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Argo Blockchain plc released its November 2023 operational update on 04 December 2023. The company mined 145 Bitcoin or Bitcoin Equivalents, averaging 4.8 BTC per day, marking a 5% increase in daily BTC production compared to October. Mining revenue for November 2023 was $5.30 million, a 25% increase from October's $4.26 million, and Argo's HODL remained at 21 BTC as of 30 November 2023.
| Date | 4 Dec 2023 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 4840V |
Press Release
4 December 2023
Argo Blockchain plc
("Argo" or "the Company")
November Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for November 2023.
During the month of November, the Company mined 145 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day. The Company was able to increase its daily BTC production in November by 5% compared to the prior month, despite a 9% increase in the monthly average network difficulty in November compared to October.
Mining revenue in November 2023 amounted to $5.30 million, an increase of 25% compared to the prior month (October 2023: $4.26 million). The increase in revenue was driven primarily by the increase in the price of Bitcoin. As of 30 November 2023, the Company's HODL remained at 21 BTC.
This announcement contains inside information.
For further information please contact:
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Argo Blockchain |
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Investor Relations |
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Tennyson Securities |
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Corporate Broker Peter Krens |
+44 207 186 9030 |
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Fortified Securities |
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Joint Broker Guy Wheatley, CFA |
+44 7493 989014 |
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Tancredi Intelligent Communication UK & Europe Media Relations |
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.