Argo Blockchain mining revenue up in November as mines more bitcoin

Mon, 04th Dec 2023 10:50

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

The London-based cryptocurrency miner said it mined 145 bitcoin or bitcoin equivalents in November, up 1.4% from 143 bitcoin mined in October. The per day rate improved to 4.8 BTC per day from 4.6 month-on-month.

Mining revenue in November jumped 25% to USD5.3 million from USD4.3 million in October.

The company held 21 BTC in November, unchanged from a month ago.

Argo Blockchain shares rose 15% to 10.10 pence per share on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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