SP Retrace9 Jul 2021 10:08
During the month of June, Argo mined 167 Bitcoins compared to 166 in May. This brings the total amount of BTC mined year-to-date to 883 BTC.
At the end of June, the Company owned 1268 Bitcoin or BTC equivalent. At the end of May the Company owned 1108 Bitcoin or BTC equivalent.
As you can see, although Bitcoin value has decreased lately, mining hasn't. ARB now owns 1268 Bitcoins. If you do the maths at a conservative price of say £32,000 per coin, ARB now has 40.5M sitting in the bank and mining on average 5.5M per month. The SP should retrace, especially with lockdown ending in just over a weeks time.