Argo Blockchain studies bumper month of crypto mining


Cryptocurrency miner Argo Blockchain up to date the market on its operations in December, reporting that it mined 214 Bitcoin and Bitcoin equal (BTC) through the month, up from 185 BTC in November.

The London-listed agency mentioned it introduced the overall quantity mined in 2021 to 2,045 BTC.

Primarily based on each day overseas alternate charges and cryptocurrency costs through the month, mining income in December totalled £7.82m, which was down from the £8.29m worth attributed to November’s mining.

Argo mentioned it generated the revenue at a mining margin of about 83% for December, in comparison with November’s margin of 86%.

On the finish of the month, Argo Blockchain mentioned it owned 2,595 Bitcoin or Bitcoin equal.

Argo additionally up to date shareholders on the development of its 200MW flagship cryptocurrency mining facility ‘Helios’ in Dickens County, Texas on Friday.

The corporate mentioned its development remained on time, with the primary construction, outdoors facade and roof now full.

It mentioned the subsequent part of development and the build-out of important infrastructure have been ongoing, with a projected completion date within the first half of 2022.

“2021 has been a transformational 12 months for each Argo and the cryptocurrency sector,” mentioned chief government officer and interim chairman Peter Wall.

“We started growth on our mining facility in Texas and we took Argo to Nasdaq.

“Our efforts allowed us to develop our world presence and we sit up for the 12 months forward and the opening of our mining facility in Dickens County, Texas.”

At 1443 GMT, shares in Argo Blockchain have been up 3.66% at 85p.


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