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Thu, 19th Sep 2019 16:46
(Alliance News) - Argo Blockchain PLC on Thursday said it now has 6,000 machines in production after installing another 1,000 new Antminer T17 Bitmain mining machines.
The cryptocurreny miner said it "expects to increase its installed base rapidly" in 2019 and has 6,000 additional machines or order, expected to be installed in the next two quarters.
A third-quarter operational update is scheduled for early October.
Shares in Argo were down 4.1% at 9.11 pence in London on Thursday afternoon.
Argo Blockchain Reports Strong Operational Performance In January
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(Sharecast News) - Cryptocurrency miner Argo Blockchain updated the market on its operations for January on Tuesday, reporting that it mined 247 Bitcoin and generated revenues of £1.63m based on daily foreign exchange rates and the price of Bitcoin in the month.
Read moreArgo Blockchain Names Director Ian MacLeod As Executive Chair
Read moreArgo Blockchain Expects 2019 Revenue To Be Ten Times Higher Than 2018
Read moreArgo Blockchain Names Vice President Of Operations Peter Wall As CEO
Read more(Sharecast News) - Crypto-mining firm Argo Blockchain tapped Peter Wall to take over as chief executive on Thursday, taking over from co-founder Mike Edwards.
Read more(Sharecast News) - Enterprise-scale cryptocurrency mining company Argo Blockchain announced on Monday that 500 new 'Bitmain S17 Antminer' machines had been brought onstream in the last week, increasing the total number of machines in production to 7,000.
Read moreArgo Blockchain Alters And Expands Cryptomining Equipment Order
Read more(Sharecast News) - Enterprise-scale cryptocurrency mining company Argo Blockchain has amended and expanded its existing order for mining equipment from supplier Bitmain, it announced on Wednesday.
Read more(Sharecast News) - Enterprise-scale cryptocurrency mining service provider Argo Blockchain announced on Tuesday that, following the installation of 500 new 'Antminer T17 Bitmain' mining machines, the total number of machines in production had increased to 6,500 from 6,000.
Read more(Sharecast News) - Enterprise-scale cryptocurrency mining services provider Argo Blockchain updated the market on its operations in the third quarter ended 30 September on Tuesday, reporting revenues of £3.63m from its cryptocurrency mining operations in the period, which was a 75% increase over the second quarter.
Read moreArgo Blockchain Third-Quarter Revenue Surges As Cuts Bitcoin Exposure
Read more(Alliance News) - Argo Blockchain PLC on Tuesday reported a swing to an interim profit following the company's "radical" strategy shift.In the six months to June 30, the miner
Read more(Sharecast News) - Enterprise-scale cryptocurrency mining services provider Argo Blockchain reported a 238% increase in its half-year revenue to £2.93m in its interim results on Tuesday, while it swung to an operating profit of £0.94m from a £4.14m loss at the end of the 2018 financial year.
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