Argo Blockchain PLC Announces July Ops Update

ACCESSWIRE 5-Aug-2024 5:56 AM

LONDON, ENGLAND / ACCESSWIRE / August 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for July 2024.

During the month of July, the Company mined 48 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day consistent with June 2024, which also averaged 1.5 BTC per day.

Mining revenue in July 2024 amounted to $3.0 million consistent with the prior month (June 2024: $2.9 million). Mining margin for July 2024 was in the mid 20% range, lower than June as a result of the lower hash price realized in July compared to June. As at 31 July 2024, the Company held 11 BTC equivalent.

This announcement contains inside information.

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About Argo:

Argo Blockchain plc is a dual-listed ((LSE: ARB, NASDAQ:ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. For more information, visit www.argoblockchain.com.

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SOURCE: Argo Blockchain PLC