- Argo Blockchain ( NASDAQ: ARBK ) mined 168 bitcoin or bitcoin equivalents in January 2023, up 14% compared to 147 BTC mined in December 2022.
- The monthly growth was primarily due to fewer curtailment hours in January compared to December, partially offset by higher network difficulty, which on average, was 3% higher in January than in the prior month.
- As of 31 January 2023, the company held 115 bitcoin or bitcoin equivalents. Its total hashrate capacity continues to be 2.5 EH/s.
- Additionally, the bitcoin miner refuted all allegations brought against it in a class action lawsuit filed in the Eastern District of New York on January 26, 2023. The case, Murphy vs Argo Blockchain plc et al, is related to 'misleading' U.S. IPO.
- Shares of the company fell around 10% in Wednesday's premarket session
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Argo Blockchain's bitcoin production grows 14% in January