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Argo Blockchain plc released its June Operational Update on 05 July 2024. For June, the company mined 44 Bitcoin or Bitcoin Equivalents (BTC), averaging 1.5 BTC per day, and reported $2.9 million in mining revenue with approximately 30% mining margins. As of 30 June 2024, Argo Blockchain plc held 11 BTC equivalent.
| Date | 5 Jul 2024 |
| Time | 07:00:06 |
| Category | Corporate updates |
| ID | 2462V |
Press Release
5 July 2024
Argo Blockchain plc
("Argo" or "the Company")
June Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for June 2024.
During the month of June, the Company mined 44 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day. This is consistent with May's production.
Mining revenue in June 2024 amounted to $2.9 million (May 2024: $2.9 million). For the month of June, the Company has seen mining margins of approximately 30%. As at 30 June 2024, the Company held 11 BTC equivalent.
This announcement contains inside information.
For further information please contact:
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Argo Blockchain |
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Investor Relations |
ir@argoblockchain.com |
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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 guy.wheatley@fortifiedsecurities.com |
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Tancredi Intelligent Communication UK & Europe Media Relations |
argoblock@tancredigroup.com |
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.