ARBKF - Argo Blockchain's mining capacity affected in November due to network difficulty
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Argo Blockchain ( OTCQX:ARBKF ) mined 198 Bitcoin or Bitcoin Equivalents in November compared to 204 BTC in October 2022.
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The decrease in BTC mined was primarily due to an increase in the Bitcoin network difficulty in November compared to October.
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The Company's total hashrate capacity continues to be 2.5 EH/s.
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As of 30 November 2022, the Company held 126 Bitcoin, of which 116 were BTC Equivalents.
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Mining revenue in November amounted to £2.94M or$3.46M (October 2022: £3.55M or $4M). The company generated this income at a Bitcoin and Bitcoin Equivalent Mining Margin of 29% for the month of November (October 2022: 32%)
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Argo Blockchain's mining capacity affected in November due to network difficulty