2023-04-04 10:05:18 ET
- Argo Blockchain ( NASDAQ: ARBK ) was down ~5% Tuesday morning after the cryptocurrency mining company announced CFO appointment and provided March operational updates.
- The company appointed Jim MacCallum CFO and mined 161 bitcoin or bitcoin equivalents, or 5.2 bitcoin per day, in March.
- MacCallum's appointment is effective from April 5.
- MacCallum currently serves as CFO of the mobile game platform technology company, East Side Games Group.
- For the March operational updates, ARBK said it had mined 5.7 bitcoin per day in February, and the M/M decrease was driven by an increase in network difficulty.
- The company said the average network difficulty in March was 11% higher than in February.
- As of March 31, the company held 85 bitcoin or bitcoin equivalents.
- Argo Blockchain's total hashrate capacity continues to be 2.5 EH/s.
- Source: Press Release
For further details see:
Argo Blockchain down after announcements on CFO appointment, March operational updates