symbol: ARBK
Market: NASDAQ
Website: argoblockchain.com
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