Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Cryptocurrency Mining Company Argo Blockchain Achieves Record Q1 Revenue Growth By: Argo Blockchain via Business Wire April 07, 2021 at 08:18 AM EDT Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) announced today that the company has mined 165 Bitcoin or Bitcoin Equivalent (together, "BTC") in the month of March compared to 129 BTC in February. This takes the total amount of BTC mined in Q1 to 387 BTC. At the end of March, the company held 764 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to $9.1 million compared to $6.04 million in February 2021. Argo generated this income at an average monthly mining margin of approximately 84% percent, up from 81 percent in February 2021. This takes Argo’s mining revenues to $18.6 million for the first quarter of 2021, the company’s most profitable quarter to date. This income has been generated at an average mining margin of approximately 80% for Q1 2021. Peter Wall, Chief Executive of Argo said: “I’m delighted that Argo has generated record mining revenue and profits for the third month in a row, making this quarter Argo’s best performing since the Company’s inception. These numbers highlight our continued commitment to smart growth, efficiency, and delivering value to our shareholders. I am also thrilled that we are working with DMG to achieve something we believe will be transformational in the crypto space in the creation of Terra Pool, the first Bitcoin mining pool that will be powered by clean energy.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210407005586/en/Contacts North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906 Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Cryptocurrency Mining Company Argo Blockchain Achieves Record Q1 Revenue Growth By: Argo Blockchain via Business Wire April 07, 2021 at 08:18 AM EDT Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) announced today that the company has mined 165 Bitcoin or Bitcoin Equivalent (together, "BTC") in the month of March compared to 129 BTC in February. This takes the total amount of BTC mined in Q1 to 387 BTC. At the end of March, the company held 764 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to $9.1 million compared to $6.04 million in February 2021. Argo generated this income at an average monthly mining margin of approximately 84% percent, up from 81 percent in February 2021. This takes Argo’s mining revenues to $18.6 million for the first quarter of 2021, the company’s most profitable quarter to date. This income has been generated at an average mining margin of approximately 80% for Q1 2021. Peter Wall, Chief Executive of Argo said: “I’m delighted that Argo has generated record mining revenue and profits for the third month in a row, making this quarter Argo’s best performing since the Company’s inception. These numbers highlight our continued commitment to smart growth, efficiency, and delivering value to our shareholders. I am also thrilled that we are working with DMG to achieve something we believe will be transformational in the crypto space in the creation of Terra Pool, the first Bitcoin mining pool that will be powered by clean energy.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210407005586/en/Contacts North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906 Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873
Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) announced today that the company has mined 165 Bitcoin or Bitcoin Equivalent (together, "BTC") in the month of March compared to 129 BTC in February. This takes the total amount of BTC mined in Q1 to 387 BTC. At the end of March, the company held 764 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to $9.1 million compared to $6.04 million in February 2021. Argo generated this income at an average monthly mining margin of approximately 84% percent, up from 81 percent in February 2021. This takes Argo’s mining revenues to $18.6 million for the first quarter of 2021, the company’s most profitable quarter to date. This income has been generated at an average mining margin of approximately 80% for Q1 2021. Peter Wall, Chief Executive of Argo said: “I’m delighted that Argo has generated record mining revenue and profits for the third month in a row, making this quarter Argo’s best performing since the Company’s inception. These numbers highlight our continued commitment to smart growth, efficiency, and delivering value to our shareholders. I am also thrilled that we are working with DMG to achieve something we believe will be transformational in the crypto space in the creation of Terra Pool, the first Bitcoin mining pool that will be powered by clean energy.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210407005586/en/
North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906 Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873